Shares of Walt Disney (NYSE: DIS) fell by 6.9% on Friday following the release of Netflix's (NASDAQ: NFLX) fourth-quarter results. Netflix warned of slowing subscriber growth for its popular streaming service. The digital entertainment leader expects to add just 2.5 million subscribers in the first quarter. Read More...
Motley Fool
Why Snowflake Stock Fell on Friday
Shares of Snowflake (NYSE: SNOW) slumped on Friday, closing down 4.2% for the day, after Deutsche Bank (NYSE: DB) cut its price target on the cloud-based data storage and analytics service from $400 to $375. Deutsche Bank’s call was made as one part of a wide-ranging series of reductions in software stocks’ price targets (but no actual downgrades). In addition to Snowflake, the banker cut its valuations on about a dozen different tech stocks today, including names such as Palantir Technologies, Salesforce, and Oracle.
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