S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
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Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?

Snowflake (SNOW) Stock Price, News & Analysis

$156.31
-0.66 (-0.42%)
(As of 03/18/2024 ET)
Today's Range
$155.55
$157.93
50-Day Range
$156.31
$236.11
52-Week Range
$131.62
$237.72
Volume
7.10 million shs
Average Volume
7.24 million shs
Market Capitalization
$51.47 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$204.85

Snowflake MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.61 Rating Score
Upside/​Downside
31.1% Upside
$204.85 Price Target
Short Interest
Healthy
2.85% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.77
Upright™ Environmental Score
News Sentiment
0.27mentions of Snowflake in the last 14 days
Based on 55 Articles This Week
Insider Trading
Selling Shares
$80.63 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($1.92) to ($2.10) 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.

4.81 out of 5 stars

Computer And Technology Sector

35th out of 602 stocks

Prepackaged Software Industry

11th out of 205 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

Is it Time to Buy These 5 Oversold Stocks?
Attention is beginning to shift amongst investors to stocks in extremely oversold territory, diverging from their sector counterparts.
They said crypto was dead. It went up 100X.
Bitcoin’s haters are out again. Despite the price doubling in the last six months alone… That hasn’t stopped the experts from piling on. Warren Buffett’s right-hand man Charlie Munger called crypto investors “idiots” in one of his last interviews. JPMorgan CEO Jamie Dimon, recently called Bitcoin a “pet rock” and “a hyped-up fraud.” But when it comes to cryptos, these are exactly the people you shouldn’t listen to. They’ve predicted crypto’s demise for years.
Is It Time to Buy These 5 Oversold Stocks?
While the market focuses on high-flying tech names, such as Nvidia and Microsoft, some investors might be shifting their attention to a different breed of stocks. Several large-cap companies have diverged from the overall market and soaring trajectories of their sector counterparts and instead find themselves in extremely oversold territory.
Snowflake Stock Plunges, Don't be Fooled, Bargain Alert (SNOW)
With shares already starting to consolidate after yesterday’s plunge, what’s the play here for those of us on the sidelines?
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
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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
3 AI Stocks to Sell in March Before They Crash & Burn
Snowflake (NYSE:SNOW) Upgraded to "Neutral" at Guggenheim
Snowflake (NYSE:SNOW) Lowered to "Sell" at StockNews.com
Snowflake Director Mark McLaughlin Buys the Stock Dip
Evaluating Snowflake: Insights From 32 Financial Analysts
See More Headlines
Receive SNOW Stock News and Ratings via Email

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Company Calendar

Last Earnings
2/28/2024
Today
3/18/2024
Next Earnings (Estimated)
5/22/2024
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
$204.85
High Stock Price Target
$250.00
Low Stock Price Target
$105.00
Potential Upside/Downside
+31.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.61
Research Coverage
31 Analysts

Profitability

Net Income
$-836,100,000.00
Pretax Margin
-33.66%

Debt

Sales & Book Value

Annual Sales
$2.81 billion
Book Value
$16.92 per share

Miscellaneous

Free Float
301,968,000
Market Cap
$51.47 billion
Optionable
Optionable
Beta
0.94

Social Links

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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 Sunday, March 17, 2024 at 11:42 PM.

Pros

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

  • Snowflake Inc. has received a "Moderate Buy" consensus rating from analysts, indicating positive sentiment towards the company's future performance.
  • Recent analyst reports have raised price targets on Snowflake stock, suggesting potential for growth and profitability.
  • Insider buying and selling activities can provide insights into the company's performance and future prospects, aiding investors in making informed decisions.
  • Strong institutional investor interest and ownership in Snowflake stock, indicating confidence in the company's long-term potential.
  • Despite fluctuations, Snowflake's stock price has shown resilience and maintained an upward trend, offering potential returns for investors.

Cons

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

  • Some analysts have issued sell recommendations for Snowflake stock, highlighting potential risks or concerns about the company's performance.
  • Recent insider selling activities by company executives may raise questions about their confidence in Snowflake's future growth prospects.
  • Volatility in the stock market can impact Snowflake's share price, leading to potential short-term fluctuations and risks for investors.
  • Competitive pressures in the cloud computing industry could affect Snowflake's market position and profitability in the long run.
  • Market conditions and economic uncertainties may influence Snowflake's financial performance and stock valuation, posing risks to investors.

SNOW Stock Analysis - Frequently Asked Questions

Should I buy or sell Snowflake stock right now?

31 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 20 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?

31 brokerages have issued twelve-month price objectives for Snowflake's stock. Their SNOW share price targets range from $105.00 to $250.00. On average, they expect the company's share price to reach $204.85 in the next twelve months. This suggests a possible upside of 31.1% 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 shares have decreased by 21.5% and is now trading at $156.31.
View the best growth stocks for 2024 here
.

When is Snowflake's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024.
View our SNOW earnings forecast
.

How were Snowflake's earnings last quarter?

Snowflake Inc. (NYSE:SNOW) released its quarterly earnings data on Wednesday, February, 28th. The company reported ($0.44) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.49) by $0.05. The firm had revenue of $774.70 million for the quarter, compared to analysts' expectations of $759.86 million. Snowflake had a negative net margin of 29.79% and a negative trailing twelve-month return on equity of 13.80%.

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 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 investors include Vanguard Group Inc. (6.37%), Vanguard Group Inc. (6.37%), Altimeter Capital Management LP (3.77%), Jennison Associates LLC (2.05%), Sands Capital Management LLC (1.65%) and Baillie Gifford & Co. (1.29%). 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 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 3/19/2024 by MarketBeat.com Staff

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