Think Snowflake Stock Is Expensive? This Chart Might Change Your Mind.

Snowflake (NYSE: SNOW) has experienced significant activity since its September 2020 initial pubic offering (IPO). Between the company's rally in the bull market of 2021 and its lows amid a surprise leadership change earlier this year, investors generally have considered it an expensive stock.However, one key metric took a hit during its sell-off earlier in the year. Now, investors feel a restored level of confidence and have rallied around the new CEO and the artificial intelligence (AI)-oriented direction of the company. Consequently, its comparatively low valuation by one measure could help boost the stock.Investors should question the narrative that Snowflake is expensive due to its price-to-sales ratio (P/S) of 16.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool