Snowflake Stock Skyrockets After Earnings Beat 🚀
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Snowflake stock just hit a 52-week high after delivering strong Q2 earnings. Revenue surged 32% to $1.14 billion, beating Wall Street expectations, while non-GAAP EPS came in at 35 cents versus the expected 27 cents. Analysts from Goldman Sachs, JPMorgan, BofA, and others raised their price targets—some as high as $283. The data cloud leader also raised its full-year guidance, with product revenue growth projected at 27% and AI adoption gaining momentum. Over 6,100 customers are now using Snowflake’s AI and machine learning features weekly, signaling strong demand ahead. Is this the start of a $10 billion revenue powerhouse—or is Snowflake stock overvalued after a 50% rally this year? Watch now for the full breakdown. #Snowflake #Stocks #AI