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Why Snowflake Is Gaining Today

TheMotleyFool

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Why Snowflake Is Gaining Today: https://g.foolcdn.com/editorial/images/685190/gettyimages-1125578452.jpg

Shares of Snowflake (NYSE: SNOW), a cloud-based data platform company, were rising this morning after an analyst slapped a buy rating on the company's stock. The upgrade comes after Snowflake held analyst day yesterday.

The tech stock rose by as much as 6.1% today and was up by 3.2% at 10:46 a.m. ET.

Canaccord analyst David Hynes upgraded Snowflake to a buy rating today, up from his previous hold rating for the stock. Hynes maintained his price target of $185 for the stock.

Source Fool.com

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