10 High-Valuation Stocks to Buy According to Billionaires

6. Snowflake Inc. (NYSE:SNOW)

Forward P/E: 144.9

Number of Billionaire Investors: 18

Number of Hedge Fund Holders: 85

Snowflake Inc. (NYSE:SNOW) is a cloud-based data platform that helps organizations efficiently store, analyze, and share data. Its Data Cloud enables businesses to consolidate data together in one secure and reliable place, driving innovation and valuable insights. The platform supports a variety of workloads, including data engineering, data science, and application development.

In its Q4 2024 investor letter for the “Focused Growth Strategy,” Burke Wealth Management announced new positions in Snowflake Inc. (NYSE:SNOW), citing improved business trends and greater visibility. The firm noted that consumption patterns in Snowflake’s core business have stabilized and are showing signs of growth. Additionally, the company has introduced several AI-driven product offerings to its platform. Burke Wealth Management also believes that Snowflake will play a major role in enabling enterprises to access and securely integrate AI solutions with their data, whether proprietary or from trusted partners. They further highlight that by facilitating productivity-enhancing business insights, Snowflake is positioned to benefit from the massive investments being made in artificial intelligence.

On March 8, Robert W. Baird analyst William Power had reaffirmed a Buy rating on Snowflake Inc. (NYSE:SNOW) with a $200 price target, based on its strong position in data storage and analytics. He highlighted the company’s AI-driven focus and new features in FY 2025 further enhance Snowflake’s appeal among data engineers and scientists, supporting its growth potential.