Barclays lowered the firm’s price target on Snowflake to $188 from $198 and keeps an Equal Weight rating on the shares. The analyst thinks it will take investors time to digest the company’s Q4 print. The issue is not so much the quarter itself but more the lower fiscal 2025 guidance and CEO change, the analyst tells investors in a research note. The firm senses the guidance is extra conservative given the CEO transition but says “nonetheless, it does seem investors need to wait longer for a strong recovery.”
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