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blue-chip

One Internet Services & Infrastructure Stock Near Resistance Levels – SNOW

Nov 22, 2024 | Team Kalkine
One Internet Services & Infrastructure Stock Near Resistance Levels – SNOW
Image source: shutterstock

SNOW:NYSE
Investment Type
Large-cap
Risk Level
Action
Rec. Price (US$)

Snowflake Inc. (NYSE: SNOW) 

Snowflake Inc. (NYSE: SNOW) empowers organizations to leverage their data through its Data Cloud platform. The platform enables customers to centralize their data into a unified source of truth, unlocking valuable business insights, utilizing artificial intelligence (AI) to address challenges, creating data applications, and sharing data and products. Snowflake's platform supports a variety of workloads, including data warehousing, data lakes, data engineering, AI and machine learning (ML), application development, collaboration, cybersecurity, and Unistore.

Key Recommendation Rationale – Sell at USD 176.80

Valuation Methodology: Price/ Earnings Approach

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