Snowflake price target lowered to $146 from $191 at Barclays

Barclays analyst Raimo Lenschow lowered the firm’s price target on Snowflake to $146 from $191 and keeps an Equal Weight rating on the shares. The firm says that despite the slightly greater optimism around software in recent weeks, it is not sure how much the Q2 earnings in itself can fuel momentum further. Channel checks are still mixed, so upside can only come from investors potentially calling a floor and hoping for better times ahead, the analyst tells investors in a research note.