Snowflake Blows Past Earnings – Stock Hits 52-Week High - video Dailymotion

Benzinga

Snowflake shares surged after reporting a 32% revenue jump to $1.14B and earnings well above Wall Street estimates. Major banks like Goldman and JPMorgan raised price targets, some as high as $283. With over 6,100 customers using its AI tools weekly, adoption is accelerating fast.

Transcript

00:00Snowflake stock just exploded to a 52-week high, and analysts think this is only the beginning.

00:06The data cloud giant reported blowout earnings.

00:09Revenue surged 32% to $1.14 billion, smashing Wall Street expectations.

00:16Non-gap earnings hit $0.35 per share, well above estimates.

00:19Analysts are piling in Goldman, JPMorgan, B of A, and more all raised price targets,

00:25some as high as $283.

00:27The company also boosted its full-year outlook, and says AI workloads are still in the early innings.

00:34With over 6,100 customers already using its AI tools weekly, adoption is accelerating.

00:40Snowflake shares are already up more than 50% this year, so here's the question.

00:45Is this the start of a $10 billion revenue powerhouse, or is the stock overheated?

Snowflake Blows Past Earnings – Stock Hits 52-Week High

Category

Transcript

Be the first to comment

Recommended