Snowflake a Buy on Generational Shift to the Cloud: Goldman

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.