Truist Securities Starts Snowflake Inc. (SNOW) at Buy

October 12, 2020 5:45 AM EDT
Get Alerts SNOW Hot Sheet
Price: $249.40 +1.58%

Rating Summary:
    13 Buy, 13 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 15 | Down: 13 | New: 24
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Truist Securities analyst Joel Fishbein Jr. initiates coverage on Snowflake Inc. (NYSE: SNOW) with a Buy rating and a price target of $350.00.

The analyst comments "As customers continue to choke on data and legacy providers continue to struggle with volumes of data, SNOW has come to market with transformational technology at the intersection of several secular tailwinds. SNOW is addressing an acute problem and redefining the monetization of data, as legacy providers are unable to deal with complex IT environments. In our opinion, SNOW's patented architecture will be the industry standard for data pipelines, data warehousing, data lakes, data application development, and for building data exchanges to easily and securely share governed data."

For an analyst ratings summary and ratings history on Snowflake Inc. click here. For more ratings news on Snowflake Inc. click here.

Shares of Snowflake Inc. closed at $246.00 yesterday.

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