1 Analyst Cut Snowflake's Price Target by 24%: Here's Why They're Right
SNOWSnowflake(SNOW) The Motley Fool·2024-03-02 20:35

After the market closed Wednesday, Snowflake (SNOW -0.83%) published results for the fourth quarter of fiscal 2024 (ended Jan. 31). While the company posted sales and earnings results that came in ahead of Wall Street's expectations, investors weren't happy. Not only did Snowflake's forward guidance raise concerns, but the data-warehousing specialist announced that CEO Frank Slootman had retired and been replaced in the role by Sridhar Ramaswamy -- the company's former Senior Vice President of AI. Analysts ...