Goldman Sachs lowered the firm’s price target on Snowflake (SNOW) to $246 from $286 and keeps a Buy rating on the shares ahead of the Q4 report. The firm expects solid fundamentals to illustrate resilience vs. the broader software sector, 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:
- Databricks Locks in $5 Billion in Funding at $134 Billion Valuation
- ‘These 4 Stocks Will Rebound Once the SaaSpocalypse Ends,’ Says BofA
- Snowflake’s Stock Stumbles As AI Jitters Grip Wall Street
- Snowflake: TensorStax Acquisition Strengthens AI Data Cloud Strategy and Supports Buy Rating with $275 Target
- PLTR and SNOW: Daniel Ives Names His Top AI Stocks to Buy Amid a “Software Garage Sale”
