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Why Snowflake Stock Dropped on Friday

TheMotleyFool

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Snowflake (NYSE: SNOW) revealed its plans Thursday to grow its product revenue from $500 million last year to $10 billion in fiscal year 2029.

Investment bank Morgan Stanley immediately hailed the projection as "unprecedented" growth and "faster than any other company in software." And Snowflake stock is down 3.8% as of 10:45 a.m. EDT Friday.

How does that compute?

Source Fool.com

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