TECH - Why Is Snowflake Stock Trading Higher Monday? | Benzinga
Citi analyst Tyler Radke positively favored the data warehouse industry and Snowflake Inc (NYSE: SNOW).
The analyst recently attended several industry events in the cloud data management sphere, including SNOW's Data Cloud World Tour (Bay Area), Snow Day product launch (virtual), and the Databricks NYC Summit.
Radke's takeaways on the industry remain positive, with SI partner commentary indicating improved new project trends, boosted by large Hadoop migrations that are beginning to pick up.
For Snowflake, while optimizations ...