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Where Will Snowflake Be in 1 Year?

TheMotleyFool

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Investors who've been watching Snowflake's (NYSE: SNOW) stock since its September IPO have seen quite a show. The company's shares were priced at $120 the day before it went public, then opened at a staggering $245 the next day. Since then, the stock has had some pops and big dips, with the latest being an 11% drop in a single day.

As a newly public company, it is difficult to gauge how well Snowflake will perform in the coming years, but let's take a close look at how Snowflake could tap further into the cloud data market over the next year and why the company isn't likely to be profitable anytime soon.

Image source: Getty Images.

Source Fool.com

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