Should I buy or sell Snowflake stock right now?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last year. There are currently 1 sell rating, 5 hold ratings and 20 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?

26 brokers have issued twelve-month price targets for Snowflake's stock. Their SNOW share price targets range from $105.00 to $240.00. On average, they expect the company's share price to reach $194.71 in the next year. This suggests a possible upside of 4.7% 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 stock has increased by 29.6% and is now trading at $185.97. 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) announced its earnings results on Wednesday, November, 29th. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.09. The business had revenue of $734.20 million for the quarter, compared to the consensus estimate of $713.75 million. Snowflake had a negative net margin of 33.35% and a negative trailing twelve-month return on equity of 14.18%. The business's revenue for the quarter was up 31.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.60) 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) , 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 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 served 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 institutional and retail investors. Top institutional investors 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

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

$185.97

-1.71 (-0.91%)

(As of 12/1/2023 ET)

Compare

Today's Range: $180.80
▼
$188.56
50-Day Range: $140.84
▼
$187.53
52-Week Range: $119.27
▼
$193.94

Volume: 10.32 million shs
Average Volume: 5.24 million shs
Market Capitalization: $61.31 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $194.71

Snowflake MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.73 Rating Score
Upside/Downside: 4.7% Upside
$194.71 Price Target
Short Interest: Healthy
2.90% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.77
Upright™ Environmental Score
News Sentiment: 0.57
Based on 92 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.

2.28 out of 5 stars

Computer And Technology Sector

219th out of 596 stocks

Prepackaged Software Industry

64th out of 202 stocks

2.4

Analyst's Opinion

Consensus Rating
Snowflake has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 20 buy ratings, 5 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $194.71, Snowflake has a forecasted upside of 4.7% from its current price of $185.97.
Amount of Analyst Coverage
Snowflake has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
2.90% 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 2.4, 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 7.80%, 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.

3.1

News and Social Media Coverage

News Sentiment
Snowflake has a news sentiment score of 0.57. 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 92 news articles for Snowflake this week, compared to 16 articles on an average week.
Search Interest
138 people have searched for SNOW on MarketBeat in the last 30 days. This is an increase of 221% compared to the previous 30 days.
MarketBeat Follows
46 people have added Snowflake to their MarketBeat watchlist in the last 30 days. This is an increase of 92% 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 $37,125,646.00 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 -69.39, 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 -69.39, 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 10.99. 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 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

30 days | 90 days | 365 days | Advanced Chart

SNOW Stock News Headlines

November 27, 2023 | marketbeat.com

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.

November 27, 2023 | marketbeat.com

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.

December 3, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 25, 2023 | marketbeat.com

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

December 3, 2023 | finance.yahoo.com

Best AI Stock to Buy: Snowflake Stock vs. C3.ai Stock

December 3, 2023 | americanbankingnews.com

Benoit Dageville Sells 13,182 Shares of Snowflake Inc. (NYSE:SNOW) Stock

December 3, 2023 | americanbankingnews.com

Snowflake (NYSE:SNOW) PT Raised to $190.00 at Rosenblatt Securities

December 3, 2023 | americanbankingnews.com

Mizuho Boosts Snowflake (NYSE:SNOW) Price Target to $210.00

December 3, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.