Snowflake stock slips again after Barclays downgrade as traders look to Thursday data and next earnings
Snowflake shares fell 1.5% to $206.16 Wednesday, extending losses after Barclays downgraded the stock and cut its price target to $250, citing valuation and rising competition. Trading volume dropped sharply from the previous day. Key U.S. economic data releases are due Thursday, with Snowflake’s earnings report expected next month.