J Studios
Introduction
Today I want to update my Snowflake (SNOW) thesis as the new earnings release is approaching. The stock experienced a sharp sell-off after the previous earnings release, meaning that my 'Strong buy' recommendation
Snowflake: Poised To Deliver Strong Earnings
Summary
- I remain strongly bullish on Snowflake ahead of earnings, citing robust revenue growth, record RPO, and consistent revenue surprises.
- Snowflake's aggressive R&D and high net revenue retention support its innovation, cross-selling, and long-term shareholder value creation.
- DCF analysis reveals a 70% upside to $310 per share, making SNOW significantly undervalued, despite high current P/E ratios.
Coming from an IT background, I have dived into the U.S. stock market seven years ago by managing portfolio of my family. Starting managing real money has been challenging for the first time, but long hours of mastering fundamental analysis of public companies paid off and now I feel very confident in my investment decisions. My hands-on experience shaped deep understanding of risk, reward and the delicate balance between these two variables. Driven by a desire to share my insights and contribute to the investor community, I embark on this new chapter with Seeking Alpha. My articles will be crafted with clarity and precision, devoid of jargon and fostering accessibility for investors of all experience levels. My background in IT grants me a valuable perspective, particularly when navigating the complexities of technology stocks. Yet, my pursuit of knowledge extends beyond the realm of silicon, encompassing diverse sectors and uncovering promising prospects across the economic landscape. Whether you are a seasoned investor seeking fresh perspectives or a nascent one embarking on your financial voyage, I extend a warm invitation to join me on this intellectual journey. Through collaborative exploration and insightful analysis, let us unlock the secrets of the market and chart a path towards shared financial success.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of SNOW either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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