SNOW is looking to break through a major resistance price of $205 and start snowballing to the north of the charts. Targeting the $300 price which is the next major price level. Snowflake has demonstrated remarkable revenue growth since its IPO!!
As businesses increasingly migrate to the cloud for data storage and analytics, Snowflake's innovative cloud-native data platform stands out. Its architecture allows for seamless scalability, flexibility, and real-time data insights, making it a preferred choice for enterprises seeking advanced data solutions
The company's subscription-based model, coupled with a diverse customer base, contributes to a steady revenue stream. With a rising demand for cloud data warehousing and analytics, Snowflake is well-positioned to capitalize on this trend and continue its impressive revenue trajectory which will reflect its stock price.
Make it SNOW $$$
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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.