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2021-06-11

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Snowflake stock pops after Goldman upgrade on 'generational shift'

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SolarWinds(NYSE:SWI)and Dropbox(NASDAQ:DBX)&nbsp;were both started at Sell with price targets of $16 and $26, respectively.</p>\n<p>Snowflake shares are&nbsp;up 7.25%&nbsp;to $201.88.</p>\n<p><img src=\"https://static.tigerbbs.com/31526cb2a7f0f0d5132b98680a5c0a05\" tg-width=\"769\" tg-height=\"564\"></p>\n<p>In March, Snowflake received a bullish start from Evercore on itslong-term growth prospects.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Snowflake stock pops after Goldman upgrade on 'generational shift'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSnowflake stock pops after Goldman upgrade on 'generational shift'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 22:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3696629-snowflake-stock-pops-after-goldman-upgrade-on-generational-shift><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With the valuation improved and the company \"well positioned to capitalize on a generational shift,\" Goldman Sachs upgrades Snowflake(NYSE:SNOW) from Neutralto Buy and raises the price target from $...</p>\n\n<a href=\"https://seekingalpha.com/news/3696629-snowflake-stock-pops-after-goldman-upgrade-on-generational-shift\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3696629-snowflake-stock-pops-after-goldman-upgrade-on-generational-shift","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1103478451","content_text":"With the valuation improved and the company \"well positioned to capitalize on a generational shift,\" Goldman Sachs upgrades Snowflake(NYSE:SNOW) from Neutralto Buy and raises the price target from $270 to $275.\nThe firm sees Snowflake well positioned for the \"shift of data and analytics to the cloud\" with \"strong secular tailwinds including cloud adoption, big data, AI/ML, and secure data sharing.\"\nGoldman expects the tailwinds to \"drive durable growth for the foreseeable future.\"\nThe upgrade comes as part of Goldman's software coverage expansion, which also initiated MongoDB(NASDAQ:MDB) at Buy and a $310 price target. 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