Market analysis by Gareth Soloway: S&P 500 rally on lower yields, MRVL reversal, Snowflake short-squeeze, Bitcoin ...
HSBC upgraded Snowflake to Buy with a $289 price target, citing AI monetization through Cortex AI, CoCo adoption, and margin expansion after a strong earnings beat.
We maintain our fair value estimate of $187 per share for Snowflake SNOW after it reported second-quarter earnings slightly above our expectations. The firm is showing all the signs of healthy results ...