Snowflake a Buy on Generational Shift to the Cloud: Goldman
- Date: 14-May-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Snowflake a Buy on Generational Shift to the Cloud: Goldman
By Dhirendra Tripathi
Investing.com – Snowflake (NYSE:) shares rose more than 8% Friday after Goldman Sachs (NYSE:) raised its rating to buy.
Analyst Kash Rangan also raised the price target to $275 per share from $270. That’s a near 35% hike from the stock’s current level of $204.