1 No-Brainer AI-Powered Stock Down Over 40% to Buy and Hold For 10 Years
Snowflake(SNOW) The Motley Fool·2024-07-21 21:02
Shares of this cloud-native enterprise data storage and management platform can soar much higher in the long run.Shares of cloud-native data warehouse specialist Snowflake (SNOW 0.01%) have tanked nearly 32% in 2024 and almost 43% from their 52-week high in February 2024.Snowflake surpassed consensus revenue estimates but missed earnings estimates in the first quarter of fiscal 2025 (ending April 30, 2024). Snowflake's first-quarter net revenue retention rate of 128% was also lower than 131% in the fourth q ...