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Snowflake (SNOW) Stock Price, News & Analysis

$182.22
-47.78 (-20.77%)
(As of 09:34 AM ET)
Today's Range
$180.68
$184.70
50-Day Range
$183.73
$236.11
52-Week Range
$128.56
$237.72
Volume
5.32 million shs
Average Volume
5.59 million shs
Market Capitalization
$60.01 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$208.41

Snowflake MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
10.1% Downside
$206.69 Price Target
Short Interest
Healthy
3.15% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.77
Upright™ Environmental Score
News Sentiment
0.57mentions of Snowflake in the last 14 days
Based on 56 Articles This Week
Insider Trading
Selling Shares
$125.94 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($1.72) to ($1.80) 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.

3.64 out of 5 stars

Computer And Technology Sector

211th out of 597 stocks

Prepackaged Software Industry

63rd out of 207 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

Analysts boosted Snowflake stock, big firms are buying now
All the market hype is now focusing on the world of technology stocks, especially after the massive run-up in names like Nvidia Corporation NASDAQ: NVDA and other companies involved with the rise of artificial intelligence trends taking over today's economy and financial markets. There is another trend, however, hiding in plain sight.
Analysts boosted Snowflake stock, big firms are buying now (SNOW)
Business services stocks like Snowflake could be the ones to see the next wave of investment inflows on the back of a heating labor market in the United States
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Informatica charges ahead on AI-driven data management tailwinds (SNOW)
Informatica reported strong Q4 2023 earnings and raised full-year 2024 guidance, citing generative AI as a secular growth driver
Twilio: 4 compelling reasons to buy the dip (SNOW)
Here are four compelling reasons as to why investors can use the post-earnings sell-off as an opportunity to take a look at Twilio stock
Rare Earth Elements: The Workhorse of The Tech Revolution
They're the most underrated yet crucial elements of technology. From renewable energy to military defense, Rare Earths are essential pieces of modern technology. Global superpowers and savvy investors are quickly learning just how valuable they truly are.
January PCE, Salesforce earnings, bitcoin rally: 3 Things
Snowflake falls as boss' surpise departure overshadows results
Snowflake (NYSE:SNOW) Upgraded at StockNews.com
Checking the Weather Report for Snowflake Ahead of Earnings
The Focus Is On AI for Snowflake's Earnings
See More Headlines
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Company Calendar

Last Earnings
8/23/2023
Today
2/29/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
5,884
Year Founded
2012

Price Target and Rating

Average Stock Price Target
$208.41
High Stock Price Target
$290.00
Low Stock Price Target
$105.00
Potential Upside/Downside
-9.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
28 Analysts

Profitability

Net Income
$-796,710,000.00
Pretax Margin
-33.66%

Debt

Sales & Book Value

Annual Sales
$2.62 billion
Book Value
$16.92 per share

Miscellaneous

Free Float
301,968,000
Market Cap
$75.70 billion
Optionable
Optionable
Beta
0.97

Social Links

12 Stocks Corporate Insiders are Abandoning Cover

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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 Thursday, February 22, 2024 at 9:01 PM.

Pros

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

  • Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally, offering Data Cloud services that enable customers to consolidate data into a single source of truth.
  • The company has shown consistent growth in revenue and market share, indicating a strong position in the cloud computing industry.
  • Recent developments in Snowflake's technology have improved data processing capabilities, making it more efficient and cost-effective for customers.
  • The current stock price of Snowflake Inc. is competitive, offering potential for investors to enter at a favorable valuation.
  • Snowflake Inc. has a strong leadership team with a proven track record in the tech industry, providing confidence in the company's future growth prospects.

Cons

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

  • While Snowflake Inc. has shown growth, it faces increasing competition in the cloud computing space, which could impact its market share and profitability.
  • The company's reliance on technology advancements and data security could pose risks in case of any disruptions or breaches.
  • Fluctuations in the tech industry and overall market conditions could affect Snowflake Inc.'s stock price and investor sentiment.
  • Investing in Snowflake Inc. requires a thorough understanding of cloud computing and data analytics, which may not be suitable for all investors.
  • Snowflake Inc.'s revenue growth may not be sustainable in the long term, leading to potential challenges in maintaining profitability and market position.














SNOW Stock Analysis - Frequently Asked Questions

Should I buy or sell Snowflake stock right now?

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last year. There are currently 2 sell ratings, 9 hold ratings and 18 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?

29 brokerages have issued twelve-month target prices for Snowflake's shares. Their SNOW share price targets range from $105.00 to $290.00. On average, they anticipate the company's share price to reach $206.69 in the next year. This suggests that the stock has a possible downside of 10.1%.
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 on January 1st, 2024. Since then, SNOW shares have increased by 15.6% and is now trading at $230.00.
View the best growth stocks for 2024 here
.

How were Snowflake's earnings last quarter?

Snowflake Inc. (NYSE:SNOW) posted its quarterly earnings data on Wednesday, February, 28th. The company reported ($0.44) EPS for the quarter, topping analysts' consensus estimates of ($0.49) by $0.05. The firm had revenue of $774.70 million for the quarter, compared to the consensus estimate of $759.86 million. Snowflake had a negative net margin of 33.35% and a negative trailing twelve-month return on equity of 14.46%.

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 $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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.37%), Altimeter Capital Management LP (3.77%), Jennison Associates LLC (2.05%), Sands Capital Management LLC (1.65%), Baillie Gifford & Co. (1.29%) and Norges Bank (1.28%). 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 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 2/29/2024 by MarketBeat.com Staff