DA Davidson keeps a Buy rating and $175 price target on Snowflake while noting that the stock is “highly attractive at these levels”. The firm notes that its recent conversations with DEN experts as well as analysis from its proprietary developer datasets indicates that nothing about the fundamental story for Snowflake has changed outside of a “few self-inflicted wounds overshadowing a long-term secular winner” that offers “multi-year tailwinds”, the analyst tells investors in a research note.
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