Snowflake Stock is Down But Its FCF Margin Guidance Could Lead to a 22% Higher Price Target

On December 3, Snowflake, Inc. (SNOW) reported strong adjusted free cash flow and FCF margins for its fiscal Q3 ended Oct. 31. Moreover, management maintained its 25% FCF margin guidance for the full FY. 

That could lead to a 22% higher price target for SNOW stock at $276.49 per share. This article will show how that works out and some ways to play SNOW stock.