10 Best Magic Formula Stocks for 2025

6. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 85

Gotham Asset Management’s Q4 2024 Stake: $68.9 million

Snowflake Inc. (NYSE:SNOW) is an American cloud-based data storage company that runs a platform which enables data analysis and simultaneous access to large sets with low latency. Its platform is based on Amazon Web Services, Microsoft Azure, and the Google Cloud Platform. It provides Snowflake Cortex with a set of AI capabilities that leverage massive language models to interpret unstructured data.

KeyBanc Capital maintained its Overweight rating on Snowflake Inc. (NYSE:SNOW) shares on February 12, with a stable price target of $210. The endorsement follows a detailed quarterly study of 16 Snowflake customers and partners, which revealed information on their purchasing habits and product engagement. KeyBanc analysts also noticed an increasing interest in Cortex, Snowflake’s data and machine learning platform, which is projected to make a substantial contribution over the medium term. This confidence is bolstered by Snowflake’s notable 30% year-over-year sales increase and 67% gross profit margin.