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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.




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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.


See How IBD Helps You Make More Money In Stocks


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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