Previous Close | 136.53 |
Open | 136.49 |
Bid | 134.62 x 1000 |
Ask | 134.80 x 900 |
Day's Range | 134.42 - 137.85 |
52 Week Range | 110.26 - 246.52 |
Volume | |
Avg. Volume | 5,618,661 |
Market Cap | 43.321B |
Beta (5Y Monthly) | 0.75 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -2.53 |
Earnings Date | May 23, 2023 - May 29, 2023 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 180.77 |
The U.S. Federal Reserve increased the benchmark interest rate by 25 basis points from 4.75% to 5% on March 21. Historically, most stock market corrections have been followed by a bull rally. Hence, it makes sense to pick up shares of high-quality businesses such as Snowflake (NYSE: SNOW) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), that have the potential to grow rapidly during a bull rally.
Data company Snowflake (NYSE: SNOW) went public in September 2020. At the time, management said it had a market opportunity of $81 billion. The story of how Snowflake's market opportunity tripled in under three years is worthy of investors' attention.
The average brokerage recommendation (ABR) for Snowflake Inc. (SNOW) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?