Jim Cramer on Snowflake: "I Think You Can Buy More"

Snowflake Inc. (NYSE:SNOW) is one of the stocks on Jim Cramer’s radar. With the company reporting its quarterly earnings in a few weeks, a caller asked if they should buy more, sell, or hold. In response, Cramer said:

“I like Snowflake. I think you can buy more. I honestly do. I think that the quarter’s going to be a very, very good quarter.”

Snowflake (NYSE:SNOW) provides a cloud-based data platform that helps organizations unify and analyze data, build applications, and apply AI to solve business challenges. The company’s AI Data Cloud supports data sharing and insight generation across multiple industries. During a July episode, Cramer called the company stock a “great long-term position.” He commented:

“Okay, Snowflake. Well, Sridhar Ramaswamy came on our show and broke the story of that much better than expected quarter, and I say you just hold onto this. There’s going to be ups and downs. Maybe it takes a little fluff out of it, but Sridhar is good for it, and I think that could be a great long-term position. I like the stock of Snowflake.”

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Disclosure: None. This article is originally published at Insider Monkey.