Why Snowflake Rallied Today to Start July

Snowflake made Goldman's July "Conviction List."Shares of cloud-based data lake provider Snowflake (SNOW 5.08%) 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 likely due to a positive note issued by analysts at Goldman Sachs, who added the stock to the firm's "Conviction List" today.Goldman likes Snowflake's entry point and innovation pipelineGoldman analyst Kash Rangan added Snowflake's stock to the firm's "Co ...