Published on 26 May 2023 on Market Watch
Snowflake Inc. lost another believer after its latest earnings report, as Wolfe Research analyst Alex Zukin moved to the sidelines on the shares.
Back when he initiated coverage of the stock in April 2022, Zukin thought the company had “the best management team in software, best product and best growth rate,” with the potential to expand revenue by about 50% in calendar 2024.