Snowflake Stock Is Upgraded. It’s a Favorite Among CIOs, Analyst Says.

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Updated June 23, 2022 10:30 americium ET / Original June 23, 2022 9:14 americium ET

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Shares of Snowflake were spiking Thursday aft the banal received an upgrade to Overweight astatine J.P. Morgan.

Analyst Mark Murphy raised his standing for Snowflake (ticker: SNOW) to Overweight from Neutral and maintained a $165 terms target.

Murphy’s upgrade was based connected the results of J.P. Morgan’s yearly main accusation serviceman survey,...

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