The valuation of Snowflake stock remains controversial. Here is what technical and fundamental analysis says about buying SNOW stock.
The cloud-based data-warehousing company Snowflake (SNOW) stock slumped post reporting earnings. Snowflake-heavy ETFs contain several high-potential companies in their kitty. Hence, the latest dip SNOW can be played via ETFs.
Shares tumbled 18%. That seems extreme. Macquarie analyst Frederick Havemeyer sees “an opportunity to enter the story during a dislocation.”