
Snowflake Client Wins Test AI Data Cloud Story And Rich Valuation

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Snowflake (NYSE:SNOW) has announced partnerships with Sumo Logic and Zinnia, enhancing its AI Data Cloud for security analytics and insurance operations. Currently trading at $211.27, Snowflake's stock has shown mixed performance, with a 20.4% gain over the past year but a 25.1% decline over five years. Analysts suggest the stock is overvalued, trading 35.9% above fair value, and the company is not expected to reach profitability in the next three years. Investors should monitor how these partnerships impact revenue and profitability moving forward.
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