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

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…

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