Snowflake Stock is Down But Its FCF Margin Guidance Could Lead to a 22% Higher Price Target
On December 3, Snowflake, Inc. (SNOW) reported strong adjusted free cash flow and FCF margins for its fiscal Q3 ended Oct. 31. Moreover, management maintained its 25% FCF margin guidance for the full FY.
That could lead to a 22% higher price target for SNOW stock at $276.49 per share. This article will show how that works out and some ways to play SNOW stock.
SNOW is trading at $226.82 midday on Monday, Dec. 8, well off its recent high of $265.00 just before its earnings results on Dec. 3.
That was even after Snowflake, which calls itself the AI Data Cloud company, reported 29% YoY growth, and its adjusted free cash flow (FCF) rose 57%.
The market…
