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jimmybob

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jimmybob

Re: jimmybob post# 344779

Thursday, 03/04/2021 9:21:04 AM

Thursday, March 04, 2021 9:21:04 AM

Post# of 365614
Snowflake price target lowered to $270 from $310 at Goldman Sachs
Goldman Sachs analyst Kash Rangan lowered the firm's price target on Snowflake to $270 from $310 and reiterates a Neutral rating on the shares. The company reported Q4 results with outperformance across key metrics, Rangan tells investors in a research note. The analyst continues to view Snowflake as well positioned to replace incumbent data warehousing solutions owing to its "scalable and elastic" cloud native platform, but believes this is largely reflected in the company's valuation

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