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66,000% upside on tiny biotech? (Ad)
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Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
66,000% upside on tiny biotech? (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
66,000% upside on tiny biotech? (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
66,000% upside on tiny biotech? (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
66,000% upside on tiny biotech? (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
66,000% upside on tiny biotech? (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
66,000% upside on tiny biotech? (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
NYSE:SNOW

Snowflake (SNOW) Stock Forecast, Price & News

$152.77
+1.65 (+1.09%)
(As of 09/29/2023 ET)
Compare
Today's Range
$152.46
▼
$155.17
50-Day Range
$146.94
▼
$179.29
52-Week Range
$119.27
▼
$193.94
Volume
4.30 million shs
Average Volume
3.84 million shs
Market Capitalization
$50.37 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$189.30
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainability

Snowflake MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
23.9% Upside
$189.30 Price Target
Short Interest
Healthy
2.82% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.77
Upright™ Environmental Score
News Sentiment
0.54mentions of Snowflake in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$19.74 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.62) to ($1.41) Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.51 out of 5 stars

Computer And Technology Sector

175th out of 608 stocks

Prepackaged Software Industry

44th out of 207 stocks

See Top Rated MarketRank™ Stocks Here

SNOW stock logo

About Snowflake (NYSE:SNOW) Stock

Snowflake Inc. is a cloud-based data storage, computing and analytics company with no official headquarters. The company embraced a non-centralized business model in 2021 but the history is much deeper than that.

The company was founded in 2012 as Snowflake Computing, Inc by a trio of data storage experts who kept it in stealth mode for its 1st 2 years. Snowflake Computing Inc. brought its offerings to the public in 2014 revealing that it already had 80 clients using its services. Services include cloud-based software and hardware applications that are highly scalable and include 3rd-party support to aid businesses with today’s rapidly changing technological landscape.

The company saw rapid growth over the next several years and reached unicorn status in 2017/2018. The company sold itself on the public market in 2020 and caused quite a stir when it did. The company priced its original offering at $75 to $85 per share and wound up listing them at $125 for the IPO. The IPO was oversubscribed and drove the price up to $240 before even the first trade was made. That gave the company a valuation of nearly $3.4 billion making it one of the largest cloud IPOs in history. Snowflake Computing, Inc shortened its name to Snowflake, Inc upon completion of the IPO.

Today, Snowflake Inc operates a cloud-based data platform in the United States and does business internationally. The company's primary product is Data Cloud, a cloud-based suite of tools that allows clients to consolidate data into a single location and facilitates deeper analytical insight and information sharing.

The company believes that data should not be siloed or only available for limited use. On Snowflakes platform, data is governed, which allows users to access 2nd and 3rd party data to gain the deepest insights possible. The platform also operates on the idea of a Data Lake that can be accessed anywhere from anywhere. Among the many benefits of using Snowflake’s one-cloud platform are access, global connectivity, cross-cloud operability and creating new revenue streams for businesses. The platform can be fully automated as well so clients are able “to harness data, not manage it”.

The company initially used Amazon’s AWS cloud services but switched to Microsoft’s Azure and then Google’s cloud which it is currently operating on. This progression has helped it gain its own deep insights and facilitates its ability to provide the best-in-class cross-cloud services on the market.

Security is central to the platform’s success. Not only is data stored in a centralized location and governed in a tiered manner (which keeps each business's IP and most trusted secrets safe) but the platform’s utility allows for state-of-the-art threat detection and some of the quickest response times in the industry.

Snowflake brought in $1.22 billion in revenue for 2022 and employs about 4,000 across its operating footprint. The company counts more than 1300 client partners and has more than 250 PBs of data under storage. The company offers solutions in 6 categories: Advertising, Media & Entertainment; Financial; Retail & CPG; Healthcare & Lifesciences and Marketing Analytics.

 

SNOW Price History

SNOW Stock News Headlines

October 1, 2023 | finance.yahoo.com
A Bull Market Is Coming: 1 Magnificent Growth Stock Down 62% You'll Regret Not Buying on the Dip
October 1, 2023 | msn.com
Snowflake: Take Advantage Of This Dip To Buy A Category Leader
October 1, 2023 | Behind the Markets (Ad)
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
October 1, 2023 | msn.com
Snowflake: The Data-Driven Age Of Generative AI
October 1, 2023 | americanbankingnews.com
Frank Slootman Sells 4,167 Shares of Snowflake Inc. (NYSE:SNOW) Stock
September 30, 2023 | msn.com
'Snowflake' workers spark highest workplace absences in a decade with 'stress' as major cause
September 28, 2023 | finance.yahoo.com
Atlan Launches Tag Management, Becoming One of the First Snowflake Data Governance Partners to Enable Bi-directional Tag Sync
September 28, 2023 | 247wallst.com
Thursday's Top Analyst Upgrades and Downgrades: Etsy, Johnson Controls, Kosmos Energy, Levi Strauss, Snowflake, Tesla and More
October 1, 2023 | Porter and Company (Ad)
Elon Bets Big On Controversial Energy Tech: "This Is Bigger Than AI"
If this tech goes mainstream, it could destroy the oil and gas industry, the clean energy sector, and the billionaires who profit from it…
September 28, 2023 | msn.com
I’m from Generation Snowflake, but Ian McKellen is right: trigger warnings have gone too far
September 26, 2023 | finance.yahoo.com
Dataiku Unveils LLM Mesh and Announces LLM Mesh Launch Partners Snowflake, Pinecone, and AI21 Labs
September 25, 2023 | msn.com
Driver charged with manslaughter, reckless driving in Snowflake-Taylor crash
September 25, 2023 | businesswire.com
Domo Recognized as One to Watch in Snowflake’s Modern Marketing Data Stack Report
September 25, 2023 | finance.yahoo.com
Is Snowflake Inc. (SNOW) a Buy as Wall Street Analysts Look Optimistic?
September 24, 2023 | finance.yahoo.com
An Intrinsic Calculation For Snowflake Inc. (NYSE:SNOW) Suggests It's 32% Undervalued
September 24, 2023 | finance.yahoo.com
1 Artificial Intelligence (AI) Stock Warren Buffett Owns That You May Want to Buy Hand Over Fist Right Now
September 22, 2023 | americanbankingnews.com
Snowflake Inc. (NYSE:SNOW) Given Average Recommendation of "Moderate Buy" by Brokerages
September 21, 2023 | finance.yahoo.com
NUMERATOR RECOGNIZED AS A LEADER IN SNOWFLAKE’S MODERN MARKETING DATA STACK REPORT
September 20, 2023 | msn.com
Skylab arranges series of A-frame Colorado cabins in snowflake-like pattern
September 20, 2023 | seekingalpha.com
Snowflake: The Rally Is Just Getting Started - Don't Miss It This Time
September 19, 2023 | finance.yahoo.com
NIQ Expands Data Sharing within the Connect Platform with Snowflake
September 18, 2023 | finance.yahoo.com
SAS Recognized as a Leader in Snowflake's Modern Marketing Data Stack Report
September 18, 2023 | venturebeat.com
After Snowflake acquisition, former Neeva CEO says ‘window is shutting’ for AI search disruption
September 18, 2023 | finance.yahoo.com
Is Snowflake A Buy As Valuation Of Rival Databricks Surges?
September 16, 2023 | technews.tmcnet.com
lockr Recognized as One to Watch in Snowflake's Modern Marketing Data Stack Report
September 16, 2023 | benzinga.com
Aidentified Recognized as "One to Watch" in Snowflake's Modern Marketing Data Stack Report
September 16, 2023 | benzinga.com
Hightouch recognized as a leader in Snowflake's Modern Marketing Data Stack Report
See More Headlines
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SNOW Company Calendar

Last Earnings
8/23/2023
Today
10/01/2023
Next Earnings (Estimated)
11/29/2023
Fiscal Year End
1/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Prepackaged software
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NYSE:SNOW
CUSIP
N/A
CIK
1640147
Web
www.snowflake.com
Phone
844-766-9355
Fax
N/A
Employees
5,884
Year Founded
2012

Price Target and Rating

Average Stock Price Forecast
$189.30
High Stock Price Forecast
$225.00
Low Stock Price Forecast
$105.00
Forecasted Upside/Downside
+23.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
26 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($2.66)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-796,710,000.00
Net Margins
-35.22%
Pretax Margin
-35.53%
Return on Equity
-14.07%
Return on Assets
-10.14%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
2.30
Quick Ratio
2.30

Sales & Book Value

Annual Sales
$2.07 billion
Price / Sales
24.38
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$16.07 per share
Price / Book
9.51

Miscellaneous

Outstanding Shares
329,700,000
Free Float
302,335,000
Market Cap
$50.37 billion
Optionable
Not Optionable
Beta
0.78

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Key Executives

  • Mr. Frank SlootmanMr. Frank Slootman (Age 64)
    Chairman & CEO
    Comp: $887.48k
  • Dr. Benoit DagevilleDr. Benoit Dageville (Age 56)
    Co-Founder, Pres of Product Division & Director
    Comp: $454.17k
  • Mr. Michael P. ScarpelliMr. Michael P. Scarpelli (Age 56)
    Chief Financial Officer
    Comp: $710.13k
  • Mr. Christopher W. DegnanMr. Christopher W. Degnan (Age 48)
    Chief Revenue Officer
    Comp: $710.13k
  • Mr. Thierry Cruanes
    Co-Founder & CTO
  • Mr. Marcin Zukowski
    Co-Founder and VP of Engineering
  • Mr. Sundeep Bedi (Age 49)
    Chief Information & Data Officer
  • Mr. Jimmy Sexton
    Head of Investor Relations
  • Mr. Derk Lupinek
    Sec. & Gen. Counsel
  • Ms. Denise Axelsson-Persson (Age 49)
    Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













SNOW Stock - Frequently Asked Questions

Should I buy or sell Snowflake stock right now?

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SNOW shares.
View SNOW analyst ratings or view top-rated stocks.

What is Snowflake's stock price forecast for 2023?

26 analysts have issued 1-year price objectives for Snowflake's shares. Their SNOW share price forecasts range from $105.00 to $225.00. On average, they predict the company's share price to reach $189.30 in the next year. This suggests a possible upside of 23.9% from the stock's current price.
View analysts price targets for SNOW or view top-rated stocks among Wall Street analysts.

How have SNOW shares performed in 2023?

Snowflake's stock was trading at $143.54 at the beginning of 2023. Since then, SNOW shares have increased by 6.4% and is now trading at $152.77.
View the best growth stocks for 2023 here.

Are investors shorting Snowflake?

Snowflake saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 9,290,000 shares, a drop of 15.8% from the August 31st total of 11,030,000 shares. Based on an average trading volume of 5,230,000 shares, the short-interest ratio is currently 1.8 days.
View Snowflake's Short Interest.

When is Snowflake's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our SNOW earnings forecast.

How were Snowflake's earnings last quarter?

Snowflake Inc. (NYSE:SNOW) posted its quarterly earnings results on Wednesday, August, 23rd. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.12. The business earned $674 million during the quarter, compared to the consensus estimate of $662.22 million. Snowflake had a negative trailing twelve-month return on equity of 14.07% and a negative net margin of 35.22%. The company's quarterly revenue was up 35.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.67) EPS.

What ETFs hold Snowflake's stock?

ETFs with the largest weight of Snowflake (NYSE:SNOW) stock in their portfolio include Renaissance IPO ETF (IPO), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), Spear Alpha ETF (SPRX), TrueShares Technology, AI & Deep Learning ETF (LRNZ), AXS Esoterica Nextg Economy ETF (WUGI), AXS Brendan Wood TopGun Index ETF (TGN), Direxion Daily Cloud Computing Bull 2x (CLDL) and ProShares Big Data Refiners ETF (DAT).

What other stocks do shareholders of Snowflake own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Snowflake investors own include NVIDIA (NVDA), Tesla (TSLA), Salesforce (CRM), CrowdStrike (CRWD), Boeing (BA), Shopify (SHOP), Zoom Video Communications (ZM), Fastly (FSLY), Alibaba Group (BABA) and ServiceNow (NOW).

When did Snowflake IPO?

(SNOW) raised $2.2 billion in an IPO on Wednesday, September 16th 2020. The company issued 28,000,000 shares at a price of $75.00-$85.00 per share. Goldman Sachs, Morgan Stanley, J.P. Morgan, Allen & Company and Citigroup served as the underwriters for the IPO and Credit Suisse, Barclays, Deutsche Bank Securities, Mizuho Securities, Truist, BTIG, Canaccord Genuity, Capital One Securities, Cowen, D.A. Davidson, JMP Securities, Oppenheimer, Piper Sandler, Stifel, Academy Securities, Loop Capital Markets, Ramirez and Siebert Williams Shank were co-managers.

What is Snowflake's stock symbol?

Snowflake trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNOW."

How do I buy shares of Snowflake?

Shares of SNOW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Snowflake's stock price today?

One share of SNOW stock can currently be purchased for approximately $152.77.

How much money does Snowflake make?

Snowflake (NYSE:SNOW) has a market capitalization of $50.37 billion and generates $2.07 billion in revenue each year. The company earns $-796,710,000.00 in net income (profit) each year or ($2.66) on an earnings per share basis.

How many employees does Snowflake have?

The company employs 5,884 workers across the globe.

Does Snowflake have any subsidiaries?
The following companies are subsidiares of Snowflake: SNFL Cloudtech India Private Limited, SNFL Technologies AB, Snowflake Computing Canada Inc., Snowflake Computing France SAS, Snowflake Computing GmbH, Snowflake Computing India LLP, Snowflake Computing Netherlands B.V., Snowflake Computing Pty Ltd., Snowflake Computing Singapore Pte. Ltd., Snowflake Computing Spain S.L., Snowflake Computing Switzerland GmbH, Snowflake Computing U.K. Limited, Snowflake Holdings LLC, and Snowflake K.K..
Read More
How can I contact Snowflake?

Snowflake's mailing address is 450 CONCAR DRIVE, SAN MATEO CA, 94402. The official website for the company is www.snowflake.com. The company can be reached via phone at 844-766-9355 or via email at ir@snowflake.com.

This page (NYSE:SNOW) was last updated on 10/1/2023 by MarketBeat.com Staff

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