11 Best Enterprise Software Stocks to Invest In

9. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 71

Snowflake Inc. (NYSE:SNOW) is a data warehousing company. Its core offering is the Data Cloud, a global network that empowers organizations to mobilize their data with unparalleled scale, speed, and performance. This platform provides a range of data-driven solutions that facilitate collaboration and address critical needs in areas such as cybersecurity and application development.

The company’s core strength lies in its position as the easiest and most cost-effective enterprise data platform, which is driving significant customer adoption. For example, Snowpark, which simplifies data engineering, is already contributing roughly 3% to the revenue and has led to customers reporting 50% cost savings when migrating from competitors. This competitive advantage is evident in its strong FQ3 2025 results, where product revenue reached $900 million, up 29% year-over-year, while remaining performance obligations grew 55%.

With ongoing product innovation, strategic partnerships, and a focus on customer success, Snowflake Inc. (NYSE:SNOW) is well-positioned to capitalize on the evolving data landscape and solidify its position in the relevant market.