BUZZ-Snowflake falls despite upbeat FY27 revenue forecast

Reuters

02/26

BUZZ-<a href="https://laohu8.com/S/SNOW">Snowflake</a> falls despite upbeat FY27 revenue forecast

** Snowflake SNOW.N falls ~1.5% to $166.72 premarket

** Cloud data analytics firm forecasts FY27 product revenue above Street estimates, as booming enterprise demand for AI tools drives clients to co's cloud-based data analytics platform

** Q4 revenue jumps 30% y/y to $1.23 bln vs analysts estimate of $1.18 bln

** Barclays says despite co's status as AI-winner within software, it has suffered in line with sector so far this year

** Barclays, at least five other brokerages slash PT post results

** Stock rated "buy" on average; median PT is $248, per data compiled by LSEG

** As of last close, SNOW down ~23% this year

(Reporting by Akriti Shah in Bengaluru)

((akriti.shah@thomsonreuters.com))

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median PT is $248, per data compiled by LSEG</p><p>** As of last close, SNOW down ~23% this year</p><p> (Reporting by Akriti Shah in Bengaluru)</p><p> ((akriti.shah@thomsonreuters.com))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2250418816.HKD","symbol_name":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260226:nL6N3ZM0G2:1","article_id":"2614601918","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2614601918","pubTimestamp":1772098691,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Snowflake falls despite upbeat FY27 revenue forecast** Snowflake SNOW.N falls ~1.5% to $166.72 premarket** Cloud data analytics firm forecasts FY27 product revenue above Street estimates, as booming enterprise demand for AI tools drives clients to co's cloud-based data analytics platform. ** Q4 revenue jumps 30% y/y to $1.23 bln vs analysts estimate of $1.18 bln. ** Barclays says despite co's status as AI-winner within software, it has suffered in line with sector so far this year. ** Barclays, at least five other brokerages slash PT post results. ** Stock rated \"buy\" on average; 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