Investors are paying a premium for a quality company.
In this video, I talk about Snowflake (SNOW 2.11%) and the recent downgrades it got from analysts after it reported strong third-quarter earnings, and explain why the market values it at a premium.
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*Stock prices used were the closing prices of Dec. 13, 2022. The video was published on Dec. 14, 2022.
Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Snowflake. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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