Snowflake Soars 18% in a Month: Should You Buy the Stock or Wait?

Key Takeaways Snowflake stock rose 17.6% in a month, beating the tech sector's 2.9% and internet software's 0.8%. Growth is fueled by expanding AI partnerships, portfolio launches, and strong customer adoption. Snowflake guides Q3 revenue of $1.125B-$1.13B, projecting 25%-26% year-over-year product revenue growth. Snowflake (SNOW) shares have soared 17.6% in one month, outperforming the Zacks Computer and Technology sector’s growth of 2.9% and the Zacks Internet Software industry’s increase of 0.8%. The out ...