Snowflake Inc. (SNOW) PT Lowered to $185 at Loop Capital
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Loop Capital Reiterates Buy Rating on Snowflake Inc. (SNOW)
August 22, 2024 8:53 AM EDTLoop Capital analyst Mark Schappel reiterated a Buy rating and $185.00 price target on Snowflake Inc. (NYSE: SNOW).
The analyst comments "Snowflake's July quarter print was fine, but not great a 2.6% product revenue beat was a tad below the expected 3-5% upside, and the product revenue guide, while up and above the consensus, came in below what many investors expected. Thus, the stock was down 8%... More
Snowflake Inc. (SNOW) PT Lowered to $180 at Rosenblatt
August 22, 2024 6:57 AM EDTRosenblatt analyst Blair Abernethy lowered the price target on Snowflake Inc. (NYSE: SNOW) to $180.00 (from $195.00) while maintaining a Buy rating.
The analyst comments "Wednesday after the market, Snowflake reported Q2 Product revenue growth of 30%, ~3% above our expectations, and total revenue of $868.8m... More
Snowflake Inc. (SNOW) PT Lowered to $152 at Baird
August 22, 2024 6:43 AM EDTBaird analyst William Power lowered the price target on Snowflake Inc. (NYSE: SNOW) to $152.00 (from $165.00) while maintaining a Outperform rating.
The analyst comments "Remain buyers. Yesterday afternoon SNOW reported solid FQ2 results, with the 2.7% product revenue beat below FQ1's 5.6%, but still solid.... More
Snowflake Inc. (SNOW) PT Lowered to $190 at Canaccord Genuity
August 22, 2024 6:28 AM EDTCanaccord Genuity analyst David Hynes Jr. lowered the price target on Snowflake Inc. (NYSE: SNOW) to $190.00 (from $215.00) while maintaining a Buy rating.
The analyst comments "Key metrics and KPIs from the quarter. Snowflake delivered solid FQ2 results, beating guidance and raising full-year product... More
Snowflake Inc. (SNOW) PT Lowered to $160 at Needham
August 22, 2024 6:26 AM EDTNeedham analyst Mike Cikos lowered the price target on Snowflake Inc. (NYSE: SNOW) to $160.00 (from $210.00) while maintaining a Buy rating.
The analyst comments "Snowflake outperformed guidance and sell-side models in the July quarter. However, shares indicated lower in after-market trading as investors anticipated... More
Snowflake Inc. (SNOW) PT Lowered to $145 at Jefferies
August 22, 2024 5:22 AM EDTJefferies analyst Brent Thill lowered the price target on Snowflake Inc. (NYSE: SNOW) to $145.00 (from $160.00) while maintaining a Buy rating.
The analyst comments "Results were solid with a ~3% rev beat (vs ~4% avg beat over last 10 Qs), a FY rev... More
Evercore ISI Reiterates Outperform Rating on Snowflake Inc. (SNOW)
August 22, 2024 5:16 AM EDTEvercore ISI analyst Kirk Materne reiterated an Outperform rating and $170.00 price target on Snowflake Inc. (NYSE: SNOW).
The analyst comments "Bottom line: SNOW delivered solid results with product revenue of $829.3mn (+30%) coming in ahead of our/Street forecasts in the 26- 27% range. While this was a smaller beat than some hoped, we view it as a solid quarter that demonstrates that the core... More
Snowflake Inc. (SNOW) PT Lowered to $175 at DA Davidson
August 22, 2024 5:11 AM EDTDA Davidson analyst Gil Luria lowered the price target on Snowflake Inc. (NYSE: SNOW) to $175.00 (from $230.00) while maintaining a Buy rating.
The analyst comments "We maintain our BUY rating and lower our price target from $230 to $175 after Snowflake reported solid 2Q25 numbers... More
BTIG Reiterates Neutral Rating on Snowflake Inc. (SNOW)
August 22, 2024 5:09 AM EDTBTIG analyst Gray Powell reiterated a Neutral rating on Snowflake Inc. (NYSE: SNOW).
The analyst comments "SNOW delivered solid FQ2 results and increased its outlook for FY25. Most notably, SNOW posted product revenue of $829MM / +29.5% y/y compared to our $810MM / 26.5% est and the Street at $814MM / 27.1%. In addition, gross profit beat street estimate 3.0% and operating income was substantially ahead of forecasts. SNOW also increased its FY25 product... More
