This is why some Snowflake investors are worried


[ad_1]

In today’s video I watch fundamentals, valuation measures and recent news for Snowflake (NYSE: SNOW). On June 10, 2021, Snowflake released its investor presentation, and the company is forecasting approximately $ 10 billion in revenue for its fiscal year (FY) 2029. Below, I share some highlights from the video.

  1. Future income projections could cause some investors to question the company’s current valuation of $ 71 billion. It’s important to note that so much can happen between now and Snowflake’s 2029 fiscal year that these projections can change in record time and make the company more or less attractive in terms of price.
  2. Snowflake management estimates that even by fiscal 2029, Snowflake will still be an impressive growth machine with approximately 30% year-over-year revenue growth and an adjusted free cash flow margin. by 15%.

Click on the video below for my full thoughts and analysis.

* The stock prices used were the midday prices of June 11, 2021. The video was published on June 11, 2021.

10 stocks we prefer over Snowflake Inc.
When investment geniuses David and Tom Gardner have stock advice, it can pay off to listen. After all, the newsletter they’ve been running for over a decade, Motley Fool Equity Advisor, has tripled the market. *

David and Tom have just revealed what they believe to be the ten best stocks for investors to buy now … and Snowflake Inc. was not one of them! That’s right – they think these 10 stocks are even better buys.

See the 10 actions

* The portfolio advisor returns on June 7, 2021

Jose najarro has no position in any of the stocks mentioned. The Motley Fool owns stock and recommends Snowflake Inc. The Motley Fool has a disclosure policy. Jose is a subsidiary of The Motley Fool and may be remunerated for the promotion of its services. If you choose to subscribe via his link, he will earn extra money to support his channel. His opinions remain his own and are unaffected by The Motley Fool.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

[ad_2]

About Mary Moser

Check Also

Tips for buying a house during the holidays | Immovable

The holidays are a unique time to buy a house. Sellers are scarce, the weather …

Leave a Reply

Your email address will not be published.