|Bid||190.41 x 1000|
|Ask||190.75 x 1000|
|Day's Range||185.80 - 191.64|
|52 Week Range||119.27 - 193.94|
|Beta (5Y Monthly)||0.96|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 28, 2024 - Mar 04, 2024|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||214.41|
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Snowflake stock, the IBD Stock of the Day, has gained 33% in 2023, rebounding from worries over its valuation and business model.
Snowflake (NYSE: SNOW) is a cloud computing company poised to benefit from growing investments in artificial intelligence (AI). As CEO Frank Slootman said, "There's no AI strategy without a data strategy." What's hard to get past is the fact the stock trades at an incredibly high valuation: 23 times sales or 12 times book value.
Of all the stocks in Berkshire Hathaway's portfolio, these two tech names stand out from the rest.