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HSBC Upgrades Snowflake After Significant Earnings-Driven Stock Rally

HSBC has upgraded Snowflake's stock rating following a substantial rally in its share price, which occurred after the company's recent earnings report. This upgrade suggests that HSBC believes Snowflake's stock has further potential for growth despite its recent gains.

29 May, 10:28 — 29 May, 10:28
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Sources

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cnbcMostly Factual91d ago

Snowflake just had its best day ever. HSBC thinks there’s more to go

The bank upgraded the cloud computing name to buy from hold.

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Coverage Timeline

First report: cnbc · 29 May, 10:28Full coverage: 2 · 3hWindow: 3h
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cnbc29 May, 10:28First to report

Snowflake just had its best day ever. HSBC thinks there’s more to go

3h later
seeking-alpha29 May, 13:12Latest update

Snowflake upgraded at HSBC after massive earnings-led rally

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