Barclays Says Snowflake’s (SNOW) Strong Run Leaves Limited Upside, Downgrades Stock

Snowflake Inc. (NYSE:SNOW) is one of the Must-Watch AI Stocks on Wall Street. On January 12, Barclays analyst Raimo Lenschow downgraded the stock from Overweight to Equalweight with a price target of $250.00 (from $290.00). Firm analysts are constructive on the stock owing to strong fundamentals, but see limited upside after strong run. While Snowflake has been a “best-in-class-software” stock, the firm believes that much of the strength is now priced into valuation. The AI stock has had one of the stron ...