In a report released today, Gil Luria from D.A. Davidson reiterated a Buy rating on Snowflake (SNOW – Research Report), with a price target of $175.00. The company’s shares closed yesterday at $109.65.
Luria covers the Technology sector, focusing on stocks such as Braze, Microsoft, and SPS Commerce. According to TipRanks, Luria has an average return of 7.9% and a 53.68% success rate on recommended stocks.
In addition to D.A. Davidson, Snowflake also received a Buy from Rosenblatt Securities’s Blair Abernethy in a report issued yesterday. However, on October 1, Morgan Stanley maintained a Hold rating on Snowflake (NYSE: SNOW).
The company has a one-year high of $237.72 and a one-year low of $107.13. Currently, Snowflake has an average volume of 6.97M.
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Snowflake (SNOW) Company Description:
Founded in 2012, Snowflake Inc. is a cloud-based company which provides a data platform in the United States and internationally. The company’s platform enables customers to consolidate data into a single source to drive meaningful business insights, build data-driven applications, and share data.
Read More on SNOW:
- Meta, Alphabet initiated: Wall Street’s top analyst calls
- Argus starts Snowflake at Hold pending renewed traction in metrics and margins
- Snowflake initiated with a Hold at Argus
- Zeta Global price target raised to $35 from $30 at Truist
- Snowflake’s (SNOW) Questionable Capital Allocation Strategy Calls for Caution
