Should You Buy Snowflake Stock Now?
Since its IPO, Snowflake(NYSE:SNOW) stock rallied to $429 before crashing below $200. Its IPO made it a blockbuster unicorn stock for 2020, but is it a buy in 2021?
Snowflake offers a cloud-based data storage and analytics service, generally termed “data warehouse-as-a-service”. It allows corporate users to store and analyze data using cloud-based hardware and software. Snowflake is technically not a Software-As-A-Service (SaaS) stock. 93% of its revenue is consumption-based. Snowflake provides…
