Snowflake Takes Beating Despite Strong Results: 5 Analyst Deep Dives On Q2 Print
Portfolio Pulse from Priya Nigam
Despite reporting better-than-expected results for its fiscal second quarter, shares of Snowflake Inc (NYSE:SNOW) declined in early trading on Thursday. Analysts from Piper Sandler, Mizuho Securities, Morgan Stanley, Goldman Sachs, and Needham provided their insights on the earnings release, with most maintaining a positive outlook on the company's future growth. However, the company's stock price declined by 2.22% to $152.25 at the time of publication.
August 24, 2023 | 2:43 pm
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Snowflake's shares declined despite better-than-expected Q2 results. Analysts maintain a positive outlook, but the stock price fell by 2.22% to $152.25.
Despite reporting better-than-expected results for its fiscal second quarter, Snowflake's shares declined in early trading. This is likely due to market volatility and investor sentiment. However, analysts maintain a positive outlook on the company's future growth, which could potentially influence the stock's performance in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100