TD Cowen analyst J. Derrick Wood lowered the firm’s price target on Snowflake to $205 from $225 and keeps an Outperform rating on the shares. The analyst said they reported a solid 4Q but that said, mixed international performance, shorter duration commitments and slower ramps from new customers caused management to lower 2024 guidance.
Published first on TheFly
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- Snowflake price target lowered to $185 from $195 at Mizuho
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