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home / news releases / SWI - Snowflake stock pops after Goldman upgrade on 'generational shift'

SWI - Snowflake stock pops after Goldman upgrade on 'generational shift'

SolarWinds Corporation
With the valuation improved and the company "well positioned to capitalize on a generational shift," Goldman Sachs upgrades Snowflake (SNOW) from Neutral to Buy and raises the price target from $270 to $275.The firm sees Snowflake well positioned for the "shift of data and analytics to the cloud" with "strong secular tailwinds including cloud adoption, big data, AI/ML, and secure data sharing."Goldman expects the tailwinds to "drive durable growth for the foreseeable future."The upgrade comes as part of Goldman's software coverage expansion, which also initiated MongoDB (MDB) at Buy and a $310 price target. SolarWinds (SWI) and Dropbox (DBX) were both started at Sell with price targets of $16 and $26, respectively.Snowflake shares are up 4.7% pre-market to $197.In March, Snowflake received a bullish start from Evercore on its long-term growth prospects.

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Snowflake stock pops after Goldman upgrade on 'generational shift'
Stock Information
Company Name: SolarWinds Corporation
Stock Symbol: SWI
Market: NYSE
Website: solarwinds.com
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