Palantir Faces Earnings Test Amid 25% Stock Slump
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 02 2026
0mins
Should l Buy SNOW?
Source: CNBC
- Stock Volatility: Palantir's shares have dropped 25% over the past three months, reflecting a broader decline in software stocks, particularly amid concerns about artificial intelligence disruption, making it one of the worst performers in the S&P 500.
- Earnings Expectations: Analysts anticipate Palantir will report fourth-quarter earnings after market close on Monday, projecting earnings of 23 cents per share on revenue of $1.329 billion, despite exceeding third-quarter estimates, indicating strong growth from government contracts.
- Market Sentiment: Despite the stock slump, some analysts view this as a buying opportunity, particularly with global geopolitical conflicts and an increasing U.S. defense budget potentially driving future government and commercial revenue for Palantir.
- Divergent Analyst Ratings: Among the 27 analysts surveyed regarding Palantir, only three rated it a strong buy, while 16 maintained hold ratings, reflecting mixed sentiments about its high valuation versus future growth potential.
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Analyst Views on SNOW
Wall Street analysts forecast SNOW stock price to rise
33 Analyst Rating
30 Buy
3 Hold
0 Sell
Strong Buy
Current: 153.120
Low
237.00
Averages
278.19
High
312.00
Current: 153.120
Low
237.00
Averages
278.19
High
312.00
About SNOW
Snowflake Inc. is a data cloud and artificial intelligence company. Its platform is the technology that powers the AI Data Cloud, enabling customers to consolidate data into a single source of truth to drive meaningful insights, apply artificial intelligence (AI) to solve business problems, build data applications, and share data and data products. It provides its platform through a customer-centric, and consumption-based business model. Its cloud-native architecture consists of three independently scalable but logically integrated layers across compute, storage, and cloud services. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases with minimal latency. The storage layer ingests massive amounts and varieties of structured, semi-structured, and unstructured data to create a unified data record. Its ClearQuery platform allows users to rapidly search, explore, and analyze their data using natural language queries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Snowflake Inc. Faces Class Action Lawsuit for Securities Violations
- Class Action Reminder: The Schall Law Firm reminds investors of a class action lawsuit against Snowflake Inc. (NYSE:SNOW) for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between June 27, 2023, and February 28, 2024, which may have resulted in investor losses.
- False Statement Allegations: The complaint alleges that Snowflake's positive statements regarding tiered storage pricing and customer efficiency gains were false and misleading, failing to reflect the actual negative impact on revenues and consumption, thereby misleading the market.
- Investor Losses: As the market became aware of the truth regarding Snowflake, investors suffered damages, and the Schall Law Firm encourages affected investors to contact them before April 27, 2026, to participate in the lawsuit and seek recovery of losses.
- Legal Consultation Opportunity: The Schall Law Firm offers free legal consultations, allowing investors to reach out via phone or email to discuss their rights and explore the possibility of joining the class action lawsuit.
See More
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- Investor Rights Reminder: The firm reminds investors that April 27, 2026, is the deadline to seek the role of lead plaintiff in a federal securities class action, highlighting the importance of investor participation in legal proceedings.
- Direct Contact Channels: Investors can reach out directly to Faruqi & Faruqi partner Josh Wilson at 877-247-4292 or 212-983-9330 (Ext. 1310) for more information regarding their legal rights, demonstrating the firm's commitment to client service.
- Securities Litigation Context: This investigation reflects concerns over potential legal issues facing Snowflake, which may impact its stock price and investor confidence, prompting investors to closely monitor developments to protect their interests.
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- Significant Stock Drop: Following the financial results announcement on February 28, 2024, Snowflake's stock plummeted by $41.72, or 18.14%, closing at $188.28, reflecting market apprehension regarding the company's future revenue outlook, particularly challenges related to product efficiency and storage pricing.
- Uncertain Financial Outlook: CFO Michael P. Scarpelli indicated during the earnings call that the company anticipates revenue headwinds associated with product efficiency gains, tiered storage pricing, and customer adoption of open-source Iceberg Tables, which may further impact investor confidence and market performance.
- Legal Firm Background: Pomerantz LLP is recognized as a leading firm in class action litigation, focusing on securities and antitrust cases, with a long history of recovering multimillion-dollar damages for victims, underscoring its critical role in protecting investor rights.
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- Legal Investigation Launched: Faruq & Faruqi LLP is investigating Snowflake Inc. for potential securities violations between June 27, 2023, and February 28, 2024, due to misleading statements that may impact investor confidence and lead to litigation.
- Financial Results Disclosure: On February 28, 2024, Snowflake disclosed financial results indicating expected revenue headwinds from product efficiency gains and tiered storage pricing, resulting in an 18.14% stock price drop from $230 to $188.28 the following day, reflecting market concerns about the company's outlook.
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- Class Action Timeline: Rosen Law Firm reminds investors who purchased Snowflake Inc. securities between June 27, 2023, and February 28, 2024, that they must apply to be lead plaintiff by April 27, 2026, or risk losing their right to compensation.
- Lawsuit Background: The lawsuit alleges that Snowflake made repeated positive statements about its business during the class period while failing to disclose that product efficiency gains and pricing strategy changes would materially negatively impact consumption and revenues, leading to investor losses.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, being ranked first by ISS Securities Class Action Services in 2017, showcasing its strong capabilities and successful track record in this field.
- Investor Action Recommendations: Investors can visit Rosen Law Firm's website or call the toll-free number for more information, emphasizing the importance of selecting qualified legal counsel to ensure proper representation in the lawsuit and avoid inexperienced intermediaries.
See More
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- Class Action Reminder: The Schall Law Firm reminds investors of a class action lawsuit against Snowflake Inc. (NYSE:SNOW) for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between June 27, 2023, and February 28, 2024, which may have resulted in investor losses.
- False Statement Allegations: The complaint alleges that Snowflake's positive statements regarding tiered storage pricing and customer efficiency gains were false and misleading, failing to reflect the actual negative impact on revenues and consumption, thereby misleading the market.
- Investor Losses: As the market became aware of the truth regarding Snowflake, investors suffered damages, and the Schall Law Firm encourages affected investors to contact them before April 27, 2026, to participate in the lawsuit and seek recovery of losses.
- Legal Consultation Opportunity: The Schall Law Firm offers free legal consultations, allowing investors to reach out via phone or email to discuss their rights and explore the possibility of joining the class action lawsuit.
See More
Faruqi & Faruqi Encourages Snowflake Investors to Reach Out
- Legal Investigation Launched: Faruq & Faruqi LLP is investigating potential claims against Snowflake Inc., particularly for investors who purchased or acquired securities between June 27, 2023, and February 28, 2024, indicating concerns over the company's legal liabilities.
- Investor Rights Reminder: The firm reminds investors that April 27, 2026, is the deadline to seek the role of lead plaintiff in a federal securities class action, highlighting the importance of investor participation in legal proceedings.
- Direct Contact Channels: Investors can reach out directly to Faruqi & Faruqi partner Josh Wilson at 877-247-4292 or 212-983-9330 (Ext. 1310) for more information regarding their legal rights, demonstrating the firm's commitment to client service.
- Securities Litigation Context: This investigation reflects concerns over potential legal issues facing Snowflake, which may impact its stock price and investor confidence, prompting investors to closely monitor developments to protect their interests.
See More
Pomerantz Files Class Action Against Snowflake Inc.
- Class Action Initiated: Pomerantz LLP has filed a class action lawsuit against Snowflake Inc., alleging securities fraud and other unlawful business practices by the company and certain executives, with investors needing to apply as Lead Plaintiff by April 27, 2026, highlighting serious concerns over corporate governance and compliance.
- Significant Stock Drop: Following the financial results announcement on February 28, 2024, Snowflake's stock plummeted by $41.72, or 18.14%, closing at $188.28, reflecting market apprehension regarding the company's future revenue outlook, particularly challenges related to product efficiency and storage pricing.
- Uncertain Financial Outlook: CFO Michael P. Scarpelli indicated during the earnings call that the company anticipates revenue headwinds associated with product efficiency gains, tiered storage pricing, and customer adoption of open-source Iceberg Tables, which may further impact investor confidence and market performance.
- Legal Firm Background: Pomerantz LLP is recognized as a leading firm in class action litigation, focusing on securities and antitrust cases, with a long history of recovering multimillion-dollar damages for victims, underscoring its critical role in protecting investor rights.
See More
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- Market Confidence Decline: Despite strong growth reported by AI companies, investor confidence has waned due to the Middle East conflict, rising recession risks, and higher fuel prices, leading to an 11% drop in the tech-focused Nasdaq Composite index over the past three months.
- Snowflake's Strong Growth: Snowflake achieved a 29% increase in product revenue to $4.47 billion for fiscal 2026, with remaining performance obligations (RPO) rising 42% to $9.77 billion, indicating robust demand for its AI products and significant market potential.
- Palantir's Record Contracts: Palantir signed a record $4.3 billion in new contracts during the last quarter, up 138% year-over-year, reflecting strong growth in its customer base and contract expansion capabilities, with expectations for revenue to double in the next two years.
- Marvell's Optimistic Outlook: Marvell's custom AI processors are in high demand, with shipments expected to grow at a 21% compound annual rate through 2033, and its earnings per share jumped nearly 81% in fiscal 2026, highlighting its significant position and profitability in the AI market.
See More
Faruqi & Faruqi Investigates Snowflake Securities Litigation
- Legal Investigation Launched: Faruq & Faruqi LLP is investigating Snowflake Inc. for potential securities violations between June 27, 2023, and February 28, 2024, due to misleading statements that may impact investor confidence and lead to litigation.
- Financial Results Disclosure: On February 28, 2024, Snowflake disclosed financial results indicating expected revenue headwinds from product efficiency gains and tiered storage pricing, resulting in an 18.14% stock price drop from $230 to $188.28 the following day, reflecting market concerns about the company's outlook.
- Executive Changes Impact: On the same day, Snowflake announced the retirement of CEO Frank Slootman, which may exacerbate market uncertainties regarding corporate governance and future strategy, affecting investor assessments of the company's long-term value.
- Investor Rights Protection: Faruq & Faruqi LLP reminds investors that April 27 is the deadline to apply as lead plaintiff in the class action, emphasizing the importance of protecting investor rights and encouraging affected investors to reach out for legal support.
See More
Snowflake Inc. Class Action Notice Issued
- Class Action Timeline: Rosen Law Firm reminds investors who purchased Snowflake Inc. securities between June 27, 2023, and February 28, 2024, that they must apply to be lead plaintiff by April 27, 2026, or risk losing their right to compensation.
- Lawsuit Background: The lawsuit alleges that Snowflake made repeated positive statements about its business during the class period while failing to disclose that product efficiency gains and pricing strategy changes would materially negatively impact consumption and revenues, leading to investor losses.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, being ranked first by ISS Securities Class Action Services in 2017, showcasing its strong capabilities and successful track record in this field.
- Investor Action Recommendations: Investors can visit Rosen Law Firm's website or call the toll-free number for more information, emphasizing the importance of selecting qualified legal counsel to ensure proper representation in the lawsuit and avoid inexperienced intermediaries.
See More
