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Why Did Snowflake Cut Margin Outlook After A Solid Q1? 11 Analysts Dive Deeper

Benzinga ·  May 24 02:35

Shares ofSnowflake Inc(NYSE:SNOW) tanked in early trading on Thursday, after the company reported results for its first quarter.

The results came amid an exciting earnings season. Here are some key analyst takeaways.

RBC Capital Markets analyst Matthew Hedberg reiterated an Outperform rating, while raising the price target from $220 to $226.

  • KeyBanc analyst Eric Heath reaffirmed an Overweight rating, while lifting the price target from $185 to $200.
  • Rosenblatt Securities analyst Blair Abernethy maintained a Buy rating, while raising the price target from $185 to $195.
  • Needham analyst Mike Cikos reiterated a Buy rating, while reducing the price target from $240 to $210.
  • JPMorgan analyst...
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