Snowflake Shares Are Trading Lower: What's Going On
Portfolio Pulse from Vaishali Prayag
Snowflake Inc. (NYSE:SNOW) shares are trading lower, down by 5.68% at $123.05. The company is set to release its quarterly earnings on Aug. 21, 2024, with analysts expecting an EPS of 16 cents and revenue of $849.704 million. Recent options trading shows mixed sentiments, and analysts have provided varied price targets ranging from $165 to $220.
August 01, 2024 | 7:37 pm
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Snowflake Inc. shares are down 5.68% to $123.05. The company is set to release its quarterly earnings on Aug. 21, 2024, with analysts expecting an EPS of 16 cents and revenue of $849.704 million. Recent options trading shows mixed sentiments, and analysts have provided varied price targets ranging from $165 to $220.
The decline in Snowflake's share price by 5.68% indicates negative market sentiment ahead of its earnings report. Mixed options trading activity and varied analyst price targets suggest uncertainty. The upcoming earnings report will be crucial in determining short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100