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Barchart
Barchart
Sushree Mohanty

Why Big Money Is Doubling Down on Snowflake Stock

Snowflake SNOW Sanjit Singh

Snowflake (SNOW) continues to attract the attention of Wall Street's biggest players. Several large institutional investors have increased their stakes in the cloud data giant in recent months, indicating growing confidence in the company's long-term potential. The combination of increased institutional ownership, a wave of analyst price target upgrades, and strong stock performance suggests that Snowflake may be entering a new phase of growth. 

Snowflake's stock has also seen significant gains recently, up 45% year-to-date (YTD) and over 100% over the last 52 weeks. Is this the right time to grab SNOW stock?

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