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Why Snowflake Stock Surged Today

TheMotleyFool

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Shares of Snowflake (NYSE: SNOW) popped 8.3% Friday, following bullish analyst remarks.

Evercore analyst Kirk Materne placed an outperform rating on Snowflake's stock. He sees the data warehousing specialist's shares climbing to $311, or more than 32% higher than their current price of $235.

Snowflake's shareholders could be in for handsome gains, according to Evercore's analysts. Image source: Getty Images.

Source Fool.com

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