Snowflake releases Q2 results after Wednesday close, $SNOW stock advances 3% ahead of Q2 results. The popular data warehouse stock has suddenly been the target of negative analyst reports by claymarkets stocks trading
The popular data warehouse stock has suddenly been the target of negative analyst reports.stock is up 3% to $157.68 on Wednesday morning ahead of Q2 results out after the close. UBS, Morgan Stanley and Citi all offered up moribund predictions and/or downgrades forSnowflake earnings previewhas largely beaten analyst estimates and received lots of glowing reviews.
"While still pointing to solid growth trends overall, partner commentary suggested a downtick from 2021 growth. The primary worry is the Moving Average Convergence Divergence giving a bearish signal from its recent crossover. In the case of an earnings miss,Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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