Is Snowflake stock a buy?

Snowflake has been evolving into a cloud data management platform. Whether Snowflake stock is a buy depends on fundamental and technical factors as well as each investor's own goals, strategy and risk tolerance. Third quarter earnings for SNOW stock are due Nov. 20. Analysts project adjusted EPS of 15 cents, down 39% from a year earlier.

Should you buy Snowflake (Snowflake)?

So, investors looking to buy a growth stock can consider buying Snowflake as its huge revenue pipeline and the potential jump in its earnings could help it justify its valuation -- especially after its latest results, which indicate that its business is likely to accelerate. Harsh Chauhan has no position in any of the stocks mentioned.

Is Snowflake stock a good stock to buy in 2023?

Snowflake stock advanced 38% in 2023. The Nasdaq composite jumped 43% amid buzz over generative artificial intelligence and AI stocks. The S&P 500 climbed 24%. Snowflake stock has a Relative Strength Rating of only 15 out of a best-possible 99.