Snowflake could 'rerate' after Databricks' new funding round, Jefferies says
Seeking Alpha ·
After competitor Databricks raised new funding that valued it at $188B, data warehousing giant Snowflake ( SNOW ) could see its share “rerate” higher, Jefferies said. “There were no fresh financial disclosures alongside the raise, but recall that as of mid-June, Databricks indicated that
AI 시장 분석
An analysis suggests that competitor Databricks completing a new funding round at a valuation of $188 billion will create a positive re-rating opportunity for Snowflake (SNOW) stock. This investment is acting as a catalyst to boost market value across the data warehouse and cloud data sectors. Investors should pay attention to whether the valuation increase of industry peers can lead to a rebound in Snowflake's stock price.
상승 영향
- Cloud — Competitor Databricks' $188 billion valuation could drive multiple expansion across the cloud data sector and lead to a re-rating of Snowflake's stock price.
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