Morgan Stanley downgraded Snowflake to Equal Weight from Overweight with a price target of $175, down from $230, following the Q4 report. A sharper than anticipated deceleration implied in the fiscal 2025 guidance and CEO departure “likely spikes investor concerns” around competition and the company’s positioning for generative artificial intelligence, the analyst tells investors in a research note. The firm says its 2025 free cash flow estimate being cut 11% against a lower revenue growth profile leaves an unfavorable risk/reward for the shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SNOW: