1 Growth Stock Down 68% to Buy Before Its Turnaround, According to Wall Street
Snowflake(SNOW) The Motley Fool·2024-11-20 18:12
Snowflake (SNOW 2.21%) went public in late 2020, and its shares peaked during the tech sector's pandemic-era surge in late 2021. The stock has since declined by about 68% from that record high, but Wall Street sees a turnaround on the horizon. Among the 45 analysts who follow the company, the median price target is $169 per share -- 33% higher than its current share price of $127.Leaning into demand for AI productsSnowflake's cloud-based platform lets customers integrate, store, transform, and make sense of ...