Snowflake stock slides despite full-year guidance hike, solid Q2 print
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Loop Capital Reiterates Buy Rating on Snowflake Inc. (SNOW)
August 22, 2024 8:53 AM EDTLoop Capital analyst Mark Schappel reiterated a Buy rating and $185.00 price target on Snowflake Inc. (NYSE: SNOW).
The analyst comments "Snowflake's July quarter print was fine, but not great a 2.6% product revenue beat was a tad below the expected 3-5% upside, and the product revenue guide, while up and above the consensus, came in below what many investors expected. Thus, the stock was down 8%... More
Snowflake Inc. (SNOW) PT Lowered to $165 at Scotiabank
August 22, 2024 7:35 AM EDTScotiabank analyst Patrick Colville lowered the price target on Snowflake Inc. (NYSE: SNOW) to $165.00 (from $195.00) while maintaining a Sector Outperform rating.
The analyst comments "Snowflake delivered an unusual print, with a small-ish F2Q product revenue beat, alongside a very decent... More
Snowflake Inc. (SNOW) PT Lowered to $180 at Rosenblatt
August 22, 2024 6:57 AM EDTRosenblatt analyst Blair Abernethy lowered the price target on Snowflake Inc. (NYSE: SNOW) to $180.00 (from $195.00) while maintaining a Buy rating.
The analyst comments "Wednesday after the market, Snowflake reported Q2 Product revenue growth of 30%, ~3% above our expectations, and total revenue of $868.8m... More
Snowflake Inc. (SNOW) PT Lowered to $152 at Baird
August 22, 2024 6:43 AM EDTBaird analyst William Power lowered the price target on Snowflake Inc. (NYSE: SNOW) to $152.00 (from $165.00) while maintaining a Outperform rating.
The analyst comments "Remain buyers. Yesterday afternoon SNOW reported solid FQ2 results, with the 2.7% product revenue beat below FQ1's 5.6%, but still solid.... More
