Matt McCall and the InvestorPlace Research Staff, Author at Daily Trade Alert

Caution: Wait to Buy Snowflake (SNOW)

In short, it sports impressive growth and a bevy of big investors, but the stock also has a huge valuation. Let’s hold out for a better price.

It’s up 34% so far this year and should have further to run.

With strong secular growth in several of its businesses, it’s attractive to long-term investors.

At this point, it should be a core holding for almost every investor.

It’s been hammered, but has likely seen the worst of Covid-19 and presents long-term value to investors.