Few companies represented the froth in the IPO market better than Snowflake (NYSE: SNOW) when it came public in late 2020. After reaching hilariously high valuation levels of 180 times sales, the stock price abruptly came down and now sits around $150, well below its debut price of about $245.

But that's in the past. What matters now is Snowflake's stock moving forward. So has the stock fallen enough to warrant a purchase? Let's find out.

Part of the allure of cloud computing is its ability to process vast amounts of data quickly. Furthermore, storing this information is also easier, as a massive data center can hold more information than a personal computer.

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Source Fool.com