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Stock impact report

Raymond James Assumes Coverage of Snowflake (SNOW) Stock with an Outperform Rating [Yahoo! Finance]

Snowflake Inc. (SNOW) 
Last snowflake inc. earnings: 5/4 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
On December 15, Raymond James assumed coverage of the company's stock with an “Outperform” rating and with a price objective of $250, down from the prior target of $274. Analyst Adam Tindle believes that the company is at an inflection point, evolving from a cloud data warehouse into the broader data and AI platform, while long-term growth and margin durability remain under scrutiny. Snowflake Inc. (NYSE:SNOW) has been pushing to unify structured, semi-structured, unstructured, and transactional workloads. It is also enabling application development via Snowpark and container services. Since Snowflake Inc. (NYSE:SNOW) runs on the usage-based model, its growth is sensitive to customer optimization cycles, added the analyst. While the company has invested in automation and cost-governance tools, there are questions about visibility into durable usage growth. In a different update, Snowflake Inc. (NYSE:SNOW) announced a significant milestone in the strategic collaboration with AWS, d Show less Read more
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