Snowflake draws bullish calls from Wall Street, though some analysts say stock is fully valued

  • At least 19 investment banks initiated coverage of Snowflake on Monday, with price targets ranging from $214 to $350.
  • The stock rose 2.5% to close at $243.97.
  • Analysts agree that Amazon, Microsoft and Google are Snowflake’s top competitors, but they have differing views on how much of a threat those companies pose.



Frank Slootman wearing a suit and tie: Frank Slootman, CEO of Snowflake Inc. on Sept. 16th, 2020.


© Provided by CNBC
Frank Slootman, CEO of Snowflake Inc. on Sept. 16th, 2020.

Less than a month after Snowflake debuted on the stock market with the biggest software IPO in history, Wall Street analysts are rushing to make predictions on the cloud database company, which is already valued at over $67 billion.

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At least 19 analysts initiated coverage of Snowflake on Monday following the post-IPO quiet period, according to reports collected by CNBC.

Among the nine buy ratings, the most bullish prediction came from Truist, which gave Snowflake a price target of $350, or 47%

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Performance tech company Hyperice attracts slew of star athlete-investors, valued at $700 million

  • Hyperice CEO Jim Huether told CNBC the firm raised $48 million in its latest round at a $700 millon valuation. 
  • The Series A funding round added star athlete-investors, including Los Angeles Lakers forward Anthony Davis and tennis star Naomi Osaka.



a group of people playing a game of basketball: Anthony Davis #3 of the Los Angeles Lakers shoots the ball against the Miami Heat during Game Four of the NBA Finals on October 6, 2020 at AdventHealth Arena in Orlando, Florida.


© Provided by CNBC
Anthony Davis #3 of the Los Angeles Lakers shoots the ball against the Miami Heat during Game Four of the NBA Finals on October 6, 2020 at AdventHealth Arena in Orlando, Florida.

Performance technology company Hyperice has completed a Series A funding round for $48 million, which puts the firm at a $700 million valuation, CEO Jim Huether told CNBC this week.

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The funding round includes a list of prominent athlete-investors, including National Basketball Association stars Anthony Davis, Chris Paul, Russell Westbrook, DeAndre Jordan and new Philadelphia 76ers coach Doc Rivers.Tennis star Naomi Osaka, who won the 2020 U.S. Open, is also an investor.

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Morgan Stanley buying Boston-based Eaton Vance in deal valued at $7B

NEW YORK (AP) — Morgan Stanley is buying the investment management firm Eaton Vance in a deal valued at about $7 billion.

Eaton Vance, based in Boston, has over $500 billion in assets under management.

Morgan Stanley Chairman and CEO James P. Gorman said in a prepared statement Thursday that Eaton Vance will add more fee-based revenues to its investment banking and institutional securities franchise. The deal will give Morgan Stanley’s investment management arm approximately $1.2 trillion of assets under management and more than $5 billion of combined revenues.

Eaton Vance shareholders will receive $28.25 per share in cash and 0.5833 of Morgan Stanley common stock, or approximately $56.50 per share. Based on the $56.50 per share, the amount paid to Eaton Vance shareholders will consist of about 50 percent cash and 50 percent Morgan Stanley common stock.

Each Eaton Vance shareholder will have the option to choose all cash

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Science More Highly Valued by UK Due to COVID-19

Science more highly valued by UK public due to COVID-19, but barriers to STEM education threaten future scientific development

BRACKNELL, UK / ACCESSWIRE / October 6, 2020 / Science and scientists have gained a renewed level of significance in the minds of the UK public due to COVID-19, according to new research released today from 3M, the science-based technology company.

In its 2020 State of Science Index (SOSI), conducted before and during the height of the pandemic, scepticism of science has declined amongst Britons for the first time in three years from 40 per cent pre-pandemic to 29 per cent today – representing one of the biggest declines of all countries surveyed in this annual global study.

As a result of COVID-19, three out of four (77 per cent) are now more likely to believe that science plays a critical role in solving public health crises and 92 per cent

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Science More Highly Valued by UK Due to COVID-19 – Press Release

Science more highly valued by UK public due to COVID-19, but barriers to STEM education threaten future scientific development

BRACKNELL, UK / ACCESSWIRE / October 6, 2020 / Science and scientists have gained a renewed level of significance in the minds of the UK public due to COVID-19, according to new research released today from 3M, the science-based technology company.

In its 2020 State of Science Index (SOSI), conducted before and during the height of the pandemic, scepticism of science has declined amongst Britons for the first time in three years from 40 per cent pre-pandemic to 29 per cent today – representing one of the biggest declines of all countries surveyed in this annual global study.

As a result of COVID-19, three out of four (77 per cent) are now more likely to believe that science plays a critical role in solving public health crises and 92 per cent

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Monzo offers most valued mobile banking tools among UK neobanks

  • This is a preview of Business Insider Intelligence’s inaugural annual UK Neobank Competitive Edge Study, available exclusively to Enterprise subscribers.
  • In addition to mobile banking coverage, Insider Intelligence publishes thousands of research reports, charts, and forecasts on the banking industry. You can learn more about becoming a client here.

Monzo offers the most sought-after mobile banking tools among the UK’s largest neobanks in 2020, according to Business Insider Intelligence’s inaugural UK Neobank Competitive Edge Study. 

The UK is home to some of the world’s largest and most advanced digital-only challenger banks, led in user count by Starling Bank, Monese, Revolut, and Monzo.

In the past few years, these banks have grown to over a million users each, putting them in competition with the nation’s largest banks and building societies. One of the key factors behind neobanks’ rapid growth is their advanced mobile feature sets. 

Business Insider Intelligence’s 2020 UK Neobank

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