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Snowflake Gets Hit With Sell Rating After Spectacular Debut

Snowflake Gets Hit With Sell Rating After Spectacular Debut

Snowflake (NYSE: SNOW) had a rather impressive debut last week following the cloud-based data warehousing company's IPO. The investor enthusiasm is palpable, and the gains were primarily driven by retail investors as opposed to institutional players, according to Axios. Summit Insights has initiated coverage on Snowflake with a sell rating and $175 price target.