Snowflake Q2: Assessing Impact From Cyberattack
SNOWSnowflake(SNOW) Seeking Alpha·2024-08-23 02:18
artisteer/iStock via Getty Images I published my bull thesis for Snowflake Inc. (NYSE:SNOW) in March 2024, highlighting their expansion into data cloud, powering data sharing, analytics and marketplace listing and more. The company released its Q2 FY25 results on August 21st. Despite beating the market consensus, Snowflake’s stock price got a hit due to the concerns about the cyberattack occurred in May. I reiterate a “Strong Buy” with a one-year price target of $210 per share. Impact From Cyberattack A ...