** Brokerage Morgan Stanley assumes coverage on cloud firm Snowflake SNOW.N with an "overweight" rating and a $262 PT
** PT implies a 23% upside to the stock's last close
** Shares of SNOW rise 2.1% to $218.25 premarket on Tues
** Brokerage says under new CEO Sridhar Ramaswamy, SNOW has become a faster innovator and better executor, stabilizing its core business and accelerating growth
** Brokerage believes the company is positioned for long-term growth from rising AI demand and expanding into data engineering, with product revenue expected to grow over 20% per year through 2030
** Recent product launches in data engineering and AI/ML are gaining traction, and customer growth remains strong, setting up future revenue acceleration- brokerage
** "Snowflake has found its identity and has settled on a strategy on how it will successfully capitalize on the $300+ billion market opportunity" - Morgan Stanley
** As of last close, SNOW stock up 38.4% YTD
(Reporting by Padmanabhan Ananthan)
((Padmanabhan.Ananthan@thomsonreuters.com))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。