Snowflake stock slides after Barclays downgrade, putting SNOW’s valuation debate back in play
Snowflake Inc shares hovered near $209 in premarket trading Wednesday after a 4.94% drop Tuesday, following a Barclays downgrade to Equal-Weight and a price target cut to $250. The stock fell from a previous close of $220.28, trading as low as $207.50 amid a broader tech retreat. Snowflake reports earnings Feb. 25.