SNOW - Will Snowflake Be a Trillion-Dollar Stock by 2035?
2023-12-21 05:25:00 ET
The value proposition for Snowflake (NYSE: SNOW) stock continues to gain traction with customers and investors. A rapid growth rate and a compelling product offering remain a draw for buyers like Warren Buffett's Berkshire Hathaway , which invested in the company before its September 2020 initial public offering (IPO).
Such potential also may lead investors to speculate whether the market cap can grow to $1 trillion, a feat accomplished by only a handful of tech companies. While no analyst or company can guarantee such a result, Snowflake's growth potential makes such a notion worthy of further investigation.
Snowflake's market cap is currently at about $65 billion. To make it to $1 trillion by the end of 2035, Snowflake stock would have to grow by an average of just over 28% per year over the next 11 years.
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Will Snowflake Be a Trillion-Dollar Stock by 2035?