TECH - Snowflake Q4 Preview: Analyst Sees 'Outsized Benefit' From AI Growth Cloud-Native Data Platform 'Disrupting A Massive Market' | Benzinga
Snowflake Inc (NYSE:SNOW), will be reporting its fourth-quarter earnings on Wednesday, Feb. 28. Wall Street expects 18 cents in EPS and $759.10 million in revenues as the company reports after market hours.
Snowflake is known for its cloud-based data warehousing platform, providing scalable and efficient data storage, processing, and analytics solutions for organizations.
Also Read: Snowflake: AI Is A Major Tailwind Even As ‘Optimization Hangover’ Lingers
The SNOW Analyst: Needham analyst Mike Cikos, CFA has a Buy rating on Snowflake stock with a price target of $265 (raised from $225) a share.
The SNOW Thesis: Cikos believes Snowflake is poised for a robust performance in FY24, with an expectation to outperform both revenue and ...