Snowflake recently delivered one of its strongest quarters in years, prompting Wall Street to take notice.
In an investor note shared with me, Morgan Stanley ***** yst Sanjit Singh raised his price target on the cloud data company to $470 from $300, keeping his "Overweight" rating intact.
Valued at a market cap of $106 billion, SNOW stock is priced at $356 at the time of writing. Over the last three years, SNOW stock has more than doubled.
A higher stock price target comes after Snowflake posted its third straight quarter of accelerating revenue growth, a trend that's rare for a company of its size.
Singh called it "an AI-powered growth flywheel that is still in the early innings."
#snowflake #snow #years #target
In an investor note shared with me, Morgan Stanley ***** yst Sanjit Singh raised his price target on the cloud data company to $470 from $300, keeping his "Overweight" rating intact.
Valued at a market cap of $106 billion, SNOW stock is priced at $356 at the time of writing. Over the last three years, SNOW stock has more than doubled.
A higher stock price target comes after Snowflake posted its third straight quarter of accelerating revenue growth, a trend that's rare for a company of its size.
Singh called it "an AI-powered growth flywheel that is still in the early innings."
#snowflake #snow #years #target
5 days ago
