Snowflake Stock To $120?
1. SNOW stock increased 130%, outpacing S&P 500's 20% gain. 2. Snowflake's valuation exceeds 20x sales, raising profitability concerns. 3. Major competition from AWS, Google Cloud, and Azure threatens growth. 4. Potential downside risks could revert SNOW to $130 during market correction. 5. Investors face a challenging landscape amid elevated valuations and losses.