Is Snowflake A Buy at Buying

Is Snowflake A Buy. Is snow stock a buy or sell? We called snowflake stock a solid buy back in early may when it traded at levels of under $200.

See if snow stock is a buy or sell. The risk of buying it then is that when snowflake reports its first quarter as a public company it falls short of investors’ high expectations and then falls. Marketwatch recently reported that eight out of 21 analysts had a “buy” rating on snowflake, while the other 13 had a “hold” rating.

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Currently trading at $247.67, cloud services provider snowflake (snow) has attracted significant investor attention lately because of its impressive revenue performance. The all time high for this statistic is 59. Snowflake is a promising investment opportunity, but investors should consider other software stocks that offer better value before buying shares of. The company is growing rapidly and the total addressable market for snow is huge (~$90b as per the company estimates) which points to a sizeable market opportunity for the cloud data platform of snowflake.