Snowflake Stock Scores Rising Relative Strength; Gets Analyst Upgrade

On Friday, Snowflake (SNOW) stock earned an upgrade to its Relative Strength (RS) Rating, from 76 to 83. BTIG analyst, Gary Powell, upgraded the cloud-based data analytics firm to a buy rating from neutral rating with a target price of $353 per share.


When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.

This exclusive rating from Investor’s Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price movement over the trailing 52 weeks holds up against all the other stocks in our database.

Over 100 years of market history shows that the top-performing stocks typically have an RS Rating of at least 80 as they begin their biggest climbs.

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Is Snowflake Stock A Buy?

While Snowflake stock is not near an ideal entry right now, see if it manages to form and break out from a proper chart pattern. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

The cloud-based data analytics firm posted -128% EPS growth in its most recent report. Revenue gains came in at 104%.

Snowflake stock earns the No. 56 rank among its peers in the Computer Software-Enterprise industry group. Techtarget (TTGT) and Dynatrace (DT) are also among the group’s highest-rated stocks.


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