Previous Close | 3.3000 |
Open | N/A |
Bid | 1.6700 |
Ask | 1.7500 |
Strike | 95.00 |
Expire Date | 2023-07-21 |
Day's Range | 3.3000 - 11.8000 |
Contract Range | N/A |
Volume | |
Open Interest | 258 |
The average of price targets set by Wall Street analysts indicates a potential upside of 33.6% in Snowflake Inc. (SNOW). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Just because a company's formerly sky-high valuation is now closer to reality doesn't mean it's necessarily a bargain.
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.