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Loop Capital upgrades Snowflake to buy, sees possible 33% rebound after stock drops more than 30%

A banner for Snowflake is displayed on its IPO day at the New York Stock Exchange on September 16, 2020. It was the largest software IPO in history and was one of eight CNBC 2020 Disruptor 50 companies to go public, and more Disruptor deals are coming soon.
Brendan McDermid | Reuters

The pressure on tech stocks in recent months has gone too far when it comes to Snowflake, according to Loop Capital Markets.

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