Evercore ISI lowered the firm’s price target on Snowflake (SNOW) to $200 from $225 and keeps an Outperform rating on the shares. Core business stabilization plus a wider AI portfolio sets up Snowflake for “a credible run at ~30% product growth in FY27,” the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNOW:
- 3 Best Growth Stocks to Buy This Week, According to Analysts – April 13-17
- Bearish Bets: Three Big Tech Stocks Get Short-Circuited
- Snowflake Stock Sinks as Lawsuit Shadows AI Darling
- Private Markets: Nuclear, hypersonics score nearly $800M in fresh capital
- Snowflake (SNOW) Shareholders Sue Company Over Revenue Claims