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%. 

Analyst Srini Nandury says Snowflake's stock could lose a quarter of its value. Image source: Getty Images.

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Source Fool.com