SNOW - Is Snowflake Stock Going to $200? 1 Wall Street Analyst Thinks So.
2024-05-15 15:00:46 ET
Shares of Snowflake (NYSE: SNOW) are trading down 20% year to date following a disappointing outlook for growth issued during the company's fiscal fourth-quarter earnings call in February.
Heading into the company's upcoming first-quarter earnings report, Bank of America analyst Brad Sills is maintaining a neutral (hold) rating on the shares but he just lowered the price target from $212 to $200. That new price target still implies a 22% upside from the current stock price over the next 12 months or so.
Here's what you need to know.
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Is Snowflake Stock Going to $200? 1 Wall Street Analyst Thinks So.