Snowflake Stock Soars on Strong Earnings and Optimistic Outlook
TL;DR Summary
Snowflake's stock surged 20% in after-hours trading following strong earnings and an improved revenue outlook, with fiscal 2025 product revenue now expected at $3.43 billion. The company also announced a partnership with AI startup Anthropic and the acquisition of Datavolo. Key price levels to watch include $145, $165, $182, and $200, with support around $125. Despite a 35% decline earlier this year, the stock's recent performance suggests a potential bullish reversal.
- Snowflake Price Levels to Watch as Stock Pops 20% on Strong Earnings, Outlook Investopedia
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- Snowflake Reports Financial Results for the Third Quarter of Fiscal 2025 Snowflake - Investor Relations
- Snowflake’s stock flies higher as software company’s outlook impresses MarketWatch
- Snowflake Gives Strong Sales Outlook on Pickup of New Products Bloomberg
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