Snowflake Stock Lands Pre-Earnings Upgrade

Snowflake Inc (NYSE:SNOW) stock was last seen 3% higher at $193.50 in pre-market trading, after Wolfe Research upgraded its rating to "outperform" from "peer perform" with a price target of $235. The analyst cited improving consumption trends, a better competitive environment among hyperscalers, and strong product momentum ahead of the cloud company's fourth-quarter earnings on Feb. 26. Fresh off its seventh consecutive weekly gain, SNOW already boasts a 21.5% year-to-date lead. The equity has added 48.9% o ...