Reported 17 days ago
Snowflake, once a highly regarded IPO, has seen its stock decline by 71% from its peak during the 2020-2021 market bubble. Despite this significant drop, the company maintains strong underlying business fundamentals, including a 127% revenue retention rate and a projected addressable market growth from $153 billion to $342 billion by 2028. With a current low valuation of EV-to-revenue at 11, Snowflake presents a potential buying opportunity for investors, though financial losses remain a concern.
Source: YAHOO