Goldman Sachs analysts added Snowflake to the firm’s Americas Conviction List as part of its Directors’ Cut July update. The firm sees an attractive entry point for a company that focuses on data storage and analytics. Increasing use cases for Snowflake’s data will enable the next phase of the artificial intelligence revolution – platform and eventually the application phase, the analysts tell investors in a research note. Goldman has a Buy rating on the shares with a $220 price target.
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