Snowflake Beat Expectations in Q3, but This Is Why I'd Still Avoid the Stock
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Snowflake's stock showed improvement after better-than-expected Q3 results, but concerns remain due to the unexpected CEO retirement earlier this year, which led to a stock sell-off.
December 06, 2024 | 9:30 am
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Snowflake's stock improved after Q3 results exceeded expectations. However, the unexpected CEO retirement in February caused a sell-off, raising concerns about leadership stability.
The positive Q3 results provide a short-term boost to Snowflake's stock. However, the unexpected CEO retirement earlier this year has left investors cautious about the company's leadership stability, which could limit the stock's upward momentum.
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