1 Super Software Stock Down 20% in 2026 to Buy Hand Over Fist, According to Wall Street

2026-03-04 15:30:00 ET

Snowflake (NYSE: SNOW) is the creator of the Data Cloud, a platform where large organizations can aggregate their valuable information even if it's stored across multiple cloud providers like Amazon Web Services and Microsoft Azure. This is critical for performing comprehensive analysis and extracting actionable insights.

Unified data sets are also vital for developing artificial intelligence (AI) models because real-time access to the most up-to-date information improves their ability to produce accurate outputs. Snowflake built a platform called Cortex AI where businesses can develop and deploy AI, and it includes a growing suite of software products to help collect data, plug it into third-party models, and bring finished apps into production.

Snowflake stock is down 20% so far in 2026 as investors generally are trimming their exposure to the software space. But the overwhelming majority of the analysts tracked by The Wall Street Journal have given the stock a buy rating, and none recommend selling. Their consensus price target points to significant upside from here, so should investors buy the dip?

Continue reading