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Could Snowflake Stock Help You Become a Millionaire?

TheMotleyFool

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Could Snowflake Stock Help You Become a Millionaire?: https://g.foolcdn.com/editorial/images/737669/digital-snowflake-circuit.jpg

Snowflake (NYSE: SNOW) has been a tough stock to hold since its public debut. The cloud-based data warehousing company went public at $120 per share on Sept. 16, 2020, and its price more than doubled to $245 on its first trade. The stock price eventually hit an all-time high of $401.89 on Nov. 16, 2021, but tumbled all the way back to $119.27 on Jan. 6, 2023.

Snowflake's stock currently trades around $170, but many of its early investors are still deep underwater. Could this volatile growth stock eventually stabilize and generate millionaire-making returns for investors who hop aboard today?

Image source: Getty Images.

Source Fool.com

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