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Snowflake's stock dipped after price target cuts despite strong earnings and AI-driven growth momentum.
Citigroup lowered Snowflake’s price target to $270 from $300 but kept its buy rating, while Goldman Sachs cut its target to $246, also maintaining a buy.
The company reported strong earnings with $0.35 EPS and 28.7% revenue growth, though it posted negative net and return on equity.
Despite insider sales totaling over $148 million in 90 days, Snowflake sees momentum in AI-driven revenue, with a reported $100 million annualized run rate.
Analysts remain divided over risks like litigation and regulatory uncertainty versus growth potential in data analytics.
The stock trades around $172.49 with a market cap of $59 billion.
Las acciones de Snowflake cayeron después de los recortes del precio objetivo a pesar de las fuertes ganancias y el impulso de crecimiento impulsado por la IA.