Is Snowflake Stock Set to Soar to $200? Here's What Analyst Thinks
Wednesday, 15 May 2024, 19:00
Why Snowflake stock is down
Snowflake's product revenue growth is slowing down, raising concerns about valuation. Analyst Brad Sills notes weakening page views data indicating a possible decline in revenue. Despite a $200 price target implying some upside, the stock's pricey valuation may hinder significant gains.
Should you invest $1,000 in Snowflake right now?
Consider why The Motley Fool Stock Advisor team excludes Snowflake from its top picks. While a $200 target suggests a rebound potential, Snowflake's current valuation and growth prospects remain uncertain.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.