Snowflake Stock Has 20% Upside, According to 1 Wall Street Analyst
SNOWSnowflake(SNOW) The Motley Fool·2024-04-08 21:57

Despite the stock's recent haircut, the cloud company is still seeing solid demand for its offerings. Snowflake (SNOW -0.34%) shares sold off sharply following the company's recent earnings report, but Rosenblatt analyst Blair Abernethy sees the dip as a buying opportunity. He recently upgraded the stock from "neutral" to "buy" with a $185 price target. That's 20% above the stock's Apr. 5 closing price. Why buy Snowflake stock The company's slowing revenue growth over the last two years has limited the stoc ...