Snowflake Inc. (SNOW): Why Is It the Best Tech Stock to Buy According to Brad Gerstner? [Yahoo! Finance]
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Snowflake Inc. Class A (SNOW)
Last snowflake inc. class a earnings: 5/4 06:30 am
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Source: Yahoo! Finance
Gerstner is Bullish on Tech in 2024 On December 1, 2023, Brad Gerstner, the CEO of Altimeter Capital , appeared in an interview on CNBC where he explained that tech stocks are expected to outperform non-tech stocks in 2024. Over the past 10 years, tech earnings have compounded at almost 16% and non-tech earnings have compounded at 6%. 2023 was a rebound year for the tech industry after a downturn in 2022 due to rising interest rates. Big Tech companies and their operational efficiencies have poised them for strong growth. While inflation and interest rates will determine what goes down, companies that have invested in augmented intelligence will experience secular growth. Gerstner thinks that the spread between 16% and 6% will be a recurring trend in 2024. Gerstner Thinks Now is the Right Time to Invest in Tech On June 11, Brad Gerstner made another appearance on CNBC and addressed the speculation surrounding the software industry Gerstner suggested that despite headwinds, the
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SNOW
News
- Snowflake Inc. (NYSE: SNOW) had its "buy" rating re-affirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $220.00 price target on the stock.MarketBeat
- Snowflake Inc. (SNOW): Is This Cloud Computing Stock a Good Buy Right Now? [Yahoo! Finance]Yahoo! Finance
- Snowflake Stock: Finally, It's A Buy [Seeking Alpha]Seeking Alpha
- LendingTree (TREE) Arm's Client Data Auctioned Online by Hackers [Yahoo! Finance]Yahoo! Finance
- Snowflake Inc. (NYSE: SNOW) had its price target lowered by analysts at Wells Fargo & Company from $225.00 to $200.00. They now have an "overweight" rating on the stock.MarketBeat
SNOW
Earnings
- 5/22/24 - Miss
SNOW
Sec Filings
- 7/2/24 - Form 4/A
- 7/2/24 - Form 8-K
- 7/2/24 - Form 144/A
- SNOW's page on the SEC website