Why Are Snowflake Shares Trading Higher Monday?
Why Are Snowflake Shares Trading Higher Monday?
Snowflake Inc. (NYSE:SNOW) shares saw a notable uptick Monday after Goldman Sachs reiterated its Buy rating and added the company to its Conviction List.
高盛重申买入评级并将Snowflake公司加入其特选名单后，Snowflake股票周一出现显着上涨。
What's Going On: Analyst Kash Rangan, maintaining a price target of $220, emphasized Snowflake's potential in the evolving landscape of cloud software and data analytics.
发生了什么：分析师Kash Rangan坚持$220的价格目标，强调了Snowflake在云软件和数据分析不断发展的领域中的潜力。
Rangan highlighted Snowflake's strategic position in data storage and analytics, crucial for advancing the AI Revolution into its next phases, including platform and application development.
Rangan强调了Snowflake在数据存储和分析方面的战略地位，这对于将人工智能革命推进到下一阶段的平台和应用开发非常重要。
What Else: Rangan's analysis underscores Snowflake's new CEO's strategy to accelerate product development, anticipating it will drive increased customer adoption and revenue growth. He forecasts a rare combination of robust top-line growth exceeding 30% over time, paired with strong free cash margins, which he believes current market valuations do not fully capture.
其他信息：Rangan的分析强调了Snowflake新任CEO加速产品开发的策略，预计这将推动增加客户采用和营业收入增长。他预测，稳定的销售收入增长率将在未来超过30％，并伴随着强劲的自由现金流边际，他认为目前市场估值还没有完全反映出这一点。
Snow Price Action: Snowflake shares were up by 5.13% at $142.11 according to Benzinga pro.
Snowflake股价根据Benzinga Pro数据显示，上涨了5.13％至142.11美元。
Photo via Shutterstock
图片来自shutterstock。