Strong Sell SNOW by Jan 12, 2028.

Snowflake reported Q2 last week and the numbers were a blowout, product revenue grew 37% yoy to $1.49B, the third straight quarter of accelerating growth after they exited last fiscal year at 30%. They beat top and bottom line, raised full year product revenue guidance to $6.07B, and lifted operating margin guidance to 14.5%. Net revenue retention is still 126%, the AI products are real and now drive roughly half the acceleration. The sell side agreed, with Goldman moving to …