Could Snowflake Stock Help You Become a Millionaire?
Cloud-based data platform provider Snowflake (NYSE: SNOW) went public in September 2020 and the stock shot up impressively following its initial public offering. Then it took a hammering during the broader tech stock sell-off of 2022. As a result, share prices of Snowflake are down nearly 24% since going public.
However, the good news for Snowflake investors is that it has gained some momentum over the past year with gains of 33%. While that's lower than the 60% gains logged by the Nasdaq-100 Technology Sector index in the past year, it won't be surprising to see Snowflake sustaining its recent stock market momentum and delivering healthy gains to investors in the long run.
But can Snowflake stock soar enough to make investors millionaires?
Source Fool.com
