- Snowflake has an increasing secular demand from next-generation business intelligence and is disrupting the data-warehousing industry, making long-term growth sustainable.
- The company has over $1 billion in cash and no long-term debt, and its free cash flow margin expansion will enable it to sustain itself during an economic downturn.
- Various financial metrics indicate Snowflake's valuation is now at a reasonable level; along with its high-conviction fundamentals, I think the SNOW stock is a buy.
For further details see:
Snowflake: Ignore The Short-Term Fluctuations, Focus On The Long-Term Play