Snowflake (NYSE: SNOW) has turned out to be a terrible investment in the past few years with shares of the cloud data platform provider down 42% since it went public in September 2020.

However, it has been delivering terrific revenue growth thanks to the healthy demand for its cloud-based data platform that serves fast-growing niches such as data warehousing, machine learning, data engineering, and cybersecurity. As it turns out, the company's total addressable market has tripled since its initial public offering to a whopping $248 billion.

So could this be an opportunity for investors? Here's why I think Snowflake stock has massive upside ahead.

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Source Fool.com