Levi & Korsinsky filed a securities class action concerning Snowflake securities purchased between June 27, 2023 and Feb. 28, 2024. The complaint focuses on statements about consumption trends and a USD 10 billion 2029 product-revenue target that the firm alleges omitted risks tied to efficiency gains, tiered storage pricing, and Iceberg Table adoption. On Feb. 28, 2024, Snowflake reported increased revenue headwinds, withdrew the USD 10 billion target, and said efficiency gains had a 6% revenue impact. Following that disclosure, Snowflake shares fell USD 41.72, or 18%. The firm is seeking a lead plaintiff by April 27, 2026, and provided links to Find out if you are eligible to recover losses and Submit your claim before the deadline.

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