NYSE:SNOW

Snowflake (SNOW) Stock Forecast, Price & News

$165.36

+6.71 (+4.23%)

(As of 05/31/2023 ET)

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Today's Range: $157.43
▼
$168.98
50-Day Range: $134.81
▼
$184.31
52-Week Range: $110.26
▼
$205.66

Volume: 14.50 million shs
Average Volume: 5.86 million shs
Market Capitalization: $53.74 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $183.17

Snowflake MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.65 Rating Score
Upside/Downside: 10.8% Upside
$183.17 Price Target
Short Interest: Healthy
4.61% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.77
Upright™ Environmental Score
News Sentiment: 0.12
Based on 62 Articles This Week
Insider Trading: Selling Shares
$44.13 M Sold Last Quarter
Proj. Earnings Growth: Decreasing
From ($1.63) to ($1.67) Per Share

Overall MarketRank^™

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

2.32 out of 5 stars

Computer And Technology Sector

221st out of 621 stocks

Prepackaged Software Industry

60th out of 219 stocks

3.3

Analyst's Opinion

Consensus Rating
Snowflake has received a consensus rating of Buy. The company's average rating score is 2.65, and is based on 23 buy ratings, 10 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $183.17, Snowflake has a forecasted upside of 10.8% from its current price of $165.36.
Amount of Analyst Coverage
Snowflake has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
4.61% of the float of Snowflake has been sold short.
Short Interest Ratio / Days to Cover
Snowflake has a short interest ratio ("days to cover") of 2.3, 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 2.80%, indicating that investor sentiment is improving.

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.

3.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Snowflake has received a 51.92% 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.

2.8

News and Social Media Coverage

News Sentiment
Snowflake has a news sentiment score of 0.12. 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 is a lower news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 62 news articles for Snowflake this week, compared to 14 articles on an average week.
Search Interest
193 people have searched for SNOW on MarketBeat in the last 30 days. This is an increase of 89% compared to the previous 30 days.
MarketBeat Follows
34 people have added Snowflake to their MarketBeat watchlist in the last 30 days. This is an increase of 31% 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 $44,133,577.00 in company stock.
Percentage Held by Insiders
Only 8.30% of the stock of Snowflake is held by insiders.
Percentage Held by Institutions
65.31% of the stock of Snowflake is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Snowflake are expected to decrease in the coming year, from ($1.63) to ($1.67) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Snowflake is -61.93, 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 -61.93, 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 9.77. 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.

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SNOW Stock News Headlines

May 9, 2023 | marketbeat.com

Snowflake Upgraded As Headwinds Ease: AI In Focus

Snowflake gets an upgrade on strength shown by other cloud services companies and an expected boom in AI that is already underway.

May 31, 2023 | benzinga.com

Snowflake Unusual Options Activity For May 31

June 1, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

May 31, 2023 | finance.yahoo.com

Snowflake Stock Has Crashed. Here's Why That's a Good Thing.

May 31, 2023 | finance.yahoo.com

Sundeck Announces the Public Availability of Its Query Engineering Platform for Snowflake

May 30, 2023 | benzinga.com

Snowflake shares are trading higher amid strength in tech and AI-related stocks.

May 30, 2023 | finance.yahoo.com

Snowflake Stock Is Melting. Should Investors Buy It While It's Down?

May 30, 2023 | finance.yahoo.com

Data Axle Achieves Premier Tier Partner Status with Snowflake, Offering Expansive Business and Consumer Data on Snowflake Marketplace

June 1, 2023 | UNKNOWN (Ad)

This NASDAQ Stock Is The Amazon Of Medical Supply

This Little Known Company IS Quickly Becoming The Amazon Of Medical Supply. Learn More Now

May 30, 2023 | msn.com

Snowflake's Management Lowers Its Expectations as Growth Cools. Is It Time to Sell the Stock?

May 29, 2023 | finance.yahoo.com

Snowflake Stock: Bear vs. Bull

May 29, 2023 | finance.yahoo.com

Snowflake Stock Plunged After Earnings. Why Investors Should Buy Anyway.

May 28, 2023 | finance.yahoo.com

Snowflake Down 15%: Is It Time to Buy?

May 28, 2023 | finance.yahoo.com

Should Investors Buy the Dip in Snowflake Stock?

May 28, 2023 | americanbankingnews.com

Snowflake (NYSE:SNOW) Cut to "Market Perform" at Wolfe Research

May 28, 2023 | americanbankingnews.com

Snowflake (NYSE:SNOW) Cut to Market Perform at Wolfe Research

May 27, 2023 | americanbankingnews.com

Snowflake (NYSE:SNOW) Price Target Cut to $189.00 by Analysts at Citigroup

May 26, 2023 | finance.yahoo.com

Snowflake Is Still Priced for Perfection

May 26, 2023 | seekingalpha.com

Tech Resilience, Snowflake Slowdown, Nvidia And AI With Julian Lin

May 26, 2023 | msn.com

Snowflake stock catches another downgrade: ‘The growth outlook is very different’ now

May 26, 2023 | finance.yahoo.com

Snowflake Stock Just Plummeted. Time to Buy?

May 26, 2023 | finance.yahoo.com

Why Snowflake Stock Was Melting Fast This Week

May 26, 2023 | americanbankingnews.com

Snowflake (NYSE:SNOW) PT Lowered to $148.00

May 26, 2023 | americanbankingnews.com

Snowflake (NYSE:SNOW) PT Lowered to $165.00

May 26, 2023 | americanbankingnews.com

Snowflake (NYSE:SNOW) Price Target Cut to $180.00 by Analysts at Stifel Nicolaus

May 26, 2023 | americanbankingnews.com

Snowflake (NYSE:SNOW) Price Target Increased to $200.00 by Analysts at Wells Fargo & Company

May 25, 2023 | msn.com

Stocks making the biggest premarket moves: Nvidia, Best Buy, Snowflake, Carnival and more

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SNOW Company Calendar

Last Earnings: 12/01/2021
Today: 5/31/2023
Next Earnings (Estimated): 8/23/2023
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: $183.17
High Stock Price Forecast: $242.00
Low Stock Price Forecast: $105.00
Forecasted Upside/Downside: +10.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.65
Research Coverage: 34 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.67)
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: -37.78%
Pretax Margin: -39.50%
Return on Equity: -14.72%
Return on Assets: -10.94%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.50
Quick Ratio: 2.50

Sales & Book Value

Annual Sales: $2.27 billion
Price / Sales: 23.71
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $16.92 per share
Price / Book: 9.77

Miscellaneous

Outstanding Shares: 325,000,000
Free Float: 298,025,000
Market Cap: $53.74 billion
Optionable: Not Optionable
Beta: 0.74

Social Links

Key Executives

Mr. Frank Slootman (Age 64)
Chairman & CEO
Comp: $775.2k

Dr. Benoit Dageville (Age 56)
Co-Founder, Pres of Product Division & Director
Comp: $407.1k

Mr. Michael P. Scarpelli (Age 56)
Chief Financial Officer
Comp: $620.3k

Mr. Christopher W. Degnan (Age 49)
Chief Revenue Officer
Comp: $620.3k

Mr. Thierry Cruanes
Co-Founder & CTO

Mr. Marcin Zukowski
Co-Founder and VP of Engineering

Mr. Sundeep Bedi (Age 48)
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?: 34 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last year. There are currently 1 sell rating, 10 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SNOW shares.
View SNOW analyst ratings or view top-rated stocks.
What is Snowflake's stock price forecast for 2023?: 34 equities research analysts have issued twelve-month price targets for Snowflake's stock. Their SNOW share price forecasts range from $105.00 to $242.00. On average, they expect the company's share price to reach $183.17 in the next twelve months. This suggests a possible upside of 10.8% 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 the year. Since then, SNOW shares have increased by 15.2% and is now trading at $165.36.
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, August 23rd 2023.
View our SNOW earnings forecast.
How were Snowflake's earnings last quarter?: Snowflake Inc. (NYSE:SNOW) announced its quarterly earnings results on Wednesday, December, 1st. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.10. The firm had revenue of $334.44 million for the quarter, compared to analysts' expectations of $306.13 million. Snowflake had a negative net margin of 37.78% and a negative trailing twelve-month return on equity of 14.72%. The firm's revenue was up 109.5% on a year-over-year basis. During the same period last year, the company posted ($1.00) earnings per share.
What ETFs hold Snowflake's stock?: ETFs with the largest weight of Snowflake (NYSE:SNOW) stock in their portfolio include Renaissance IPO ETF (IPO), Spear Alpha ETF (SPRX), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), TrueShares Technology, AI & Deep Learning ETF (LRNZ), AXS Esoterica NextG Economy ETF (WUGI), Direxion Daily Cloud Computing Bull 2x (CLDL), ProShares Big Data Refiners ETF (DAT) and Direxion Daily Select Large Caps & FANGs Bull 2X Shares (FNGG).
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 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.13%), ICONIQ Capital LLC (2.02%), Jennison Associates LLC (1.91%), State Street Corp (1.78%), Sands Capital Management LLC (1.58%) and Baillie Gifford & Co. (1.41%). Insiders that own company stock include Benoit Dageville, Brad Gerstner, Carl M Eschenbach, Christopher William Degnan, Frank Slootman, Jeffrey E Eberwein, Jeremy Burton, John Dennis Mcmahon, 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 $165.36.
How much money does Snowflake make?: Snowflake (NYSE:SNOW) has a market capitalization of $53.74 billion and generates $2.27 billion in revenue each year. The company earns $-796,710,000.00 in net income (profit) each year or ($2.67) 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 6/1/2023 by MarketBeat.com Staff

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Snowflake (SNOW) Stock Forecast, Price & News

Snowflake MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Snowflake (NYSE:SNOW) Stock

SNOW Stock News Headlines

SNOW Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

SNOW Stock - Frequently Asked Questions

Overall MarketRank^™