$Snowflake(SNOW.US)$$Global-E Online(GLBE.US)$Goldman Sachs Adds to US Conviction List SNOW’s new CEO’s strategy to accelerate product development will increase velocity and customer consumption which will culminate in a rare combination of fast top-line growth and high free cash margins that SNOW’s current valuation does not reflect.
Snowflake$Snowflake(SNOW.US)$made it onto Goldman Sachs' July "Conviction List." Its analyst believes Snowflake's new CEO can turn around the stock's fortunes. Prior to the note, Snowflake had trended down this year towards its 2020 IPO price. Shares of cloud-based data lake provider Snowflake (SNOW 4.85%) were in rally mode Monday even on a rather muted day for many tech stocks. Shares were up 4.8% as of 1:30 p.m. EDT. Snowflake's outperformance is l...