SNOWFLAKE INC-CLASS A (NYSE:SNOW) – A Strong Contender for Growth Investors

SNOWFLAKE INC-CLASS A (NYSE:SNOW) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template strategy. The company’s cloud data platform and strong technical setup make it a compelling candidate for investors seeking growth opportunities.

Why SNOW Fits the Minervini Trend Template

Minervini’s strategy focuses on stocks exhibiting strong uptrends with clear technical strength. SNOW meets these criteria:

• Price Above Key Moving Averages:

  • Current price ($210.85) is well above the 50-day SMA ($170.01), 150-day SMA ($165.47), and 200-day SMA ($152.88).
  • The 50-day SMA is above both the 150-day and 200-day SMAs, confirming bullish momentum.

• Upward-Trending Moving Averages:

  • The 200-day SMA is rising, indicating a sustained long-term uptrend.

• Strong Relative Strength:

  • SNOW’s relative strength (94.39) places it in the top 6% of all stocks, showing market leadership.

• Proximity to 52-Week High:

  • Trading near its 52-week high ($214.83), signaling strong demand.

High Growth Momentum Fundamentals

Beyond technical strength, SNOW demonstrates robust growth metrics:

• Revenue Growth:

  • Quarterly revenue growth (25.7% YoY) and annual revenue growth (29.2%) highlight strong business expansion.
  • Revenue estimates for the next quarter and year have been revised upward, reflecting positive analyst sentiment.

• Earnings Momentum:

  • Recent quarterly EPS growth (71.4% YoY) shows improving profitability.
  • The company has beaten EPS estimates in all of the last four quarters, with an average beat of 29.8%.

• Free Cash Flow Growth:

  • Free cash flow per share grew 21.3% over the past year, indicating healthy cash generation.

Technical Outlook

SNOW’s technical rating of 10/10 reflects its strong trend across short and long-term timeframes. The stock is consolidating near resistance at $210.86, with support around $202.09. A breakout above resistance could signal further upside.

For a deeper analysis, review the full technical report here.

Our High Growth Momentum + Trend Template screener lists more stocks with similar characteristics.

Disclaimer

This is not investment advice. Always conduct your own research before making investment decisions.