- The shares of Snowflake Inc (NYSE: SNOW) have received a $367 price target from Barclays. These are details.
The shares of Snowflake Inc (NYSE: SNOW) have received a $367 price target from Barclays. And Barclays analyst Raimo Lenschow upgraded Snowflake to an “Overweight” rating from an “Equal-Weight” rating while reducing the price target from $393.
Lenschow noted that the recent selloff in the shares creates an attractive entry point. And Lenschow said Snowflake is a unique asset given its growth profile, scale, and importance to customers, which is reflected in its best-in-class retention rates. Plus Lenschow added that the stock’s valuation level is near all-time lows.
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