Data Is The Future & Snowflake (SNOW) Is Taking Advantage

Snowflake (SNOW) shares jump after its 3Q earnings report. SNOW’s 3Q was mixed, as we had rosier expectations than the market, notes Morningstar’s Julie Bhusal Sharma. She and Logan Gilland discuss SNOW as Morningstar has a 4-star rating and a $321 fair value estimated on SNOW. Bhusal Sharma talks about how SNOW’s guidance raise is encouraging, and the company is extremely well-positioned to benefit in a world that is rapidly collecting data. Gilland highlights that SNOW had a fantastic quarter and data is the way of the future and SNOW seems to be taking market share in this space. They then go over the importance of data management and the future of cloud space. Tune in to find out more about the stock market today.