$SNOW (Snowflake Inc.) is a great company. Previously led by a great CEO. Frank Slootman.
Many questioned the new CEO, Sridhar. But I knew of him from my own work in tech companies and believed he would continue the success.
I found the share price decline, post-slootman, to be overly exaggerated.
Fortune, with the stock being up >50% since the low last year, is now printing bullish news again!
“The CEO of Snowflake left Google to lead the $43 billion AI company—he says a weekly war room is the secret sauce behind its recent resurgence.”
Recent Analyst Upgrade from Wolfe to $235, still represents >30% upside from 170.
This is why I built it up to the second biggest position in the portfolio.
*not financial advice
Happy Trading Folks! There’s discounts out there today!
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