Snowflake falls after quarterly results

Snowflake

04/12/2025 09:47

** Shares of cloud data analytics firm Snowflake SNOW.N fall 8.8% to $241.50 premarket

** Co forecasts Q4 product revenue of $1.19 billion to $1.20 billion vs analysts' estimates of $1.18 billion, according to data compiled by LSEG

** Reports quarterly rev of $1.21 billion, compared to analysts' estimates of $1.18 billion

   ** Analysts at Scotiabank say the results were not "exceptional enough", and slightly below buy-side expectations

** 43 of 51 brokerages rate the stock "buy" or higher, seven "hold" and one "sell" or lower; their median PT is $280, per LSEG data

** YTD, stock has risen ~72% vs ~16.5% rise in S&P 500 .SPX and is ~5.5% below its 52-week intraday high of $280.48

 (Reporting by Joel Jose in Bengaluru)

 ((mailto: joeljose@thomsonreuters.com))