Snowflake Inc. (SNOW) PT Lowered to $165 at JPMorgan

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Go back to Snowflake Inc. (SNOW) PT Lowered to $165 at JPMorgan

Snowflake (SNOW) Stock Surges on Canaccord Upgrade to Buy After Analyst Day

June 15, 2022 8:59 AM EDT

Shares of Snowflake (NYSE: SNOW) are up almost 4% in pre-market after Canaccord Genuity analyst David Hynes upgraded to Buy from Hold.

The analyst sees an opportunity to step up amid a sharp selloff in SNOW shares, which are down over 60% YTD. The upgrade move comes after attending the companys Analyst Day.

This is a business that we expect should sustain growth rates in the 35-40%+ range over the next few... More