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Why Snowflake Stock Soared Today

TheMotleyFool

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Why Snowflake Stock Soared TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/8b396c5d-cf01-4937-89c4-91ad2f28f1ee.png

Shares of Snowflake (NYSE: SNOW) surged on Friday following bullish analyst commentary. As of 3:20 p.m. EDT, the software maker's stock's price was up more than 10%.

Goldman Sachs analyst Kash Rangan boosted his rating on Snowflake's stock from neutral to buy. He sees the enterprise software maker's share price rising roughly 32% to $275.

Snowflake's share owners could enjoy sizable gains, according to Goldman Sachs' analysts. Image source: Getty Images.

Source Fool.com

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