We value Snowflake stock at about $340 per share, marking an upside of about 10% over the current market price. However, we still think the stock has more room to run. The rally comes on the back of stronger than expected earnings over both Q1 and Q2 FY’22, and the company’s move to raise full-year guidance due to robust growth for its cloud data warehousing services and upgrades by multiple brokerage firms. The stock, also, now remains up by around 13% year-to-date, trading at about $312 per share. Snowflake stock (NYSE: SNOW) has rallied by almost 65% from the lows of early May 2021. Up 65% From This Year’s Lows, It’s Still Not Too Late To Buy Snowflake Stock Looking for reasonably valued software stocks with big room to grow? Check out our theme on Mid-Cap SaaS Stocks
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