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Software firm Snowflake's stock experiences a rerating dynamic after recent downdrafts. Analysts upgrade rating to Neutral from Sell, projecting challenging year ahead. Investors anticipate 20% annual returns. Stock closes near high of day, showing signs of recovery.
Snowflake ($SNOW) finally had a relief bounce today. Let's see if it can get to trendline. The Forward P/E now is... 163X. And DataBricks IPO is coming soon. I have no position on Snowflake. But, this is one to keep watching and see if it can get its mojo back. I'm on the… https://t.co/n4jjdggqAc
$SNOW looking to close near hod. It is a start.
$SNOW daily https://t.co/jSawX0Bpug
