Snowflake Stock Rallies After Analyst Hikes Price Target
Snowflake (SNOW) stock rallied Wednesday on positive analyst commentary from UBS.UBS analyst Karl Keirstead raised his price target for Snowflake stock to 310 from 285 while reiterating a buy rating, through a note to clients late Tuesday. Snowflake stock rose more than 5% to 248.71 on the stock market today. Shares of the cloud-based data software provider have gained more than 60% year to date.Keirstead offered the analysis of Snowflake after attending a customer event last week hosted by the company, as ...