Canaccord analyst Kingsley Crane lowered the firm’s price target on Snowflake to $195 from $220 and keeps a Buy rating on the shares. The analyst said with macro challenges broadly leading to growth deceleration across the space and consumption trends indicating relatively soft sequentially, the company’s Q3 could have turned out much worse but he sees a path for them to begin to temper Street expectations.
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Published first on TheFly
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