Truist lowered the firm’s price target on Snowflake (SNOW) to $240 from $270 and keeps a Buy rating on the shares. The company produced Q4 results with upside to consensus but shares traded off slightly after hours as the management set higher expectations when they articulated their methodology on the Q3 call, the analyst tells investors in a research note.
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:
- 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
- Snowflake price target lowered to $255 from $270 at TD Cowen