Snowflake positioned at the forefront of a multi-year data investment cycle, earning UBS upgrade

  • Snowflake Inc (NYSENOW) might already be up 35% this year, but UBS says there's still plenty of runway ahead. The firm upgraded the data cloud company to Buy from Neutral, lifting its 12-month price target to US$265 from US$210—about 27% above where shares closed at US$209.15.