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Benzinga

Business

Adam Eckert

Why Snowflake Stock Is Rising

SNOW Snowflake JPMorgan Snowflake Inc Mark Murphy

Snowflake Inc (NYSE:SNOW) shares are trading higher Thursday following bullish analyst coverage from JPMorgan.

JPMorgan analyst Mark Murphy upgraded Snowflake from a Neutral rating to Overweight and announced a $165 price target, citing a surge in the company's standing based on annual CIO survey results. Murphy's price target suggests about 30% upside from Wednesday's closing price.

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