Cowen analyst J. Derrick Wood lowered the firm’s price target on Snowflake to $225 from $235 and keeps an Outperform rating on the shares. The analyst said while 4Q guidance was a bit disappointing and SNOW is not immune to macro conditions, he was happy to hear of the strength in large enterprises, which is a more durable cohort and key to its long-term growth.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on SNOW:
- 5 Great Stocks to Gift Yourself This Holiday Season
- Big Moves in the Cloud: Quarterly Results Spur Bullish Software Sentiment
- Snowflake price target lowered to $200 from $218 at Piper Sandler
- Snowflake price target lowered to $180 from $197 at Raymond James
- Snowflake price target lowered to $140 from $175 at UBS