Blurbs

Analysts Have Conflicting Sentiments on These Technology Companies: Snowflake (SNOW) and Sumo Logic (SUMO)

Analysts have been eager to weigh in on the Technology sector with new ratings on Snowflake (SNOWResearch Report) and Sumo Logic (SUMOResearch Report).

Snowflake (SNOW)

In a report released today, Keith Weiss from Morgan Stanley maintained a Buy rating on Snowflake, with a price target of $248.00. The company’s shares closed last Monday at $140.27, close to its 52-week low of $110.27.

According to TipRanks.com, Weiss is a 5-star analyst with an average return of 10.8% and a 57.6% success rate. Weiss covers the Technology sector, focusing on stocks such as Qualtrics International, Palantir Technologies, and BigCommerce Holdings.

Snowflake has an analyst consensus of Strong Buy, with a price target consensus of $214.96, which is a 50.0% upside from current levels. In a report issued on November 7, Mizuho Securities also reiterated a Buy rating on the stock with a $185.00 price target.

See today’s best-performing stocks on TipRanks >>

Sumo Logic (SUMO)

In a report released today, Sanjit Singh from Morgan Stanley maintained a Hold rating on Sumo Logic, with a price target of $10.00. The company’s shares closed last Monday at $7.35, close to its 52-week low of $6.43.

According to TipRanks.com, Singh is a 4-star analyst with an average return of 4.8% and a 49.1% success rate. Singh covers the Technology sector, focusing on stocks such as SolarWinds, New Relic, and PagerDuty.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sumo Logic with a $10.25 average price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on SNOW:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More