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Posted by
Two Blokes May 17 -
Filed in
Stock
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2 views
I maintain a strong sell on Snowflake due to sharply decelerating growth, declining net revenue retention, and heavy stock-based compensation dilution. Snowflake's consumption-based revenue model is weakening, with customers buying more credits than they use, risking smaller contract renewals and future revenue declines. Valuation remains extremely stretched, with forward P/E and price-to-sales multiples far above sector medians, unjustified by slowing fundamentals and intensifying competition.
