Snowflake (SNOW) Stock: $200 Target And Buy Rating

By Amit Chowdhry ● Jul 4, 2022
  • The shares of Snowflake Inc (NYSE: SNOW) have received a $200 price target from Jefferies. These are the details.

The shares of Snowflake Inc (NYSE: SNOW) have received a $200 price target from Jefferies. And Jefferies analyst Brent Thill upgraded Snowflake from a “Hold” rating to a “Buy” rating.

Thill adjusted the rating while citing a meaningful multiple compression over the past few months in the company’s shares along with the company’s continued execution of its platform expansion story. Going forward, Thill said that investors should stick with the company for the long-term due to its large end markets as it has plenty of room to double the value while growing into a reasonable multiple.

Plus the company’s fundamentals remain rock solid and the execution has been near flawless over many consecutive quarters.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.