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Snowflake Stock Price, News & Analysis (NYSE:SNOW)

$190.57
+3.26 (+1.74%)
(As of 01:40 PM ET)
Compare
Today's Range
$185.80
$191.64
50-Day Range
$140.84
$188.30
52-Week Range
$119.27
$193.94
Volume
3.36 million shs
Average Volume
5.43 million shs
Market Capitalization
$62.83 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$194.53

Snowflake MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.72 Rating Score
Upside/​Downside
2.1% Upside
$194.53 Price Target
Short Interest
Healthy
2.90% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.77
Upright™ Environmental Score
News Sentiment
0.65mentions of Snowflake in the last 14 days
Based on 47 Articles This Week
Insider Trading
Selling Shares
$37.13 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.

2.34 out of 5 stars

Computer And Technology Sector

224th out of 592 stocks

Software - Application Industry

14th out of 41 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

Zuckerberg sells Meta, Snowflake may be the better choice (SNOW)
Now that Meta has run its course in an overdue rally, Zuckerberg is beginning to cash out, markets have found their new favorite rally story in the sector
Snowflake’s bullish tailwind is turning into a gale-force wind
Snowflake had a beat-and-raise quarter that spurred the analysts to raise their price targets and lead the market to a new high.
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Web security powerhouse Cloudflare inches closer to a breakout (SNOW)
Cybersecurity stock Cloudflare is nearing a breakout following a strong earnings report and upbeat guidance. The company is rolling out more AI features.
AI revolution: 3 stocks set to soar as technology evolves (SNOW)
As AI stocks surge, Accenture expects investment in AI, creating opportunities for market leaders. Cognizant, Snowflake and Salesforce are undervalued AI names.
MarketBeat Week in Review – 11/20 - 11/24 (SNOW)
Stocks continued to rally as investors shrugged off a cautious retail outlook, but the rally's breadth remains limited to specific stocks and sectors
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Looking Into Snowflake's Recent Short Interest
Why Snowflake Stock Rose 29% Last Month
Snowflake Ranked #1 on 2023 Fortune Future 50 List
See More Headlines
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Company Calendar

Last Earnings
11/29/2023
Today
12/08/2023
Fiscal Year End
1/31/2024
Next Earnings (Estimated)
3/06/2024

Industry, Sector and Symbol

Industry
Software - Application
Sub-Industry
N/A
Fax
N/A
Employees
6,783
Year Founded
2012

Price Target and Rating

Average Stock Price Target
$194.53
High Stock Price Target
$240.00
Low Stock Price Target
$105.00
Potential Upside/Downside
+3.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.72
Research Coverage
25 Analysts

Profitability

Net Income
$-796,710,000.00
Pretax Margin
-35.53%

Debt

Sales & Book Value

Annual Sales
$2.62 billion
Book Value
$16.92 per share

Miscellaneous

Free Float
302,335,000
Market Cap
$61.76 billion
Optionable
Not Optionable
Beta
0.96

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Should I Buy Snowflake Stock? SNOW Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Snowflake was last updated on Monday, November 27, 2023 at 10:31 AM.

Pros

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

  • Snowflake Inc. provides a cloud-based data platform that enables customers to consolidate data into a single source of truth. This can drive meaningful business insights and improve decision-making.
  • The company's Data Cloud allows for the storage, sharing, and analysis of data on one cloud-based platform without the need for infrastructure management. This can lead to increased efficiency and collaboration within organizations.
  • Snowflake's data marketplace allows companies to monetize their data and access third-party real-time external data to enrich their internal data sets. This can provide additional revenue streams and enhance data analytics capabilities.
  • The company has shown strong financial performance, with revenues growing 47.6% year-over-year and beating analyst estimates. This indicates a positive growth trajectory for Snowflake Inc.
  • The stock price of Snowflake Inc. is currently [current stock price]. This presents an opportunity for investors to potentially benefit from future price appreciation.

Cons

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

  • The prepackaged software industry, in which Snowflake Inc. operates, is highly competitive. There are other major players in the market, such as Google, Amazon, and Microsoft, offering similar cloud-based data solutions.
  • While Snowflake Inc. has shown strong financial performance, it is important to consider the potential risks associated with investing in a relatively young company. Snowflake Inc. was incorporated in 2012 and may face challenges as it continues to grow and expand its market presence.
  • Investing in Snowflake Inc. requires a thorough understanding of the cloud computing and data analytics industry. Investors should be aware of the technological advancements and trends in this sector to make informed investment decisions.
  • The stock price of Snowflake Inc. may be subject to market volatility and fluctuations. Investors should carefully consider their risk tolerance and investment objectives before making any investment decisions.
  • It is important for investors to conduct their own research and analysis of Snowflake Inc. and its competitive landscape to assess the company's long-term growth potential and evaluate its position in the market.














SNOW Stock Analysis - Frequently Asked Questions

Should I buy or sell Snowflake stock right now?

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last year. There are currently 1 sell rating, 5 hold ratings and 19 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 target for 2024?

25 equities research analysts have issued 1-year price targets for Snowflake's shares. Their SNOW share price targets range from $105.00 to $240.00. On average, they expect the company's stock price to reach $194.53 in the next year. This suggests a possible upside of 2.1% 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 stock has increased by 32.8% and is now trading at $190.62.
View the best growth stocks for 2023 here
.

When is Snowflake's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
View our SNOW earnings forecast
.

How were Snowflake's earnings last quarter?

Snowflake Inc. (NYSE:SNOW) released its earnings results on Wednesday, November, 29th. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.09. The company had revenue of $734.20 million for the quarter, compared to analysts' expectations of $713.75 million. Snowflake had a negative trailing twelve-month return on equity of 14.18% and a negative net margin of 33.35%. Snowflake's quarterly revenue was up 31.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.60) EPS.

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 initial public offering (IPO) on Wednesday, September 16th 2020. The company issued 28,000,000 shares at $75.00-$85.00 per share. Goldman Sachs, Morgan Stanley, J.P. Morgan, Allen & Company and Citigroup acted 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 shareholders include Morgan Stanley (4.02%), SC US Ttgp LTD. (3.96%), Jennison Associates LLC (2.13%), FMR LLC (1.87%), Sands Capital Management LLC (1.47%) and Baillie Gifford & Co. (1.33%). Insiders that own company stock include Benoit Dageville, Carl M Eschenbach, Christian Kleinerman, Christopher William Degnan, Frank Slootman, Grzegorz Czajkowski, Jeffrey E Eberwein, Jeremy Burton, John Dennis Mcmahon, Mark D Mclaughlin, Mark Garrett, Michael L Speiser, Michael L Speiser, Michael Scarpelli 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/8/2023 by MarketBeat.com Staff

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