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…

Want to know more click here go to source.

From -
Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


');(document.contains)||document.write('');(window.DOMRect)||document.write('');(window.URL&&window.URL.prototype&&window.URLSearchParams)||document.write('');(window.FormData&&window.FormData.prototype.keys)||document.write('');(Element.prototype.matches&&Element.prototype.closest)||document.write('')

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close