Global Artificial Intelligence (AI) In Healthcare Market Size Is Anticipated to Reach Around $613 Billion By 2034

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Snowflake Inc. (SNOW) PT Lowered to $160 at BofA Securities

August 16, 2024 6:17 AM EDT

BofA Securities analyst Brad Sills lowered the price target on Snowflake Inc. (NYSE: SNOW) to $160.00 (from $200.00) while maintaining a Neutral rating.

The analyst comments "The stock has rerated, and the valuation is certainly interesting, at 35x C25e FCF, representing 1.1x... More

Snowflake (SNOW) stock drops as Buffett sells stake, Wells Fargo cuts rating

August 15, 2024 7:19 AM EDT

Shares of Snowflake (NYSE: SNOW) fell more than 3% premarket Thursday after Wells Fargo downgraded the stock and Berkshire Hathaway, led by Warren Buffett, sold its entire stake in the company.

Snowflake, which has been a high-flyer in the tech sector, faces mounting challenges, leading Wells Fargo to cut its rating from Overweight to Equal Weight and slash its price target from $200... More