Snowflake To Offer $2B In Convertible Notes, Analyst Says It's 'From A Position Of Financial Strength'

Rosenblatt’s Blair Abernethy maintains a Buy rating on Snowflake Inc SNOW with a price target of $180.Snowflake announced its intention to offer $2 billion in convertible notes, due in 2027 and 2029, Abernethy wrote in an analyst note. The Bozeman, Montana-based data storage company currently has $3.9 billion in cash and no debt, he said. “In our view, the company is issuing the proposed Notes from a position of financial strength,” Abernethy added.Also Read: Apple iPhone To Fuel 96% Of 2025 Revenue, Analys ...