Snowflake Just Impressed Investors: 2 Reasons to Buy the Stock, and 1 Reason to Avoid It
Snowflake (NYSE: SNOW) is a leading cloud computing company with a growing portfolio of products to serve businesses in the digital world. It hasn't been an easy ride since its stock came public in 2020 -- although it's trading comfortably above its IPO price of $120, it's still 52% below its best-ever level.
Snowflake has attracted some top-tier investors, including Warren Buffett's Berkshire Hathaway conglomerate, which currently owns a stake worth $1.1 billion.
But should you follow Berkshire's lead? Snowflake just reported its financial results for the fiscal 2024 third quarter (ended Oct. 31), and investors immediately sent its stock 7% higher. But there's a large hurdle that would probably deter most investors -- including Buffett himself -- from buying the stock at the current price.
Source Fool.com
Berkshire Hathaway Inc. A Stock
Our community is currently high on Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
With a target price of 650000 € there is a slightly positive potential of 7.97% for Berkshire Hathaway Inc. A compared to the current price of 602000.0 €.
