Why Snowflake Stock Is White Hot Today
Shares of 2020 IPO and cloud-based data storage and analytics service Snowflake (NYSE: SNOW) are up a solid 3.7% as of 12:50 p.m. ET Wednesday. You can thank Barclays Capital for that. As StreetInsider.com reports, Barclays upgraded Snowflake stock to "overweight" this morning even as it rolled back its price target on the shares to $367.