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Is It Time to Buy the Dip in Snowflake Stock?

TheMotleyFool

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Is It Time to Buy the Dip in Snowflake Stock?: https://g.foolcdn.com/editorial/images/783438/person-buying-a-stock-while-using-a-computer-and-a-tablet.jpg

This has has been an excellent year for many tech stocks. In fact, the tech sector of the S&P 500 is up over 30% this year.

But that doesn't mean there haven't been a few laggards. Snowflake (NYSE: SNOW) has been one of those tech companies that dramatically underperformed this year, with the stock plummeting over 30%.

But this could be an opportune time to buy Snowflake, as the lofty expectations that are built into many of its tech brethren don't exist with Snowflake.

Source Fool.com

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