Macquarie lowered the firm’s price target on Snowflake to $200 from $205 and keeps an Outperform rating on the shares. Snowflake kicked off FY25E with “strong results across the board in fiscal Q1, but lowered its FY25 margin guidance on more GPU-related costs as it invests into AI initiatives for future growth opportunities, the analyst tells investors. Snowflake’s focus on investments into real AI initiatives reinforces the firm’s positive view, the analyst added.
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