Snowflake's Valuation Is Attractive Enough To Buy

Sundry PhotographySnowflake's (NYSE:SNOW) recovered to $137 from its 52-week low of $122 in late June. I believe the downside is limited from here and if it executes well the stock should continue going up. It's had a disastrous year so far, down 31% YTD. On earnings day, Feb 28th, Snowflake announced that the existing CEO Frank Slootman was leaving his role but continuing on as chairman. Neeva’s cofounder, which was taken over by Snowflake in 2023 to augment its AI capabilities, Sridhar Ramaswamy, was  ...