Has Summertime Come for Snowflake's Stock?
Snowflake's (NYSE: SNOW) stock has the honor of going public at one of the most absurd valuations of all time: 150 times sales. Still, many investors (including Warren Buffett's Berkshire Hathaway) paid a high price for this stock and are now underwater since its initial public offering in late 2020.
So is now a good time to get into the stock? Or should you pass? Let's find out.
You may have heard the phrase "Data is the new oil." While you could argue that statement until your face turns blue, the reality is data has become vital in today's business practices. Businesses generate mountains of data through various sources with vital customer information, execution trends, and other hidden insights someone couldn't understand by staring at the information.
Source Fool.com
