Will Snowflake Be a Trillion-Dollar Stock by 2035?
The value proposition for Snowflake (NYSE: SNOW) stock continues to gain traction with customers and investors. A rapid growth rate and a compelling product offering remain a draw for buyers like Warren Buffett's Berkshire Hathaway, which invested in the company before its September 2020 initial public offering (IPO).
Such potential also may lead investors to speculate whether the market cap can grow to $1 trillion, a feat accomplished by only a handful of tech companies. While no analyst or company can guarantee such a result, Snowflake's growth potential makes such a notion worthy of further investigation.
Snowflake's market cap is currently at about $65 billion. To make it to $1 trillion by the end of 2035, Snowflake stock would have to grow by an average of just over 28% per year over the next 11 years.
Source Fool.com
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