Why Snowflake Stock Soared to a New All-Time High Today

Joe Tenebruso, The Motley Fool
·1-min read
Why Snowflake Stock Soared to a New All-Time High Today

Shares of Snowflake (NYSE: SNOW) surged 14% to a record closing high of $387.70 on Friday, furthering the cloud data specialist's gains since reporting earnings earlier in the week. Snowflake's first earnings release since its initial public offering (IPO) in September was solid. On Thursday, analysts at Goldman Sachs, Deutsche Bank, and several other investment firms hiked their price targets for its shares.