Citi sees another upside of 28% ahead for shares of Snowflake.
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The Wall Street investment bank is growing bullish on Snowflake ahead of next week's earnings update.
In a Tuesday note, the bank maintained its buy rating on the cloud computing stock and raised its price target.
Shares have advanced nearly 19% so far this week alone. The firm's second-quarter earnings and revenue surpassed analyst…
Cloud growth has been a widely watched metric for the company as rivals such as Google and Microsoft ramp up the pressure.
Wells Fargo believes that Zscaler could reach an annual recurring revenue of $5 billion by fiscal year 2027.
The investment firm upgraded cloud name to overweight from neutral.
