Parkev Tatevosian, CFAPublished 2026-09-11
“Snowflake Stock is Soaring: Is it Too Late to Buy This AI Stock?”
$SNOWBearish
SNOW is overvalued at a forward P/E of 113; declining cash flow metrics do not justify the premium price, so wait for a better entry.
Snowflake's business is booming. The company reported 37% growth in its product revenue, and the management team is so excited about the current fiscal year that they raised their estimates for how much revenue they expect they will generate this year up to over 6.07 billion dollars, which would represent over 36% growth compared to the prior year.