Workflow
Snowflake Stock Has 20% Upside, According to 1 Wall Street Analyst
SnowflakeSnowflake(US:SNOW) The Motley Foolยท2024-04-08 13:57

Despite the stock's recent haircut, the cloud company is still seeing solid demand for its offerings.Snowflake (SNOW -0.34%) shares sold off sharply following the company's recent earnings report, but Rosenblatt analyst Blair Abernethy sees the dip as a buying opportunity. He recently upgraded the stock from "neutral" to "buy" with a $185 price target. That's 20% above the stock's Apr. 5 closing price.Why buy Snowflake stockThe company's slowing revenue growth over the last two years has limited the stock's ...