Snowflake (SNOW) stock dropped 11% after strong Q3 financials but weak future guidance. Operating margin projected at 7% for Q4, below expectations. Despite decline, stock is up 90% from YTD low. AI investments show promise, with $100 million in AI revenue and strategic partnerships in place.

Snowflake expects revenue growth to exceed 30% in current quarter. Post-earnings weakness offers attractive entry point for long-term investors. Trading at 24x sales, below historical average of 35x. Bullish options traders predict a 12% rally to $264 in three months. Risk-reward profile looks favorable.

UBS analysts maintain “Buy” rating on SNOW with $310 price target, suggesting over 30% upside potential. Wall Street overall recommends holding onto Snowflake stock with “Strong Buy” consensus rating. Price targets reach as high as $325, indicating a possible 40% increase from current levels.

Read more at Yahoo Finance: Should You Buy the Dip in Snowflake Stock Today?