Snowflake: Shares Are a Top Pick as Market Overlooks the Data’s Massive Need for a Home (or Igloo)

Snowflake is one of our top picks in the technology sector, as we see an attractive long-term investment opportunity in the no-moat firm implied in our $231 fair value estimate and our 4-star rating. We believe the market is significantly discounting Snowflake's potential by underestimating three key areas: datasphere (total data in existence) growth, how differentiated Snowflake's technology is, and the powerful potential of Snowflake's small but mighty data marketplace. This leaves a meaty opportunity for investors, in our view, thanks to what we believe is a lack of understanding of this complex space.