Why Are Snowflake Shares Trading Higher Monday?
Why Are Snowflake Shares Trading Higher Monday?
Snowflake Inc. (NYSE:SNOW) shares saw a notable uptick Monday after Goldman Sachs reiterated its Buy rating and added the company to its Conviction List.
高盛重申買入評級並將Snowflake公司加入其特選名單後，Snowflake股票週一出現顯着上漲。
What's Going On: Analyst Kash Rangan, maintaining a price target of $220, emphasized Snowflake's potential in the evolving landscape of cloud software and data analytics.
發生了什麼：分析師Kash Rangan堅持$220的價格目標，強調了Snowflake在雲軟件和數據分析不斷髮展的領域中的潛力。
Rangan highlighted Snowflake's strategic position in data storage and analytics, crucial for advancing the AI Revolution into its next phases, including platform and application development.
Rangan強調了Snowflake在數據存儲和分析方面的戰略地位，這對於將人工智能革命推進到下一階段的平台和應用開發非常重要。
What Else: Rangan's analysis underscores Snowflake's new CEO's strategy to accelerate product development, anticipating it will drive increased customer adoption and revenue growth. He forecasts a rare combination of robust top-line growth exceeding 30% over time, paired with strong free cash margins, which he believes current market valuations do not fully capture.
其他信息：Rangan的分析強調了Snowflake新任CEO加速產品開發的策略，預計這將推動增加客戶採用和營業收入增長。他預測，穩定的銷售收入增長率將在未來超過30％，並伴隨着強勁的自由現金流邊際，他認爲目前市場估值還沒有完全反映出這一點。
Snow Price Action: Snowflake shares were up by 5.13% at $142.11 according to Benzinga pro.
Snowflake股價根據Benzinga Pro數據顯示，上漲了5.13％至142.11美元。
Photo via Shutterstock
圖片來自shutterstock。
譯文內容由第三人軟體翻譯。