Snowflake's stock price surged 5.13% during intraday trading on Friday, reflecting significant investor optimism.
The price movement appears to be driven by a positive analyst report from Bank of America Securities, which maintained a Buy rating on Snowflake with a price target of $275. The report highlighted that Snowflake's acquisition of TensorStax strengthens its AI Data Cloud strategy, providing a catalyst for the stock's upward movement.
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