TD Cowen analyst Derrick Wood lowered the firm’s price target on Snowflake to $180 from $230 and keeps a Buy rating on the shares. The firm said its partner checks were fairly constructive and they expect solid upside to numbers. Near-term overhangs are likely to persist but Cowen continues to think sentiment is too bearish and beat and raise cadence should help strengthen confidence in growth durability.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNOW:
- Options Volatility and Implied Earnings Moves This Week, August 19 – August 22, 2024
- SNOW Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Snowflake Q2 Pre-Earnings: Here’s What to Expect
- Snowflake price target lowered to $160 from $200 at BofA
- Snowflake (NYSE:SNOW) Downgraded by Wells Fargo as Issues Pile Up