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home / news releases / SNOW - Snowflake: Buyable Is No Longer Enough - Growth Thesis Showing Cracks

SNOW - Snowflake: Buyable Is No Longer Enough - Growth Thesis Showing Cracks

Intrawest Resorts Holdings Inc.

2024-05-12 12:21:25 ET

Summary

  • Snowflake stock has underperformed the market by a wide margin recently, but this is not the time to "buy the dip."
  • Investors should note that management has effectively walked back their $10 billion medium term target.
  • The stock's rich valuation was based on the company's ability to sustain incredible growth, but this thesis appears to be breaking down.

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For further details see:

Snowflake: "Buyable" Is No Longer Enough - Growth Thesis Showing Cracks
Stock Information
Company Name: Intrawest Resorts Holdings Inc.
Stock Symbol: SNOW
Market: NYSE
Website: snowflake.com
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