Snowflake Stock Will Plunge 25% to $175, According to This Analyst
Shares of Snowflake (NYSE: SNOW) have come too far, too fast.
So says Summit Insights analyst Srini Nandury. On Monday, Nandury urged investors to sell Snowflake stock. He sees shares hitting $175, down from their current price near $235. If he's correct, shareholders in the recent initial public offering could sustain losses of roughly 25%.
Source Fool.com