What's Going On With Snowflake Shares Monday?
Portfolio Pulse from Dylan Berman
Snowflake, Inc. (NYSE:SNOW) is set to release its Q2 2024 earnings on Wednesday. Analysts expect earnings per share of 16 cents and revenue of $851.16 million. Recently, Berkshire Hathaway sold its 6.1 million shares in Snowflake, impacting the stock. Multiple analysts have adjusted their price targets, with some lowering them significantly.
August 19, 2024 | 6:03 pm
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Snowflake is expected to release its Q2 2024 earnings soon, with analysts predicting EPS of 16 cents and revenue of $851.16 million. Berkshire Hathaway's recent sale of 6.1 million shares has negatively impacted the stock. Analysts have adjusted their price targets, with some lowering them significantly.
The upcoming earnings report is crucial for Snowflake, with analysts expecting modest EPS and revenue. Berkshire Hathaway's sale of a significant number of shares has likely put downward pressure on the stock. Additionally, several analysts have lowered their price targets, indicating a cautious outlook. These factors suggest a potential short-term negative impact on Snowflake's stock price.
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