- Snowflake just reported its Q1 FY23 performance with a beat on the top and bottom line.
- Although FY23 guidance remained unchanged, management increased markedly its FY29 margin targets.
- The business is already cash-flow positive and has a robust balance sheet to fuel future growth and potential acquisitions.
- This founder-led company has a proven track record of innovation, making it a relevant investment for the long term.
- SNOW has fallen below its 2020 IPO price and is the cheapest it's ever been, despite beating expectations every quarter since going public.
For further details see:
Snowflake Stock Melted Over 70% - Is It A Long-Term Buy?