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SNOW - Snowflake Inc. News Story

$366.48 24.8  7.3%

Last Trade - 3:05pm

Sector
Technology
Size
Large Cap
Market Cap £78.90bn
Enterprise Value £75.96bn
Revenue £773.5m
Position in Universe 128th / 7335

BUZZ-Snowflake up after BTIG raises rating to 'buy'

Thu 30th September, 2021 12:02pm
** Shares of data warehouse firm  SNOW.N  up 2.6% at $301.60
in premarket trading - set to snap four sessions of decline
    ** Brokerage BTIG raises rating to "buy" from "neutral";
sets PT to $353
    ** Brokerage thinks SNOW is in front of a huge opportunity
in a rapidly growing data analytics software market
    ** "We think SNOW has multiple competitive advantages
against its large cloud infrastructure service provider
competitors and emerging players," says BTIG
    ** Avg. rating of 30 analysts is "buy"; median PT is $320 -
Refinitiv data
    ** As of last close, stock had risen ~4% this year

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))
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