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0.00112393996098257 -3.9415535294884E-05 0.00075645976828442 -0.00394155352948206 -0.00119441016044914 -0.00181152207668118 0.0102719273798622 0.0103913683959071
Stock impact report

Is Snowflake Stock Still A Buy After Rallying 30% Last Month? [Forbes]

Snowflake Inc. Class A (SNOW) 
Last snowflake inc. class a earnings: 5/4 06:30 am Check Earnings Report
Company Research Source: Forbes
UKRNE - 2021/03/12: In this photo illustration the Snowflake Inc. logo of a US cloud-based... [+]data-warehousing company is seen on a smartphone and a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)Snowflake stockSnowflake stock trades at a relatively high 65x projected FY'22 revenue. However, we still think the stock still has a lot going for it, considering that -based data warehousing is clearly the future, as organizations continue to transition from on-premise systems to the cloud, which is more cost-effective and scalable. Snowflake's offering is seen as best in class, offering more flexibility compared to rival products from Amazon, Google, and Microsoft. Revenues are projected to grow at around 85% this fiscal year and by about 65% for next year, per consensus estimates. Longer-term growth should also hold up, as Snowflake estimates its total current addressable market at over $80 billion. That's about 70x its projected FY'22 sales. A Show less Read more
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