Snowflake Inc. (SNOW) PT Lowered to $150 at Jefferies

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Go back to Snowflake Inc. (SNOW) PT Lowered to $150 at Jefferies

Snowflake (SNOW) Stock Plunges 7% Despite Rosenblatt Upgrade to Buy on Valuation and Growth

May 24, 2022 10:11 AM EDT

Shares of Snowflake (NASDAQ: SNOW) are down more than 7% today on broader sector weakness despite the fact that Rosenblatt analyst Blair Abernethy upgraded to Buy from Neutral.

A new price target is $255.00 per share, down from the prior $325.00. The upgrade call... More