"Snowflake's CEO Transition Sparks Stock Volatility and Analyst Debate"

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Source: Benzinga
"Snowflake's CEO Transition Sparks Stock Volatility and Analyst Debate"
Photo: Benzinga
TL;DR Summary

Snowflake's shares dropped 20% after reporting Q4 results, issuing conservative fiscal 2025 guidance of 22% Y/Y growth, and announcing CEO Frank Slootman's transition. Analysts have mixed reactions, with some maintaining bullish outlooks due to the company's solid performance, conservative guidance assumptions, and potential for AI innovations to drive revenue growth. Despite disappointment over the guidance, analysts see upside potential and believe the CEO transition and conservative outlook set the stage for potential outperformance under new leadership.

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