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Snowflake Inc. (SNOW) Down 17.7% Since Q3 2026, Here’s What You Need to Know

​Snowflake Inc. (NYSE:SNOW) is one of the Best SaaS Stocks to Buy Right Now. The share price of Snowflake Inc. (NYSE:SNOW) has fallen more than 17.7% since its fiscal Q3 2026 earnings release on December 3. The cautious investor sentiment comes despite the company exceeding Wall Street estimates and is mainly due to concerns regarding slowing growth. However, Wall Street maintains a positive outlook with analysts’ 12 month average price target reflecting more than 29% upside from the current level.

​Recently, on December 8, Tyler Radke from Citi reiterated a Buy rating on the stock and lowered its price target from $310 to $300. Earlier on December 4, UBS maintained a Buy rating on Snowflake Inc. (NYSE:SNOW) with a $310 price target.

​The company during fiscal Q3 2026 grew its revenue by 28.75% year-over-year to $1.21 billion, surpassing estimates by $28.9 million. Moreover, the EPS of $0.35 also came in ahead of the expectations by $0.04. Management attributed the growth to continued strength in the company’s core business and expansion into data engineering and AI workloads. Notably, management also reported a net revenue retention rate of 125% and also added a record 615 new customers during the quarter.

​Tyler Radke from Citi lowered the price target on Snowflake Inc. (NYSE:SNOW) despite the performance. The analyst noted the earnings beat was lower than the firm’s expectations, although he believes the Q4 sales guidance of 27% is strong.

​Analysts at UBS also called the recent quarter slightly disappointing. The firm highlighted that the 29% product revenue growth in the third quarter was lower than the 32% growth in the second quarter, reflecting a slight slowdown in quarter-over-quarter growth. UBS also cited optimistic Q4 guidance as a key factor behind its positive outlook on the stock.

​Snowflake Inc. (NYSE:SNOW) is an American cloud-based data platform company. It offers an AI Data Cloud platform, which enables organizations to build, use, and share data, applications, and AI.

While we acknowledge the potential of SNOW to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNOW and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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