Snowflake Analysts Remain Overweight: Potential Growth Despite Iceberg Adoption Concerns

Benzinga ·  May 17 01:47

Piper Sandleranalyst Brent A. Bracelin attended Virtual Iceberg Summit 2024 sessions over the last two days with data architects and engineers fromApple Inc(NASDAQ:AAPL), ByteDance,CrowdStrike Holdings, Inc(NASDAQ:CRWD),EBay Inc(NASDAQ:EBAY),Alphabet Inc(NASDAQ:GOOGL) Google,International Business Machines Corp(NYSE:IBM),Microsoft Corp(NASDAQ:MSFT) LinkedIn,Netflix Inc(NASDAQ:NFLX),Pinterest Inc(NYSE:PINS), Tencent, andUber Technologies, Inc(NYSE:UBER).

Bracelin reiterated an Overweight rating onSnowflake Inc(NYSE:SNOW) with a price target of $240.

From his standpoint, the industry takeaways were that Iceberg adoption is still nascent, less than 200 attendees per session...

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment