We watched this name face headwinds after a bad earnings print, along with data privacy issues...
But we crafted our thesis, identified our price targets, then benchmarked this name against competitors like:
CRWD 
INFY and $NYSE:PLTR (one of our biggest winners in 2024... Entry at $8/share)
This analysis positioned
SNOW for significant upside after the massive sell-off from $237 down to $108 - which was reflective of a fair-value in this market.
I loaded the boat on $150 Calls dated DEC24 & JAN26 (with additional strikes)
On the DEC24 $150 Calls - Over 1,000% ROI (closed 1/2).
What's Next forSNOW
The answer is simple, upside.
Earlier this year, investors priced this name at a 20-30X EV/S - which was akin to perfection.
To maintain that valuation would require absolute perfection in execution, earnings expectations, and forward guides into Q1 & Q2 of 2025.
Since then, the valuation has been cut in half - even though the business has not seen a 50% revenue or growth decline.
With an equivalent peer-driven valuation,SNOW would be priced as follows:
• $415 at $NYSE:PLTR’s valuation
• $181 at
DDOG’s valuation
• $196 at
CFLT’s valuation
• $228 at
MDB’s valuation
Median target is $212.
(Competition Valuation Performed by: StockSavvyShay on X)
But we crafted our thesis, identified our price targets, then benchmarked this name against competitors like:
CRWD INFY and $NYSE:PLTR (one of our biggest winners in 2024... Entry at $8/share) This analysis positioned
SNOW for significant upside after the massive sell-off from $237 down to $108 - which was reflective of a fair-value in this market.I loaded the boat on $150 Calls dated DEC24 & JAN26 (with additional strikes)
On the DEC24 $150 Calls - Over 1,000% ROI (closed 1/2).
What's Next for
SNOWThe answer is simple, upside.
Earlier this year, investors priced this name at a 20-30X EV/S - which was akin to perfection.
To maintain that valuation would require absolute perfection in execution, earnings expectations, and forward guides into Q1 & Q2 of 2025.
Since then, the valuation has been cut in half - even though the business has not seen a 50% revenue or growth decline.
With an equivalent peer-driven valuation,
SNOW would be priced as follows: • $415 at $NYSE:PLTR’s valuation
• $181 at
DDOG’s valuation• $196 at
CFLT’s valuation• $228 at
MDB’s valuationMedian target is $212.
(Competition Valuation Performed by: StockSavvyShay on X)
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Locked in 900%+ profit on 12/20 calls! 
I trade live on Discord - discord.gg/pennybois
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I trade live on Discord - discord.gg/pennybois
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.