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I bought $SNOW as mentioned 2 days ago at $153.7 https://t.co/08x0rvPvOo
$SNOW at $166.36 Working wel https://t.co/RZuELHv50w https://t.co/ID0vf6Y1TF
$SNOW now only at ~120x 2026 forecasted adjusted earnings. Those adjusted earnings are about $580 million, but exclude stock comp of over $1.6 Billion. A lot of these companies are nothing but long term transfers of wealth to insiders and employees.
Snowflake Inc. ($SNOW) stock is showing signs of a downtrend break above the $161 level. Traders have seen the stock rise from $153.7 to $162 in a day. The stock is currently around $166.36. Concerns have been raised about the company's valuation, with its 2026 forecasted adjusted earnings at around $580 million, excluding stock compensation of over $1.6 billion, leading to discussions about wealth transfers to insiders and employees.