Free Trial

Snowflake (SNOW) Stock Price, News & Analysis

$148.60
-2.14 (-1.42%)
(As of 05/29/2024 ET)
Today's Range
$147.76
$149.96
50-Day Range
$145.45
$165.07
52-Week Range
$138.40
$237.72
Volume
4.87 million shs
Average Volume
6.16 million shs
Market Capitalization
$49.66 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$200.64

Snowflake MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.66 Rating Score
Upside/​Downside
35.4% Upside
$200.64 Price Target
Short Interest
Healthy
2.35% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.77
Upright™ Environmental Score
News Sentiment
0.19mentions of Snowflake in the last 14 days
Based on 109 Articles This Week
Insider Trading
Selling Shares
$10.83 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($1.83) to ($1.97) 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.

4.74 out of 5 stars

Computer And Technology Sector

48th out of 604 stocks

Prepackaged Software Industry

15th out of 201 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

MarketBeat Week in Review – 5/20 - 5/24 (SNOW)
The market sold off sharply despite a strong earnings report from Nvidia; a short trading week will include economic reports that could bring more volatility
Snowflake is Melting
Snowflake NYSE: SNOW shares have been floundering for the last two years, but those days are ending. The Q1 F25 results were solid, pointing to persistent growth, and the hint of increased collaboration with NVIDIA NASDAQ: NVDA has juiced the market.
Snowflake is Melting… Up, With a Double-Digit Upside Potential
Snowflake had a solid quarter and raised guidance, lifting the share in premarket trading. The analysts are lifting their price targets and leading the market.
Snap Crackles and Pops on Surprise Profit and Raised Guidance (SNOW)
SNAP stock closed a strong week of tech earnings by reporting a surprise profit in its Q1 2024 earnings report, sending the stock up 30%
Undervalued Al-Stars: 3 Stocks to Buy Before May Ends
Snowflake’s EPS Disappoints: What’s Next?
Should You Buy Snowflake Stock Right Now?
3 Growth Stocks That Could Make You Obscenely Rich by 2030
Snowflake (NYSE:SNOW) Price Target Raised to $190.00
Snowflake (NYSE:SNOW) PT Lowered to $225.00 at Loop Capital
See More Headlines
Receive SNOW Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Snowflake and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
8/23/2023
Today
5/29/2024
Next Earnings (Estimated)
8/28/2024
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
$200.64
High Stock Price Target
$240.00
Low Stock Price Target
$105.00
Potential Upside/Downside
+34.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.66
Research Coverage
35 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
308,132,000
Market Cap
$49.82 billion
Optionable
Optionable
Beta
0.90

Social Links

13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report

SNOW Stock Analysis - Frequently Asked Questions

Should I buy or sell Snowflake stock right now?

35 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last year. There are currently 2 sell ratings, 8 hold ratings and 25 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?

35 Wall Street research analysts have issued 12-month price targets for Snowflake's shares. Their SNOW share price targets range from $105.00 to $240.00. On average, they anticipate the company's share price to reach $200.64 in the next twelve months. This suggests a possible upside of 34.4% 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 the year. Since then, SNOW stock has decreased by 25.0% and is now trading at $149.23.
View the best growth stocks for 2024 here
.

Are investors shorting Snowflake?

Snowflake saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 7,840,000 shares, a decrease of 19.5% from the April 30th total of 9,740,000 shares. Based on an average daily volume of 6,700,000 shares, the short-interest ratio is presently 1.2 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, August 28th 2024.
View our SNOW earnings forecast
.

How were Snowflake's earnings last quarter?

Snowflake Inc. (NYSE:SNOW) announced its quarterly earnings data on Wednesday, August, 23rd. The company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.12. The firm had revenue of $674 million for the quarter, compared to the consensus estimate of $662.22 million. Snowflake had a negative trailing twelve-month return on equity of 15.54% and a negative net margin of 30.80%. The company's quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.67) 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?

Snowflake (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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.37%), Jennison Associates LLC (2.10%), Baillie Gifford & Co. (0.91%), Capital Research Global Investors (0.74%), Price T Rowe Associates Inc. MD (0.57%) and WCM Investment Management LLC (0.55%). Insiders that own company stock include Benoit Dageville, Carl M Eschenbach, Christian Kleinerman, Christopher William Degnan, Emily Ho, Frank Slootman, Grzegorz Czajkowski, 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 5/29/2024 by MarketBeat.com Staff

From Our Partners