Snowflake: An Oversold And Underappreciated Growth Pick


  • Snowflake Inc. is trading at -44.8% off year-to-date highs.
  • Our assessment of Snowflake’s prospects suggests that the company should further extend its market leadership over competitors due to its superior product ecosystem.
  • Despite Snowflake’s aggressive spending in recent quarters, its fundamentals remain healthy, and we estimate Snowflake will turn a profit within the next three years.
  • For short-term traders, we also think that the stock is in oversold territory and could be due for an imminent rebound.
  • Accordingly, we initiate our coverage of Snowflake with a “Buy” rating.

Sale Price

alexsl/E+ via Getty Images

Snowflake Inc. (NYSE:SNOW) stock has been under severe selling pressure since the company reported mixed FYQ1 results on 22 May. Some Wall Street analysts have also expressed doubts over Snowflake’s AI roadmap under the leadership of

Analyst’s Disclosure: I/we have a beneficial long position in the shares of SNOW either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Leave a Reply

Your email address will not be published. Required fields are marked *