Technical Analysis: Snowflake
Snowflake Inc. (SNOW) is set to follow the market’s rebound following recent corrections, presenting a compelling short-term buying opportunity. As a leading cloud-based data warehousing and analytics provider, Snowflake empowers organizations to consolidate and analyze data seamlessly. Our analysis—powered by the quant strategies devised by our in-development AI analyst alongside traditional technical measures—suggests that Snowflake is poised to outperform during this near-term upswing. Although we view this as a tactical move for the short-term rather than a long-term play, our technical outlook is in favor of a strong potential for a rally, targeting a short-term price of $185.
