🟢 Snowflake is trading 4.6% up today as Wells Fargo sets Wall Street-high $500 price target

Snowflake is trading 4.6% up at $296.00 in after-hours trading following a significant price target hike from Wells Fargo.

• Wells Fargo reiterated its Overweight rating and lifted its price target to $500 from $320, currently the highest target on Wall Street.
• Analysts highlighted the company's massive AI-driven growth potential as the primary catalyst for the upgraded outlook.
• The bullish move allows the stock to show notable strength and decouple from a broadly weaker overall market.