Why Snowflake Inc. Stock Is Moving Up
Portfolio Pulse from Erica Kollmann
Snowflake Inc. (NYSE:SNOW) shares are trading higher after DA Davidson initiated coverage on the stock with a Buy rating and a $200 price target. The firm describes Snowflake as the best-in-class cloud data warehouse provider and believes it is well-positioned to capitalize on the AI trend. Needham analyst Mike Cikos also reiterated a Buy rating for Snowflake with a $216 price target.
September 08, 2023 | 5:59 pm
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Snowflake Inc. received a Buy rating from DA Davidson with a $200 price target, indicating positive sentiment towards the stock. The firm's belief in Snowflake's potential to capitalize on AI trends could drive further investor interest.
The Buy rating from DA Davidson, along with a price target of $200, indicates a positive outlook for Snowflake Inc. This, coupled with the firm's belief in Snowflake's potential to capitalize on AI trends, could drive investor interest and potentially lead to a short-term increase in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100