Snowflake Inc. (SNOW) PT Lowered to $180 at Mizuho
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Go back to Snowflake Inc. (SNOW) PT Lowered to $180 at Mizuho
June 7, 2024 1:08 PM EDT
Jefferies analyst Brent Thill lowered the price target on Snowflake Inc. (NYSE: SNOW) to $160.00 (from $210.00) while maintaining a Buy rating.
The analyst comments "SNOW is in a transition year with a product cycle and a new CEO. As it races... More
June 5, 2024 12:43 PM EDT
Snowflake (NYSE: SNOW) held its Summit 2024 and annual Analyst Day in San Francisco on Tuesday. Here's how analysts reacted:
Following the event, RBC Capital maintained an Outperform rating on the stock but cut the price target to $183 from $226 per share, saying the event did not significantly change their thesis.
"The focus centered on 1) the data cloud market is expected to be a $342B CY/28E TAM, 2) the company is focused on a... More
June 5, 2024 10:12 AM EDT
Goldman Sachs analyst Kash Rangan reiterated a Buy rating and $220.00 price target on Snowflake Inc. (NYSE: SNOW).
The analyst comments "We reiterate our Buy rating and $220 Price Target on Snowflake after attending the Data Cloud Summit and Investor Day. We walked away more confident that Snowflake is uniquely suited to be a long-term Gen-AI winner as value extends beyond the infrastructure layer (re: model training) to the... More
