Snowflake Stock Analysis - Is It a Buy?

11/07/2023 21 min

Listen "Snowflake Stock Analysis - Is It a Buy?"

Episode Synopsis


Stay informed with our free disruptive technology investing newsletter, Nanalyze Weekly. Signup now at https://www.nanalyze.com/nanalyze-weekly/. This episode is pulled from a YouTube presentation. View the original presentation at https://youtu.be/Jyp5RBnwmgQ.

Our Snowflake stock analysis looks at key metrics for this rapidly growing data warehousing company that's now decided that generative AI is the way forward. We're largely dismissing their conversion to the generative AI religion as hype and focusing on how they've responded to the recent macroeconomic headwinds. The short answer is that the company continues to fire on all cylinders with strong net retention rates, especially among their largest clients. There's lot of room to grow, and they appear to be cozying up to one of their biggest competitors (at least according to Gartner), Microsoft. If you're holding SNOW stock then this analysis of their recent investor deck is a must-see. If you're thinking about investing in Snowflake stock, then you'll be particularly interested in the $SNOW valuation slide.