This tech stock could remain range-bound after its IPO

The year has had its share of tech initial public offerings, and usually, these tech stocks soar after their IPO. Snowflake Inc (NYSE:SNOW) surged past its IPO price of $120, although since then, it has been range-bound in the $240 to $250 area. Plenty of experts are touting other software stocks instead of Snowflake, so does that mean it’s fully valued? Analyst commentary on the company is mixed.Q3 2020 hedge fund letters, conferences and moreAt least nine analysts initiated coverage of Snowflake Inc with the equivalent of a buy rating, while at least seven initiated with the equivalent of a …

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HEDGE accordingly