10 Best Underperforming Tech Stocks to Buy for a Turnaround

7. Snowflake Inc. (NYSE:SNOW)

Short Percentage of Float: 5.37%

Snowflake Inc. (NYSE:SNOW) is one of the best underperforming tech stocks to buy for a turnaround. The stock has been punished hard enough to fit the title cleanly: The stock had a 52-week range of $118.30 to $280.67, while its May 18 closing price of $164.24 still sat far below last year’s high. Marketbeat listed a Moderate Buy consensus rating and an average price target of $242.19, leaving room for a recovery case if the company can reaccelerate around AI workloads.

The freshest support came on May 15, when Dataiku launched Cobuild on Snowflake, pairing Snowflake Cortex AI with Dataiku’s agentic builder. The integration lets joint customers turn natural-language intent into governed AI agents and workflows inside Snowflake, with visual review, validation, and approval before deployment. That matters because Snowflake’s turnaround case depends on proving that enterprise AI increases consumption of its data platform rather than bypassing it.

Snowflake also gave investors a near-term product catalyst on April 22, when it said Snowflake Summit 26 would run from June 1 to June 4 and feature new AI platform updates, 500+ sessions, 200+ partners, and hands-on labs focused on data, AI, applications, and agent-driven use cases.

Snowflake Inc. (NYSE:SNOW) operates the AI Data Cloud, a platform used by more than 13,300 customers to build, use, and share data, applications, and AI.