Snowflake Q3: Firing On All Cylinders
Portfolio Pulse from
Snowflake's stock has surged 48% since a 'Strong Buy' rating in August 2024. The company has a strategic partnership with Anthropic to enhance Cortex AI, which is expected to drive growth. Q3 FY25 results showed strong revenue and RPO growth, leading to raised full-year guidance.
November 22, 2024 | 6:00 am
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POSITIVE IMPACT
Snowflake's stock has increased by 48% since August 2024, driven by a strategic partnership with Anthropic and strong Q3 FY25 results. The company reported 28.3% YoY revenue growth and a 55% increase in RPO, leading to raised full-year guidance.
The 48% stock surge since August 2024 indicates strong market confidence. The partnership with Anthropic is expected to enhance AI capabilities, likely increasing customer adoption. Strong Q3 results with significant revenue and RPO growth further support a positive outlook, justifying the raised guidance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100