Snowflake Inc. (NYSE: SNOW) shares traded higher Friday after retail traders pushed it higher. Several technology stocks were also trading higher as markets recovered from yesterday’s sell-off over concerns that economic recovery is slowing as the COVID-19 Delta variant spreads.
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In Q1, Snowflake (NYSE:SNOW) posted sales of $228.91 million. Earnings were up 2.59%, but Snowflake still reported an overall loss of $205.59 million. Snowflake collected $190.47 million in revenue during Q4, but reported earnings showed a $200.40 million loss.
Needham raised OrthoPediatrics Corp. (NASDAQ: KIDS) price target from $70 to $77. Vertex Pharmaceuticals shares rose 0.2% to close at $63.51 on Friday.