Buy, Sell or Hold: Snowflake (SNOW-N) — Stock Predictions at Stockchase

NYSE:SNOW

267.56

11.71 (4.19%) 1d

Showing 1 to 15 of 19 entries

BUY

Options trading Today it's sort of near its all-time highs. Today, 3,000 December $350 calls were purchased at $2.30-3.00. He loves this trade. This stock has the potential to break above $350 by week's end. He bought calls.

Technology

DON'T BUY

Why cloud computing stocks have sunk lately. In Q4, 2018, then interest rates suddenly rose, cloud stocks sank 35.5% , which was a great buying opportunity. If you bought then, those names doubled or more. Not all recovered, so buying the dip had to be selective. Unlike 2018, we have real inflation. So, a 35% decline may be the full decline of cloud stocks--but he isn't convinced, and there could be more pain. 18 of 50 cloud stocks have single-digit price-sales valuations--reasonable. Buy these that have fallen enough: Salesforce, VMware and New Relic. Trading at 8-15x sales include Coupa, Otka, Adobe. However, at 20-30x sales include Hubspot and Crowstrike, which are still too high. 30-40x sales: MongoDB and Unity, for example, also way too high. Trading above 30x sales include Snowflake and Cloudflare, also way too high, though he likes names like Snowflake. Likely, there's more downside to come before we reach the Santa Claus Rally.

Technology

PARTIAL SELL

One of his favourite companies. It's one of the most richly valued companies he follows. If your shares have run up, take some profits.

Technology

BUY

Tim Collins, a technical analysts, is bullish cloud stocks After a rough spring, it's climbed since tech bottomed in mid-May, SNOW has shown a pattern of higher highs and higher lows--a healthy rally. Buy at $310 and sell at $355. However, Collins notes the rare "parabolic stop and reverse" indicator; a PSAR stock will spike, pull back, then give a bullish reading to resume its rally. SNOW has done this nearly once a month. Collins predicts SNOW passing $400 based on this pattern, unless the Nasdaq collapses. Buy and hold, says Collins. But if SNOW breaks its floor of $310, don't buy.

Technology

BUY

A high-flyer that's grown into its big valuation. It keeps delivering strong quarters including today, plus positive guidance. He's liked this from the start.

Technology

BUY

A compelling growth story, the fastest in the market, but these growth stocks turn toxic when investors worry about inflation because these stocks about future earnings. This stock has been clobbered for months until recently when it rallied 27%. Today, they reported strong sales numbers up 110% YOY and offered solid guidance. Okay, maybe their report wasn't a blowout, so shares sold off a bit. At some point, these cloud stocks will come back into fashion and SNOW will lead.

Technology

WEAK BUY

It reports next week and is worth buying, but buy only if you believe the market will change its attitude towards high-flying growth names that don't trade on earnings, but sales.w

Technology

DON'T BUY

Loves this for its data-warehousing business. However, cloud software are sliding as reopening stocks are in fashion. This still trades at 55x sales after this sell-off.

Technology

BUY

As long as the CEO stays there, he's happy with this. Is this the right stock right now? He doesn't care.

Technology

BUY on WEAKNESS

2020 IPOs cost way too much, and now are worth buying. They are out of style and cheaper. With a triple-digit growth rate, it started trading last September at 100x sales. He got more comfortable with its valuation by Decemeber when recommended buying this at $300. Now, SNOW stock is at $229, down 25% below its opening-day trade. The fall is partially due to the recent stock rotation, but also there is no more lock-up on insider selling. Wait till this falls to just 50x sales or $190.

Technology

RISKY BUY

A higher risk in tech, but growing quickly in cloud computing. Their last quarter was amazing. Lower-risk choices are Salesforce, Adobe, Service Now and MSFT.

Technology

COMMENT

A smart data warehousing play and the fastest-growing company he follows. But if bond yields soar next week, Snowflake could shoot the lights out. A smart CEO.

Technology

PARTIAL BUY

Snowflake is a wonderful data warehouse play, the 3rd-largest IPO of 2020. They've had two lock-ups end---Dec. 15 and Jan. 7--which increased the overall float by 35% and nearly 50% respectively. But the big one comes in late March when a ton of shares flood the street--and this is a huge overhang. He likes SNOW. Buy a bit now, but then wait for the next expiration.

Technology

BUY

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).

Technology

PARTIAL BUY

Huge following in corporate America. It lets them better manage their cloud-based information. If you can, buy a quarter to a third under $250, and then add in increments every $25 down.

Technology

Showing 1 to 15 of 19 entries

Snowflake(SNOW-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 9

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 12

Stockchase rating for Snowflake is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Snowflake(SNOW-N) Frequently Asked Questions

What is Snowflake stock symbol?

Snowflake is a American stock, trading under the symbol SNOW-N on the New York Stock Exchange (SNOW). It is usually referred to as NYSE:SNOW or SNOW-N

Is Snowflake a buy or a sell?

In the last year, 12 stock analysts published opinions about SNOW-N. 9 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Snowflake.

Is Snowflake a good investment or a top pick?

Snowflake was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Snowflake.

Why is Snowflake stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Snowflake worth watching?

12 stock analysts on Stockchase covered Snowflake In the last year. It is a trending stock that is worth watching.

What is Snowflake stock price?

On 2022-01-21, Snowflake (SNOW-N) stock closed at a price of $267.56.

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