Montana-based data warehousing company, Snowflake Inc. (SNOW), is trading 5% higher during the early trading session of Wednesday after the management of the company announced that the revenue has the potential to reach $10 billion annually by the end of the decade.
The company also said that it is prepared to expand into other avenues such as security and supply-chain management systems. Analysts have also upgraded the stock following the conference.
Currently, the stock is trading at $118.51, up $4.64 or 4.07% since the previous close at $113.87. The stock opened at $118.65 in the morning. The shares have ranged between $110.26 and $405.00 in 52 weeks, dropping 52% in the process.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.