Reply To: Traders Market Weekly: Rates, Banks and Herd Mentality

#32479
Truman
Participant

Snowflake (SNOW) upgrade to Buy at Barclays after the stock its 200-DMA on Monday.

The stock closed yesterday with an enterprise value that was just under 50x net twelve-month sales estimates, making it the most expensive software stock in the market. Clearly, this stock remains expensive, but the “consensus” is that this is one of the most attractive enterprise software stocks in the market worth paying up for as the company will continue to grow into its valuation.