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Snowflake IPO: Stock can double if company outperforms Oracle - Business Insider

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Snowflake's stock can double from here if the cloud-data platform outshines top rival Oracle, strategist says

Enthusiasm around Snowflake's listing indicates that risk appetite for companies that are offering shares to the public for the first time remains high, despite an unpredictable market environment, Lip said.

Conversely, Snowflake offers "off-premise" data warehousing, or a model which consists of shared resources managed by a third-party vendor, with data secured by state-of-the-art encryption. The San-Mateo based unicorn ticks "a lot of boxes" that investors are interested in including superior growth, cloud storage, data analytics, high customer retention, and saving on client money.

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