Is Snowflake a good investment?

Is it worth buying snowflake stock?

Snowflake’s growth is still impressive, but its growth is decelerating, its stock is incredibly expensive, and its long-term forecast is too optimistic. I’d consider buying Snowflake if it gets cut in half during a market crash, but I’m not interested in chasing its post-earnings gains.

Is Snowflake a long-term buy?

In total, Snowflake has 4,990 customers, with 116 of those bringing in 12-month product revenue of more than $1 million each. With a strong bull case, Snowflake is demonstrating its potential to grow as a company and present a great long-term investment.

What is the prediction for Snowflake stock?

Stock Price Forecast

The 24 analysts offering 12-month price forecasts for Snowflake Inc. have a median target of 326.00, with a high estimate of 515.00 and a low estimate of 275.00. The median estimate represents a -7.84% decrease from the last price of 353.75.

Why is Snowflake so valuable?

Snowflake’s platform enables the Data Cloud, a global network where thousands of organizations mobilize data and eliminate data silos. A lot of big tech companies are already Snowflake customers, to accelerate application development and data science projects.

Is SNOW a buy now?

Is Snowflake Stock A Buy Right Now? Snowflake stock still trades at a substantial premium as a multiple of forward-looking revenue growth. SNOW stock holds an IBD Composite Rating of 62 out of a best possible 99, according to IBD Stock Checkup.

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Can you buy snowflake stock?

Snowflake shares are listed on the New York Stock Exchange under the symbol SNOW. Investors can purchase shares using any online or traditional brokerage. This includes trading platforms such as Robinhood and Webull as well as the likes of Charles Schwab, E*Trade, Fidelity and Vanguard Brokerage Services.

Why snowflake stock is going up?

Snowflake stock (NYSE: SNOW) has rallied by almost 36% from its lows of about $190 per share seen in mid-May. The rally comes on the back of a more positive outlook from brokerage analysts and the robust Q1 FY’22 earnings, which saw the company report a 110% year-over-year growth in product revenues.