Is Snowflake Stock Going to $200? 1 Wall Street Analyst Thinks So.
Snowflake(SNOW) The Motley Fool·2024-05-16 03:00
Investors will be looking for better visibility into cloud spending trends in the company's next earnings report. Shares of Snowflake (SNOW 1.85%) are trading down 20% year to date following a disappointing outlook for growth issued during the company's fiscal fourth-quarter earnings call in February. Heading into the company's upcoming first-quarter earnings report, Bank of America analyst Brad Sills is maintaining a neutral (hold) rating on the shares but he just lowered the price target from 200 ...