Stock Track | Snowflake Plummets 5.02% on Wednesday Amid Analyst Downgrade

Stock Track

2024/12/19

Snowflake Inc. (SNOW) saw its stock price plummet 5.02% on Wednesday's intraday trading session. The drop can be attributed to a recent analyst downgrade from Wedbush Securities.

According to reports, Wedbush analyst Dan Ives downgraded Snowflake from Outperform to Neutral, while maintaining a price target of $190. This downgrade likely contributed to the sell-off in Snowflake shares during the trading session.

While the exact reasons behind the downgrade were not explicitly stated in the news, analyst downgrades can often lead to a decline in investor sentiment and increased selling pressure, particularly in the short term.

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(SNOW) saw its stock price plummet 5.02% on Wednesday's intraday trading session. The drop can be attributed to a recent analyst downgrade from Wedbush Securities.</p>\n\n<p>According to reports, Wedbush analyst Dan Ives downgraded Snowflake from Outperform to Neutral, while maintaining a price target of $190. 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