Bullish
Swiss National Bank increases Snowflake stake by 7.1%, now holding 944,600 shares.
In the first quarter, the Swiss National Bank boosted its Snowflake holdings by 7.1%, acquiring an additional 62,600 shares to reach a total of 944,600 shares valued at approximately $142.5 million. This move reflects continued institutional confidence in Snowflake's growth prospects. Analyst sentiment remains positive, with firms like Bank of America, Mizuho, Oppenheimer, and RBC raising price targets, resulting in a consensus rating of 'Moderate Buy' and an average target price around $296.
Key points
- Swiss National Bank increases Snowflake stake by 7.1%, now holding 944,600 shares.
- Analyst sentiment remains positive, with a consensus rating of 'Moderate Buy' and an average target price around $296.
Sources
AI-generated from public news sources. Not financial advice.
