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Snowflake (SNOW) Stock Price, News & Analysis

$144.96
-0.49 (-0.34%)
(As of 11:16 AM ET)
Today's Range
$144.60
$147.25
50-Day Range
$145.45
$236.11
52-Week Range
$135.26
$237.72
Volume
1.64 million shs
Average Volume
6.59 million shs
Market Capitalization
$48.45 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$202.00

Snowflake MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.61 Rating Score
Upside/​Downside
39.0% Upside
$202.00 Price Target
Short Interest
Healthy
2.87% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.77
Upright™ Environmental Score
News Sentiment
0.29mentions of Snowflake in the last 14 days
Based on 33 Articles This Week
Insider Trading
Selling Shares
$36.87 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($1.90) to ($2.04) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.44 out of 5 stars

Computer And Technology Sector

107th out of 585 stocks

Prepackaged Software Industry

29th out of 200 stocks

SNOW stock logo

About Snowflake Stock (NYSE:SNOW)

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 Stock Price History

SNOW Stock News Headlines

This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
The 5 Hottest CEO Stock Purchases So Far This Year
Insider buying is good. It shows management's confidence in a business, helping to support investor sentiment, and no insider is more significant than the CEO.
The 5 Hottest CEO Stock Purchases So Far This Year (SNOW)
Insider buying is a telling indicator for investors, and no insider is as significant as the CEO. This is a look at the five hottest CEO buys this year.
MarketBeat Week in Review – 4/1 - 4/5
Equities lost ground this week as investors consider the effect of fewer rate cuts, rising oil prices, and robust job gains ahead of a new earnings season
MarketBeat Week in Review – 4/1 - 4/5 (SNOW)
Equities lost ground this week as investors consider the effect of fewer rate cuts, rising oil prices, and robust job gains ahead of a new earnings season
SNOW CEO Buys $5 Million of Stock. What's He See That We Don't?
Snowflake Inc. NYSE: SNOW is a cloud-native data warehouser in the computer and technology sector, offering companies cloud-based data platform-as-a-service (PaaS) solutions. Snowflake's shares collapsed over 20% on its fiscal Q4 2024 earnings release.
This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
SNOW CEO Buys $5 Million of Stock. What's He See That We Don't?
The new CEO of Snowflake recently purchased $5 million of the company's shares, which may signal the company will take a more aggressive stance with AI
Analysts are Bullish on These 4 Oversold Large Cap Stocks
As the first quarter unfolded, the semiconductor sector's resounding success has dominated the stock market narrative, propelling the broader market nearly 10% higher. However, a notable shift occurred as the quarter drew to a close.
Analysts are Bullish on These 4 Oversold Large Cap Stocks (SNOW)
Oversold large-cap stocks with favorable analyst ratings are attracting attention amidst market shifts, presenting potential buying opportunities.
Snowflake (NYSE:SNOW) Trading 0.2% Higher
Analyzing AudioEye (NASDAQ:AEYE) & Snowflake (NYSE:SNOW)
Is Snowflake Stock a Buy Now?
Latest News for Snowflake Stock (NYSE:SNOW)
Smart Money Is Betting Big In SNOW Options
Bernstein Keeps Their Hold Rating on Snowflake (SNOW)
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
4/22/2024
Next Earnings (Estimated)
5/22/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
7,004
Year Founded
2012

Price Target and Rating

Average Stock Price Target
$202.00
High Stock Price Target
$250.00
Low Stock Price Target
$105.00
Potential Upside/Downside
+38.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.61
Research Coverage
33 Analysts

Profitability

Net Income
$-836,100,000.00
Pretax Margin
-30.26%

Debt

Sales & Book Value

Annual Sales
$2.81 billion
Book Value
$15.52 per share

Miscellaneous

Free Float
306,461,000
Market Cap
$48.61 billion
Optionable
Optionable
Beta
0.91

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Should I Buy Snowflake Stock? SNOW Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Snowflake Inc.:

  • Snowflake Inc. provides a cloud-based data platform that enables organizations to consolidate data into a single source of truth, driving meaningful business insights and data-driven applications.
  • The company applies artificial intelligence (AI) to solve business problems, enhancing its technological capabilities and competitive edge.
  • Recent insider ownership of 8.30% indicates confidence in the company's future prospects, potentially signaling positive performance.
  • The Data Cloud offered by Snowflake allows for efficient data sharing and collaboration, enhancing operational efficiency for businesses.
  • Investors may find the current stock price of Snowflake Inc. attractive for potential growth opportunities in the cloud computing sector.

Cons

Investors should be bearish about investing in Snowflake Inc. for these reasons:

  • Competition in the cloud-based data platform industry is intense, with established players and new entrants posing challenges to Snowflake's market position.
  • Market volatility and economic uncertainties could impact Snowflake's financial performance and stock price, leading to potential investment risks.
  • Changes in technology trends or regulatory environments may affect Snowflake's business operations and growth prospects, introducing uncertainties for investors.
  • Investing in prepackaged software companies like Snowflake carries inherent risks related to technological disruptions and evolving customer preferences.
  • Fluctuations in demand for cloud services and data platforms could influence Snowflake's revenue streams and long-term sustainability in the market.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Snowflake pros and cons to contact@marketbeat.com.

SNOW Stock Analysis - Frequently Asked Questions

Should I buy or sell Snowflake stock right now?

33 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last twelve months. There are currently 2 sell ratings, 9 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SNOW shares.
View SNOW analyst ratings
or view top-rated stocks.

What is Snowflake's stock price target for 2024?

33 analysts have issued 1 year target prices for Snowflake's shares. Their SNOW share price targets range from $105.00 to $250.00. On average, they expect the company's stock price to reach $202.00 in the next twelve months. This suggests a possible upside of 39.0% 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 2024?

Snowflake's stock was trading at $199.00 at the beginning of 2024. Since then, SNOW stock has decreased by 27.0% and is now trading at $145.28.
View the best growth stocks for 2024 here
.

When is Snowflake's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024.
View our SNOW earnings forecast
.

How were Snowflake's earnings last quarter?

Snowflake Inc. (NYSE:SNOW) issued its earnings results on Wednesday, February, 28th. The company reported ($0.44) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.05. The company earned $774.70 million during the quarter, compared to the consensus estimate of $759.86 million. Snowflake had a negative trailing twelve-month return on equity of 13.79% and a negative net margin of 29.79%.

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?

Snowflake (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.

Who are Snowflake's major shareholders?

Snowflake's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vaughan Nelson Investment Management L.P. (0.32%), IMC Chicago LLC (0.00%), Sumitomo Mitsui Trust Holdings Inc. (0.20%), AMF Tjanstepension AB (0.05%), EDBI Pte Ltd (0.04%) and Northside Capital Management LLC (0.03%). Insiders that own company stock include Benoit Dageville, Carl M Eschenbach, Christian Kleinerman, Christopher William Degnan, Emily Ho, Frank Slootman, Grzegorz Czajkowski, Jeffrey E Eberwein, Jeremy Burton, John Dennis Mcmahon, Mark D Mclaughlin, Mark Garrett, Michael L Speiser, Michael Scarpelli, Sridhar Ramaswamy and Teresa Briggs.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:SNOW) was last updated on 4/22/2024 by MarketBeat.com Staff

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