|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's range||245.20 - 281.57|
|52-week range||184.71 - 405.00|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||01 Mar 2022 - 07 Mar 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||383.96|
The tech sector may be down right now, but it's still bursting with opportunity for long-term investors.
Shares of Snowflake (NYSE: SNOW) slumped on Friday, closing down 4.2% for the day, after Deutsche Bank (NYSE: DB) cut its price target on the cloud-based data storage and analytics service from $400 to $375. Deutsche Bank's call was made as one part of a wide-ranging series of reductions in software stocks' price targets (but no actual downgrades). In addition to Snowflake, the banker cut its valuations on about a dozen different tech stocks today, including names such as Palantir Technologies, Salesforce, and Oracle.
Warren Buffett's Berkshire Hathaway invested in this stock before the IPO at a significantly discounted price. When Snowflake ultimately debuted for retail investors, it was priced at more than double the $120 per share IPO price. With tech growth stocks dropping significantly over the previous year, some analysts now wonder if Snowflake can stage a comeback in 2022.