Snowflake Stock Plunges, Don't be Fooled, Bargain Alert

Key Points

  • Shares are continuing to consolidate after the latest earnings report. 
  • A leadership change and growth warning took the shine off what was otherwise a strong report. 
  • With shares already plummeting, several analysts are looking for an immediate upside in the region of 30%. 
  • 5 stocks we like better than Snowflake

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Should you invest $1,000 in Snowflake right now?

Before you consider Snowflake, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Snowflake wasn't on the list.

While Snowflake currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Snowflake (SNOW)
4.5416 of 5 stars
$157.72-0.9%N/A-61.85Moderate Buy$202.77
Compare These Stocks  Add These Stocks to My Watchlist 

Sam Quirke

About Sam Quirke

  • s.quirke.us@gmail.com

Contributing Author

Technical Analysis

Experience

Sam Quirke has been a contributing writer for MarketBeat since 2019.

Areas of Expertise

Technical and fundamental analysis, tech stocks, large caps, timing entries and exits

Education

Trinity College, Dublin, Ireland

Past Experience

Professional futures trader, start-up fund manager


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