From Financial Modeling Prep: 2024-11-19 07:32:00

Citi analysts lowered Snowflake’s price target to $183 but maintained a Buy rating due to slightly reduced fiscal year 2026 estimates. Third-quarter results were expected to exceed estimates, driven by increased product revenue and adoption of GenAI products. Despite competition and declining win rates, analysts see Snowflake’s current valuation as attractive for long-term growth potential.



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