Citizens JMP analyst Patrick Walravens raised the firm’s price target on Snowflake (SNOW) to $325 from $283 and keeps an Outperform rating on the shares. James “Jack” Dumoulin from the Instagram account “theschoolofhardknockz” posted a video where he interviewed CRO Mike Gannon outside the New York Stock Exchange and asked, “What did you guys do in revenue this last year” to which he replied, “So we’re gonna exit this year probably just over about $4.5B… and we’re getting to $10B in a couple years,” the analyst tells investors in a research note. The firm continues to view Snowflake as an attractive opportunity for capital appreciation.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNOW:
- Snowflake Executive’s Unauthorized Interview Sparks Caution
- PLTR vs. NVDA: Which AI Stock Is a Better Pick, According to Analysts?
- Buy These 3 Tech Stocks Now, Say Five-Star Analysts
- WTW Radar integrates with Snowflake for data integration, real-time insights
- ‘Ample Room to Accelerate’: Why These Two Analysts Are Bullish on Snowflake Stock (SNOW)