Does anyone else think Snowflake is being unfairly priced by the market? Slootman leaving was the first big catalyst that caused the stock to drop 20%, and it’s been a slow bleed since. Admittedly, with a few spike ups.
Snowflake’s product is sticky and quite frankly, DataBricks isn’t superior enough to justify this recent tank in valuation. Their new CEO isn’t some run of the mill guy. He has great experience at Google and has leveraged partnerships with NVIDIA to build out their product further.
Many Snowflake clients just experienced a massive data breach, so is that why the stock is trading lower?
Anyone else think it’s a bargain at this price or is it still too overvalued?
Leave a Reply