Zacks.com users have recently been watching Snowflake (SNOW) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
The latest trading day saw Snowflake Inc. (SNOW) settling at $210.54, representing a +2.32% change from its previous close.
Snowflake SNOW and Oracle ORCL are leading the shift as enterprises modernize data infrastructure to meet the demands of large-scale AI workloads. Snowflake offers a cloud-native architecture with strong scalability, cross-cloud flexibility and integrated AI tools like Cortex AI and Snowpark.
Recently, Zacks.com users have been paying close attention to Snowflake (SNOW). This makes it worthwhile to examine what the stock has in store.
Snowflake Inc. (SNOW) concluded the recent trading session at $223.84, signifying a +1.62% move from its prior day's close.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Snowflake posts strong growth and bullish trends, but a lofty P/S ratio raises questions on upside potential.
Shares of cloud-based storage solutions provider Snowflake Inc. (NYSE: SNOW) slipped 0.68% over the past month following a surge of 6.56% the month prior.
Snowflake Inc. (SNOW) closed at $212.25 in the latest trading session, marking a -1.58% move from the prior day.
SNOW's growing enterprise base and rising RPO are supported by strong AI momentum.
Not every AI stock is blasting off to new highs, and that's good news for growth investors who are looking to land relative value in the space.