1 Green Flag and 1 Red Flag for Snowflake Stock
Snowflake (NYSE: SNOW) is a leading provider of data warehousing and analytics tools, but the company's stock has seen some turbulent trading as investors became more risk-averse. The cloud software company's share price is down roughly 39% from its market close on the day of its September 2020 initial public offering and 62% from the lifetime valuation high that it reached in November 2021.
Should investors be snatching up this potentially explosive growth stock on the heels of a big valuation pullback, or is there still too much downside risk to make shares an attractive buy at today's prices? Read on for a look at bullish and bearish dynamics and catalysts that could shape where Snowflake stock goes next.
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Source Fool.com
