Analyst Bio:
Snowflake shares are trading sharply higher after Rosenblatt Securities analyst Blair Abernathy made an upbeat call on the fast-growing cloud-based provider of data- warehousing software.
He lifted his rating on the stock to Buy from Neutral, setting a target of $285 for the stock price, implying a potential gain of almost 34% from Mondays’ close. On Tuesday morning, Snowflake was up 5.5%, to $224.26.
