Down 57.8% in 2022, Is Snowflake Stock a Buy for 2023?

By Parkev Tatevosian, CFA – Jan 2, 2023 at 9:00AM

NYSE: SNOW

Snowflake

Market Cap

$52B

Today's Change

(-2.17%) -$3.37

Current Price

$151.62

Price as of April 25, 2024, 12:02 p.m. ET

The cloud business is snowballing but losing money on the bottom line.

Snowflake (SNOW -2.17%) could surprise investors in 2023. This video will determine if investors should buy Snowflake stock right now.

*Stock prices used were the afternoon prices of Dec. 30, 2022. The video was published on Jan. 1, 2023.

Parkev Tatevosian, CFA 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. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.