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Snowflake, a tech leader with $3.1 billion ARR, is experiencing a shift in perception as its growth rate slows to 32%. Monness, Crespi, Hardt upgraded Snowflake's rating to Neutral from Sell, citing challenges in FY:25. Palantir's revenue growth is compared to Snowflake's in the SaaS sector.
As far as SaaS plays goes $SNOW isn’t that expensive anymore. I think you can project out 20% annual returns from here for next few years.
As far as SaaS plays goes $SNOW it’s that expensive anymore. I think you can project out 20% annual returns from here for next few years.
Here’s a look at how fast Palantir $PLTR is growing revenues alongside Wall Street software-as-a–service (SaaS) darling, Snowflake $SNOW. Credit: Nanalyze https://t.co/26Y0y6VYrn