Reported 4 months ago
Snowflake (SNOW) is currently trending on Yahoo Finance as the cloud company hosts its Data Cloud Summit, announcing news and updates. Snowflake's CEO mentioned they are open to acquisitions amidst competition from Databricks acquiring Tabular. Analysts express some skepticism despite the upbeat user conference response, with Evercore rating the stock outperform with a price target of 225. The stock has been under pressure as Snowflake focuses on innovation and A.I. products amid a challenging market, contrasting with the positive performance of the semiconductor industry.
Source: YAHOO