NYSE:SNOW
Snowflake (SNOW)
334.37
+11.39 (3.53%)
as of Sep 16, 2026, 3:57:18 pm Market Open.
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Technical Analysis 0
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BUY ON WEAKNESS
What he calls one of 15 Red Hot stocks: unstoppable growth stocks with a sky-high valuation (30-100x sales, not earnings)
It went public last month. It trades at 120x this year's sales or 64x 2021. Has a great business and it offers tripled-digit revenue growth, but this has been sideways since it IPOd. This could plummet to $144, and bounce back, but he doubts because it's the most- user friendly cloud analytics and business intelligence tool out there. Overall, he likes it.
Technology
WATCH
Allan Tong’s Discover Picks Last week, this instantly became the biggest software IPO in history. After upping its share price to $120, the cloud stock rose during its debut as high as $254 and raised $3.4 billion after day one. (All figures are USD.) Fuelling the buying frenzy were Snowflake's numbers: its 2020 fiscal year (ending Jan. 31) boasted sales of $264.7 million which represented 174% year-over-year growth. More recently, Q2 sales grew by 121% YOY with a net retention rate of 158%. Read Snowflake Stock and Nuvei Stock Suddenly Among the Top Tech Stocks to Watch for our full analysis.
Stockchase DiscoverOwned
Technology
COMMENT
It IPOs next week and is a cloud-based data warehousing company. Berkshire Hathaway and Salesforce will each buy $250 million of stock. The CEO has a great track record in Silicon Valley; Snowflake is the CEO's third company he's taken public. He sees a lot of demand in Snowflake, so should IPO well. He's conflicted, because the IPO may be too red hot and overbought. He'll know more about this company next week.
Technology
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We don't know how to value recent IPOs like Snowflake. It's a disruptor of cloud computing. The CEO has a great track record of launching young companies. It's losing a lot of money, but also boasts 119% revenue growth, the highest in this category. This could have huge upside if the CEO executes (compare to Tesla's history).