Snowflake Stock: Bull vs. Bear
Snowflake's (NYSE: SNOW) software is making it possible for businesses and institutions to combine and analyze information gathered through any or all of Amazon, Microsoft, and Alphabet's competing cloud infrastructure services. The data specialist has been growing sales at an impressive clip, but its stock has plummeted as investors have moved away from companies with growth-dependent valuations.
Are shares worth buying at today's prices? Read on to see why two Motley Fool contributors come down on different sides of this software stock debate.
Keith Noonan: Snowflake is helping organizations generate actionable insights from a broad range of data sources. These days, most enterprises and large institutions use applications and services from multiple cloud infrastructure providers. Basing analytics on individual queries from walled-off data sources simply isn't sensible. Snowflake is providing a best-in-class solution for a service that looks primed for huge demand growth over the long term, and strong momentum for the business reflects the importance and quality of its services.
Source Fool.com
