Analysts have been eager to weigh in on the Technology sector with new ratings on Snowflake (SNOW – Research Report) and Sumo Logic (SUMO – Research 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
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.
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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
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sumo Logic with a $10.25 average price target.
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