Looking to Supercharge Your Portfolio? Buy Snowflake Stock
Despite an overall positive start to the year for many technology stocks, the performance of Snowflake (NYSE: SNOW) has lagged, losing approximately 8.42%, compared with the 9.1% rise in the Technology Select Sector SPDR Fund (NYSEMKT: XLK), an index of technology stocks.
However, Snowflake has a massive opportunity ahead, as virtually every company will need the type of services Snowflake offers over the long term. Its data cloud and data marketplace are necessary for an increasingly digital economy. Consequently, all growth investors should own shares of this stock. The biggest question is whether now is a good time to buy.
Let's investigate.
Source Fool.com
