Rangan thinks Snowflake’s native cloud platform is ideally positioned to replace data warehousing services long term due to its scalability and elasticity. Rangan also highlighted the company’s “best in class” net revenue retention rate of 169 per cent in the most recent quarter.
While Snowflake posted a wider-than-expected loss in Q2, revenue more than doubled from the year-ago period to US$272 million.Article content Snowflake shares are up 6 per cent year to date, underperforming the S&P 500 by a wide margin, suggesting the stock could have plenty of room to run for the rest of 2021.There you have it: three newly upgraded stocks worth checking out.
Even if you don’t agree with Goldman on these specific stock picks, your goal as an investor should always remain the same: seeking out attractive assets at discounted prices. And, if individual stocks seem expensive, you can try a popular investing app that lets you buy fractional shares of big-name stocks toOr, if you’re just starting out as an investor, it’s not a bad idea to look into some low-stakes alternatives. One popular app lets youThis article was created by Wise Publishing. Wise is devoted to providing information that helps readers navigate the complex landscape of personal finance.