Is It Time to Buy the Dip in Snowflake Stock?

Snowflake's stock has never been this cheap on a valuation basis.This has has been an excellent year for many tech stocks. In fact, the tech sector of the S&P 500 is up over 30% this year. But that doesn't mean there haven't been a few laggards. Snowflake (SNOW -0.81%) has been one of those tech companies that dramatically underperformed this year, with the stock plummeting over 30%. But this could be an opportune time to buy Snowflake, as the lofty expectations that are built into many of its tech brethren ...