Snowflake upgraded despite facing a ‘mountain of challenges’

Snowflake upgraded despite facing a ‘mountain of challenges’

Snowflake (SNOW) shares were upgraded to Neutral from Sell at Guggenheim Securities. Analyst John DiFucci says the cloud-based data company is still facing a “mountain of challenges,” but his discussions with customers were positive, and he says the company remains a “valuable asset.”

Yahoo Finance’s Josh Lipton and Julie Hyman discuss the note in the video above.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

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