NYSE:SNOW

Snowflake (SNOW) Stock Forecast, Price & News

$147.52

+0.47 (+0.32%)

(As of 09/27/2023 ET)

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Today's Range: $146.10
▼
$149.47
50-Day Range: $146.94
▼
$179.29
52-Week Range: $119.27
▼
$193.94

Volume: 3.50 million shs
Average Volume: 3.81 million shs
Market Capitalization: $48.64 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $189.30

Snowflake MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.65 Rating Score
Upside/Downside: 28.3% 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: 0.72
Based on 14 Articles This Week
Insider Trading: Selling Shares
$113.53 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.

2.76 out of 5 stars

Computer And Technology Sector

74th out of 604 stocks

Prepackaged Software Industry

17th out of 207 stocks

4.3

Analyst's Opinion

Consensus Rating
Snowflake has received a consensus rating of Moderate Buy. The company's average rating score is 2.65, and is based on 18 buy ratings, 7 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $189.30, Snowflake has a forecasted upside of 28.3% from its current price of $147.52.
Amount of Analyst Coverage
Snowflake has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
2.82% of the outstanding shares of Snowflake have been sold short.
Short Interest Ratio / Days to Cover
Snowflake has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Snowflake has recently decreased by 15.78%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Snowflake does not currently pay a dividend.
Dividend Growth
Snowflake does not have a long track record of dividend growth.

3.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Snowflake has received a 51.21% net impact score from Upright. Snowflake seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is driven by its "Data warehouse software" and "Cloud data management consulting" products. See details.
Environmental Sustainability
The Environmental Impact score for Snowflake is -0.77.

2.1

News and Social Media Coverage

News Sentiment
Snowflake has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for Snowflake this week, compared to 14 articles on an average week.
Search Interest
Only 67 people have searched for SNOW on MarketBeat in the last 30 days. This is a decrease of -46% compared to the previous 30 days.
MarketBeat Follows
57 people have added Snowflake to their MarketBeat watchlist in the last 30 days. This is an increase of 68% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Snowflake insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $113,526,822.00 in company stock.
Percentage Held by Insiders
Only 8.30% of the stock of Snowflake is held by insiders.
Percentage Held by Institutions
63.74% of the stock of Snowflake is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Snowflake are expected to grow in the coming year, from ($1.62) to ($1.41) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Snowflake is -55.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Snowflake is -55.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Snowflake has a P/B Ratio of 9.18. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

SNOW Stock News Headlines

August 31, 2023 | marketbeat.com

On Fire: 5 Best Artificial Intelligence Penny Stocks (SNOW)

The best artificial intelligence penny stocks might be on your list to get in on AI. Learn more about the best artificial intelligence penny stocks to buy now.

August 31, 2023 | marketbeat.com

Here are 5 Beaten Up Enterprise Software Stocks Ready to Rebound (SNOW)

Enterprise software stocks are badly beaten up but are now on the brink of a reversal supported by the growth of large clients and deepening penetration.

September 28, 2023 | Legacy Research (Ad)

Watch SHOCKING Footage of AI Facility with Ties to Elon Musk

I recently traveled more than 3,000 miles and shot this video outside what could end up being Elon Musk’s biggest secret. Most people don’t know about this facility, but it could be the most important AI project in the world. What’s happening inside these walls is so important that our government has declared it a matter of national security.

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 28, 2023 | Legacy Research (Ad)

Watch SHOCKING Footage of AI Facility with Ties to Elon Musk

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 18, 2023 | americanbankingnews.com

Snowflake Inc. (NYSE:SNOW) SVP Sells $249,000.00 in Stock

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

September 15, 2023 | benzinga.com

Anblicks is Proudly Sponsoring the Snowflake Data Cloud World Tour 2023 in Five Major Cities of the US

September 15, 2023 | msn.com

HSBC Initiates Coverage of Snowflake Inc - (SNOW) with Buy Recommendation

September 15, 2023 | benzinga.com

Amperity Recognized as a Leader in Snowflake's Modern Marketing Data Stack Report

September 15, 2023 | uk.news.yahoo.com

Doctor stands by comments in Times letter that 'snowflake' female surgeons need to 'toughen up'

September 15, 2023 | venturebeat.com

Databricks raises $500 million with backing from rival Snowflake’s top client

See More Headlines

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SNOW Company Calendar

Last Earnings: 8/23/2023
Today: 9/28/2023
Next Earnings (Estimated): 11/29/2023
Fiscal Year End: 1/31/2024

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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: +28.3%
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: 23.55
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $16.07 per share
Price / Book: 9.18

Miscellaneous

Outstanding Shares: 329,700,000
Free Float: 302,335,000
Market Cap: $48.64 billion
Optionable: Not Optionable
Beta: 0.78

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Key Executives

Mr. Frank Slootman (Age 64)
Chairman & CEO
Comp: $887.48k

Dr. Benoit Dageville (Age 56)
Co-Founder, Pres of Product Division & Director
Comp: $454.17k

Mr. Michael P. Scarpelli (Age 56)
Chief Financial Officer
Comp: $710.13k

Mr. 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 equities research analysts have issued 12-month target prices for Snowflake's shares. Their SNOW share price forecasts range from $105.00 to $225.00. On average, they expect the company's share price to reach $189.30 in the next twelve months. This suggests a possible upside of 28.3% 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 2.8% and is now trading at $147.52.
View the best growth stocks for 2023 here.
Are investors shorting Snowflake?: Snowflake saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 9,290,000 shares, a decline of 15.8% from the August 31st total of 11,030,000 shares. Based on an average daily volume of 5,230,000 shares, the short-interest ratio is presently 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) issued its 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 firm 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 revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($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 initial public offering (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 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.
What is Snowflake's stock symbol?: Snowflake trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNOW."
Who are Snowflake's major shareholders?: Snowflake's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.32%), SC US Ttgp LTD. (4.01%), Capital Research Global Investors (3.14%), Jennison Associates LLC (2.27%), State Street Corp (1.83%) and Sands Capital Management LLC (1.53%). 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.
What is Snowflake's stock price today?: One share of SNOW stock can currently be purchased for approximately $147.52.
How much money does Snowflake make?: Snowflake (NYSE:SNOW) has a market capitalization of $48.64 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 9/28/2023 by MarketBeat.com Staff

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