Why Snowflake Stock Dropped on Friday

why snowflake stock dropped on friday

Sumary of Why Snowflake Stock Dropped on Friday:

  • And the reason for that is that Morgan Stanley reasons that, in order for Snowflake to grab as much market share as it’s aiming for, the revenue growth may need to come at the cost of competing on price and sacrificing profit margins..
  • because of the sales growth, but JMP worried that the company’s targeted operating profit margin of 10% plus was less than analysts had hoped to see..
  • And as of this moment at least, no one on Wall Street thinks Snowflake will earn a profit before 2026 at the earliest…

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