Snowflake Inc. (SNOW) PT Raised to $340 at JPMorgan
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Snowflake (SNOW) Stock Surges on Strong Sales and Outlook, Analysts Bulled-up
December 2, 2021 7:15 AM ESTShares of Snowflake (NYSE: SNOW) are up 14.5% in pre-open Thursday after the company delivered strong Q3 results and outlook.
Revenue came in at $334.4 million to top the analyst consensus of $305.5 million. Product revenue soared to $312.5 million, marking 110% year-over-year growth.
Snowflake saw momentum accelerate in Q3, with product revenue growing 110% year-on-year to $312.5 million. Continued international expansion during the quarter resulted in product revenue from the EMEA and APJ regions up 174% and 219% year-on-year, respectively, said Frank Slootman, Chairman and CEO, Snowflake.
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