Scotiabank analyst Patrick Colville lowered the firm’s price target on Snowflake (SNOW) to $205 from $290 and keeps an Outperform rating on the shares. While the stock’s high valuation is a hindrance in a risk off software market, the firm continues to like the shares.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNOW:
- Snowflake price target lowered to $240 from $270 at Truist
- Snowflake price target lowered to $230 from $275 at Deutsche Bank
- Snowflake price target lowered to $250 from $300 at DA Davidson
- Snowflake price target lowered to $240 from $270 at Canaccord
- Morning Movers: Celsius surges following fourth quarter report