1. After its recent decline, Snowflake is upgraded to a buy rating with a $154 price target, representing a 35% upside from current levels. 2. SNOW is currently trading at an opportune valuation of less than 8x forward revenue, while many software peers with similar growth profiles are still trading at a low/mid-teens multiple. 3. Revenue growth remains strong in the high-20s, and the company has seen promising additions of new clients and revenue retention rates.