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Snowflake Stock Will Pay Off in the Long Run, Analyst Says


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Snowflake stock on Friday picked up the second bullish analyst endorsement this week, as Evercore ISI analyst Kirk Materne initiated coverage of the cloud-based data-warehouse software company with an Outperform rating and $311 target.

On Tuesday, UBS analyst Karl Keirstead launched coverage with a Buy rating on Snowflake (ticker: SNOW) stock and $275 target.

“There...