BUZZ-Snowflake falls despite upbeat FY27 revenue forecast

Reuters
Feb 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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