Wedbush backs Snowflake after Q3 beat, eyes buy-the-dip chance

Wedbush backed Snowflake after it beat Q3 revenue and earnings expectations, citing strength in product revenue and remaining performance obligations. The firm said demand for Snowflake data cloud remains robust but warned that lofty Street expectations could overshadow guidance. Wedbush added it would consider buying shares if prices weaken, viewing any dip as an opportunity.