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Snowflake stock gets a boost from Jefferies upgrade

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Yahoo Finance Live anchors discuss Snowflake stock after Jefferies upgraded shares.

Video Transcript

BRIAN SOZZI: OK, before we head to break, let's pull up a Yahoo Finance chart of cloud player Snowflake. Shares have tanked 57% this year, but are getting a boost today on an upgrade to buy from Jefferies analyst Brent Thill. Thill says the valuation on Snowflake looks compelling and adds this. Stick with the story over the long-term, given its large end markets and plenty of room to double its value while growing into a reasonable multiple.