Why Snowflake Stock Surged Today

Shares of Snowflake (NYSE: SNOW) jumped 6.3% on Monday, following positive analyst commentary.

Morgan Stanley analyst Keith Weiss upgraded his rating on Snowflake's stock from equal weight to overweight. He now sees the software star's shares climbing to $390, up from his previous forecast of $344. 

If Weiss is correct, shareholders could enjoy gains of roughly 33% from Snowflake's current price near $293.

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Source Fool.com