Snowflake Update: To Be Frank, It's Not Great
10 months ago
Deep Value Returns
"SNOW trimmed position: Mid-20s% growth, not 30%+ hypergrowth. Valuation at 50x fwd FCF fair but not exciting. Customer consumption trending lower, fierce competition. Exit recommended when market turns risk-on. Previously expected $250/share by 2026, now seen as average opportunity. Recommended at ~$160, awaiting better exit point."
Sentiment
neutral
Conviction
Medium
Tier
Trade Call
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Episode Information
Episode:
Snowflake Update: To Be Frank, It's Not Great
Source:
Deep Value Returns
Published:
February 27, 2025
Idea Type:
Stock Idea