Is Snowflake Stock a Buy Right Now?

In this article:

In this video, I will cover Snowflake's (NYSE: SNOW) first-quarter earnings, which were better than expected, but the stock remains extremely expensive when you consider the guidance provided.

*Stock prices used were from the trading day of May 22, 2024. The video was published on May 22, 2024.

Should you invest $1,000 in Snowflake right now?

Before you buy stock in Snowflake, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Snowflake wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $584,435!*

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*Stock Advisor returns as of May 13, 2024

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Snowflake. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Is Snowflake Stock a Buy Right Now? was originally published by The Motley Fool

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