1 Green Flag and 1 Red Flag for Snowflake Stock
Snowflake (NYSE: SNOW) stock has seen some volatile swings since the company went public in September 2020. While the data services specialist's shares once traded above $400 each, it's seen some big pullbacks in conjunction with macroeconomic shifts and some business-specific developments. The company's share price is now down roughly 30% from market close on the day of its initial public offering, and down 56% from the lifetime high it reached in November 2021.
While the stock has explosive upside potential, it also comes with significant risk factors that could derail the bull case. If you're considering investing in Snowflake stock, or already own shares, read on for a look at key dynamics that could shape where the stock heads next.
Snowflake provides a platform for combining, storing, and analyzing data. With the company's data-warehousing tools, customers are more able to combine data sets from different cloud platforms.
Source Fool.com
