1 Growth Stock Down 71% to Buy Right Now
SNOWSnowflake(SNOW) The Motley Fool·2024-09-21 17:23

This once-hot stock has gone from hero to market underdog.Data analytics and warehousing company Snowflake (SNOW -3.29%) went public as one of the most hyped IPOs in modern history. But today? Investors have largely moved on. Snowflake is down a whopping 71% from its former peak, which admittedly came in 2020-2021 during a zero-percent interest rate-driven market bubble.But Snowflake's story doesn't reflect a bad business, even if the stock's price action points to that conclusion.The good news is that Snow ...