Is it finally time to buy SNOW stock

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technicalrise2
Posts: 8
Joined: Sat Apr 24, 2021 5:46 pm

Is it finally time to buy SNOW stock

Post by technicalrise2 »

Snowflake Inc. is a truly extraordinary company, but there has been an issue up to this point about its valuation. But now, 7 months after its initial public offering, trading at around the same price point at which it opened for trading on the NYSE, with two quarterly earnings reports under its belt as a public company, it seems like its valuation compared to its projected long term earnings growth makes it not just a good deal but a GREAT deal.

I am not the only one who has noticed this unique confluence of factors: valuation, growth rate, market positioning.

Here's a an Article from 2 days ago on Seeking Alpha:

Time For A Second Look At Snowflake
Apr. 26, 2021 12:10 PM ETSnowflake Inc. (SNOW)AMZN, GOOG, GOOGL...
Summary
Snowflake was one of the most exciting IPOs in recent years, but valuation concerns have kept many investors on the sidelines.
It is time to take a second look: The company has two earnings reports in the bag, the lock-up period expired, and the stock has been halved from its highs.

And as this chart from Clouded Judgment shows the actual

Image

In fact, as this chart also from Clouded Judgment, Snowflake Inc. could even be considered cheaper than the median growth company

Image

Given Snowflake's unique competitive position, it's exceptional growth rate, and most importantly it's staggering MOAT, now seems like it is the time to finally be buying SNOW stock.
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