TECH - How Is Snowflake Poised To Beat Expectations Ahead? This Bullish Analyst Answers | Benzinga
Shares of Snowflake Inc (NYSE: SNOW) climbed in early trading on Thursday amid chatter on Reddit around the stock valuation.
The Bozeman, Montana-based company is likely to sustain more than 20% growth, driven by continued legacy data warehouse migrations, increasing public cloud migrations, expansion of the company’s product portfolio expansion, and the use of its platform for developing and hosting GenAI workloads, according to KeyBanc Capital Markets.
The Snowflake Analyst: Eric Heath initiated coverage of Snowflake with an Overweight rating and price target of $185.
The Snowflake ...