Snowflake can jump 33% as it gains more share in the cloud market, Raymond James say

Snowflake ‘s shares have plummeted 59.this year as rising rates threaten popular growth stocks, but Raymond James is “seeing through the whiteout.” Analyst Simon Leopold initiated coverage of Snowflake with an outperform rating, saying in a note to clients Thursday that the company is a “share gainer” and a “pure play” in the growing cloud market.

Link: Snowflake can jump 33% as it gains more share in the cloud market, Raymond James say
via http://www.cnbc.com

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