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Another Analyst Turns Bullish on Snowflake. Here’s Why.
Shares of Snowflake were climbing Monday after Morgan Stanley upgraded the stock, saying that investors were undervaluing the company’s durability and quality of growth. Analyst Keith Weiss rated the stock Overweight from Equal-weight, and increased his price target to $390 from $344. Since Snowflake (ticker: SNOW), which provides cloud data warehousing software, completed its public debut 16 months ago it has continued to outperform, Weiss said in a research note on Monday.
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