15 Best Magic Formula Stocks to Invest In

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5. Snowflake Inc. (NYSE:SNOW)

Gotham Asset Management’s Q1 2025 Stake: $82.8 million

Number of Hedge Fund Holders: 94

Snowflake Inc. (NYSE:SNOW) ranks among the best magic formula stocks to invest in. Cantor Fitzgerald reaffirmed its Overweight rating and $242 price target for Snowflake Inc. (NYSE:SNOW) on June 9. Cantor’s Thomas Blakey emphasized the company’s solid positioning after the Snowflake Summit 2025 in San Francisco.

At the event, Snowflake Inc. (NYSE:SNOW) demonstrated its significance in enterprise data stacks. Although the effects of AI now appear to be minor, discussions have raised the possibility of short-term adjustments. One strategic step to expand Snowflake’s product line is the acquisition of Crunchy Data, a PostgreSQL-focused business.

Snowflake’s go-to-market approach, which now seems more targeted, also impressed analysts. The company’s shares seem to be valued at a premium due to its ongoing pace in growing its core cloud data warehouse and its potential in additional product areas, which are still in their infancy.

Snowflake Inc. (NYSE:SNOW) is an American cloud-based data storage company that operates a platform built on Amazon Web Services, Microsoft Azure, and Google Cloud. It also provides Snowflake Cortex with a set of AI capabilities that employ large language models to analyze unstructured data.

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