The popular data warehouse stock has suddenly been the target of negative analyst reports.stock is up 3% to $157.68 on Wednesday morning ahead of Q2 results out after the close. UBS, Morgan Stanley and Citi all offered up moribund predictions and/or downgrades forSnowflake earnings previewhas largely beaten analyst estimates and received lots of glowing reviews.
"While still pointing to solid growth trends overall, partner commentary suggested a downtick from 2021 growth. The primary worry is the Moving Average Convergence Divergence giving a bearish signal from its recent crossover. In the case of an earnings miss,Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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