SNOW - Snowflake Has A Lot To Prove Or Lose In Its Next Growth Phase
2024-02-13 00:12:58 ET
Summary
- Snowflake's stock has risen almost 60% in the past 3 months, but valuations are now stretched and premiums are too high.
- The data cloud company is expanding its data platform to increase modalities of accessing data, which could drive consumption and revenue growth.
- With earnings coming in two weeks, investors will be eager for SNOW to update its long-term model as well as their product adoption plans.
Investment Thesis
Snowflake ( SNOW ) is a globally renowned data technology company whose data transactions and management platform is very popular among customers who have anything to do with data, especially large enterprises. The company's stock is also commonly held among many institutional clients, such as Berkshire Holdings and Bridgewater Associates....
Snowflake Has A Lot To Prove Or Lose In Its Next Growth Phase