Snowflake Stock Higher Despite Pre-Earnings Bear Note
SNOWSnowflake(SNOW) schaeffersresearch.com·2024-05-21 02:39

Snowflake Inc (NYSE:SNOW) stock received a price-target cut from RBC Securities to 220from220 from 246 ahead of its first-quarter earnings report, which is due out after the close on Wednesday, May 22. SNOW has struggled with resistance from the 170levelafteraseriesofpullbacksknockeditoffaFeb.12,roughlytwoyearpeakof170 level after a series of pullbacks knocked it off a Feb. 12, roughly two-year peak of 237.72. SNOW was last seen up 1.7% to trade at $164.66 at last check, and down 17.2% since the start of the year. The shares finished five of their past eight next-day sessions low ...