This Top Technology Stock Just Jumped. Here's Why You May Want to Buy It Hand Over Fist.
Shares of Snowflake (NYSE: SNOW) jumped 4.5% on Feb. 27 following the release of the company's fiscal 2025 fourth-quarter results (for the three months ended Jan. 31) the previous day. The stock's jump was well deserved, as it crushed Wall Street's expectations by a big margin.The company, which is known for providing a data cloud platform that allows customers to securely store, consolidate, and act upon their data from a single source of truth, has been witnessing solid growth in demand for its offerings thanks to artificial intelligence (AI). As a result, it wasn't surprising to see Snowflake's guidance for the new fiscal year exceeding Wall Street's estimates.However, there is a good chance that Snowflake could exceed its own expectations in fiscal 2026.Continue reading
Shares of Snowflake (NYSE: SNOW) jumped 4.5% on Feb. 27 following the release of the company's fiscal 2025 fourth-quarter results (for the three months ended Jan. 31) the previous day. The stock's jump was well deserved, as it crushed Wall Street's expectations by a big margin.
The company, which is known for providing a data cloud platform that allows customers to securely store, consolidate, and act upon their data from a single source of truth, has been witnessing solid growth in demand for its offerings thanks to artificial intelligence (AI). As a result, it wasn't surprising to see Snowflake's guidance for the new fiscal year exceeding Wall Street's estimates.
However, there is a good chance that Snowflake could exceed its own expectations in fiscal 2026.
