5 Trending Stocks Today

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In this article, we take a look at five stocks that are trending today. If you want to take a look at some more stocks that are in the news on Monday and the latest market situation, go to the 10 Trending Stocks Today.

5. Snowflake Inc. (NASDAQ:SNOW) has risen 7.36% as of 11:51 AM ET after the rating of the cloud-based data warehousing company was initiated by an Outperform rating with a target price of $250 by Alex Zukin at Wolfe Research. The target price reflects a potential upside of 55.3% from the previous closing price. The analyst thinks that Snowflake Inc. (NASDAQ:SNOW) has the potential to become the “fourth hyperscaler” and added that the firm is growing at a faster rate than Amazon Web Services (AWS). Zukin also stated that Snowflake Inc. (NASDAQ:SNOW) has the best management in the industry.

Out of the 924 hedge funds covered by Insider Monkey, 84 funds held a stake in Snowflake Inc. (NASDAQ:SNOW) as of Q4 2021.

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