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• If you are wondering whether Snowflake’s current share price still lines up with its long term potential, the starting point is to understand what the market is actually paying for the stock today.

• Snowflake closed at US$153.72, with returns of 12.6% over the last 7 days and 3.0% over the last 30 days, set against a year to date return of a 29.1% decline and a 1 year return of an 11.6% decline.

• Those mixed returns sit against a backdrop of ongoing attention on Snowflake’s role in cloud data platforms and partnerships with major technology players, which often influences how investors think…