Snowflake reported its maiden results back in December 2020 Revenue 159.62M reported earnings $ -0.28M. Revenue has grown exponentially since though earnings have been negative to date. Results are due 22nd May 2024, estimated revenue 786.8M, estimated maiden positive earnings 0.174M. Stock price currently stands at lower support level.
Snowflake reports next Wednesday 22nd May. Anticipated maiden profit.
Charts are increasingly looking more bullish.
Price is now $160.95.
Company are a major AI player.
Warren Buffett holds the stock in the Berkshire Hathaway Trust, good enough for me.
RIckAshby
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Price has now formed a golden cross on the 1 hour time frame. A break above $160 area will break previous resistance level and should continue its climb. Currently $157.88
RIckAshby
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Since my first post price has gone up from $151.1 . As of writing to $158.18. still a buy, more upside to come
Charts are increasingly looking more bullish.
Price is now $160.95.
Company are a major AI player.
Warren Buffett holds the stock in the Berkshire Hathaway Trust, good enough for me.