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SNOW - Is It Time to Buy the Dip in Snowflake Stock?
Intrawest Resorts Holdings Inc.
2024-07-18 07:00:00 ET
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.