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Snowflake Stock: Bear vs. Bull

TheMotleyFool

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Snowflake Stock: Bear vs. BullPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/ad10ed87-71d0-4096-a50b-ba9470f8264b.png

Snowflake (NYSE: SNOW) launched the largest software IPO ever in September 2020. The cloud-based data warehousing company went public at $120 per share, started trading at $245, and hit an all-time high of $405 a share last November.

But over the past two months, Snowflake's stock price tumbled nearly 30% as rising interest rates sparked a rotation away from pricier, unprofitable, and speculative growth stocks. Snowflake checked all three boxes.

Should investors consider buying some shares of Snowflake after that big pullback? Let's review the bear and bull cases to decide.

Source Fool.com

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