Snowflake Shares Jump 7.23% as Cramer Calls Stock 'Too Cheap' and Q4 Beats
Jim Cramer said Snowflake could become “too cheap to ignore,” praising CEO Sridhar Ramaswamy and spurring a 7.23% share jump in late-February trading while noting it as a buy. Sizable new client additions reversed its stock higher, underscoring demand for its cloud data platform.
1. Jim Cramer's Valuation Call
In late-February television segment, Jim Cramer highlighted Snowflake as one of the enterprise software names that could become “too cheap to ignore,” singled out CEO Sridhar Ramaswamy for praise and labelled the shares a buy, triggering a 7.23% rally.
2. Q4 Earnings and Customer Growth
Snowflake reported Q4 revenue and EPS above consensus, with management pointing to accelerated client additions that reversed the stock higher on heavy volume and underscored robust demand for its cloud data platform.
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