Snowflake Inc (SNOW)

[Prudent Capitalist]

If increasing revenue by 101% over the previous comparable quarter and improving the bottom line is bad, then Houston, we have a problem. It appears that the problem was disappointing forward guidance that did not match Wall Street expectations. SNOW is a screaming buy down here for long term investors, e.g. this am Cowen & Co. maintained its outperform rating but lowered its price target for SNOW to $390. Several firms still have price targets in the high $300's for SNOW, even after adjustments since the release last evening. I sure wouldn't sell any SNOW shares down here.