NASDAQ:BILL News 4 January 2026

February 3, 2026, 10:30 AM EST. Snowflake (SNOW) shares have dropped 28% over three months, closing at $190.68, slightly below an internal intrinsic value estimate implying a 2% discount. Despite a mixed long-term total return-with a 4.5% gain over one year but a 37.4% decline in five years-momentum has softened recently. Analysts highlight valuation discrepancies, with a widely cited fair value at $78.83, suggesting the stock may be overvalued amid rising competition in cloud data warehousing and AI. Snowflake trades at a high price-to-sales ratio of 14.9 times, above the US IT sector average of 2.3 but below its peers' 18.8 times, reflecting investor debate over the sustainability of its growth and profitability projections.