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

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https://www.barrons.com/articles/snowflake-stock-price-upgrade-51655990037

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

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Shares of Snowflake were spiking Thursday after the stock received an upgrade to Overweight at J.P. Morgan.

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

Murphy’s upgrade was based on the results of J.P. Morgan’s annual chief information officer survey,…

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