Snowflake Stock Reverses Course After Outlook Fails to Impress

Core Insights - Snowflake Inc's shares have dropped 10% to $238.57 following disappointing Q4 operating margin guidance, overshadowing a strong Q3 earnings and revenue report and a $200 million AI deal with Anthropic [1] Group 1: Stock Performance - The stock is trading near late-November lows after a previous attempt to recover from a pullback below $230 on November 21, following a three-year high of $280.67 on November 3 [3] - Despite the recent decline, Snowflake's stock remains 54% higher year to date [3] Group 2: Analyst Reactions - Eight analysts have raised their price targets for Snowflake, with Wells Fargo and Scotiabank setting targets at $290 [2] - A mix of recommendations exists among covering brokerages, with six firms maintaining a "hold" or "strong sell" rating [2] Group 3: Volatility Metrics - Snowflake's Schaeffer's Volatility Scorecard (SVS) is at 79 out of 100, indicating that the stock has experienced higher volatility than what its options pricing suggests [4]