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Snowflake (SNOW) Stock Price, News & Analysis

$162.12
+2.08 (+1.30%)
(As of 03:30 PM ET)
Today's Range
$161.72
$165.89
50-Day Range
$156.31
$236.11
52-Week Range
$135.26
$237.72
Volume
8.57 million shs
Average Volume
7.11 million shs
Market Capitalization
$53.39 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$202.50

Snowflake MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
24.9% Upside
$202.50 Price Target
Short Interest
Healthy
2.64% 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 45 Articles This Week
Insider Trading
Selling Shares
$37.68 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.

4.55 out of 5 stars

Computer And Technology Sector

24th out of 587 stocks

Prepackaged Software Industry

9th out of 198 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 – 3/18 – 3/22 (SNOW)
Investors took a breather after the Fed-induced rally and before a shortened trading week that will include plenty of economic reports that could move markets
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Snowflake Stock Gets a Run of Upgrades; is the Low Finally in? 
According to several analysts, we’re starting to get to the extreme end of the selloff, and suddenly, Snowflake stock is looking attractive.
Snowflake Stock Gets a Run of Upgrades; Is the Low Finally In?  (SNOW)
According to several analysts, we’re starting to get to the extreme end of the selloff, and suddenly, Snowflake stock is looking attractive.
Snowflake Stock Gets a Run of Upgrades; Is the Low Finally In?
While the rest of the stock market has been cruising toward highs in recent weeks, a handful of stocks have seen their fortunes diverge violently. That includes tech stocks, which, on the whole, have been outperforming all others as expectations rise for an interest rate cut.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
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.
Snowflake’s New CEO Snaps Up Shares
$5M Bet On Snowflake? Check Out These 4 Stocks Insiders Are Buying
Snowflake's New CEO Snaps Up Shares
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
3/28/2024
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
$202.50
High Stock Price Target
$250.00
Low Stock Price Target
$105.00
Potential Upside/Downside
+23.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
32 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
$53.92 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 Monday, March 25, 2024 at 12:07 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, offering Data Cloud services that can be beneficial for businesses looking to leverage data analytics and storage efficiently.
  • The company has shown consistent growth and innovation in the cloud computing sector, positioning itself as a key player in the industry.
  • Recent developments in Snowflake Inc.'s technology have enhanced its capabilities, attracting more customers and potentially increasing revenue.
  • With the current stock price of Snowflake Inc., investors may find an opportunity to invest in a promising company at a reasonable valuation.
  • Snowflake Inc. has a strong leadership team and strategic partnerships that can drive future growth and expansion in the market.

Cons

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

  • While Snowflake Inc. has shown growth potential, the competitive landscape in the cloud computing industry is intense, leading to challenges in maintaining market share and profitability.
  • Fluctuations in the stock price of Snowflake Inc. may pose risks for investors, especially in volatile market conditions.
  • Investing in technology companies like Snowflake Inc. carries inherent risks related to rapid changes in technology trends and potential disruptions in the industry.
  • Regulatory changes or data privacy concerns could impact Snowflake Inc.'s operations and reputation, affecting investor confidence in the company.
  • While Snowflake Inc. has expanded its offerings and customer base, there may be uncertainties regarding the company's ability to sustain growth and profitability in the long term.

SNOW Stock Analysis - Frequently Asked Questions

Should I buy or sell Snowflake stock right now?

32 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last twelve months. There are currently 2 sell ratings, 10 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?

32 Wall Street analysts have issued 1 year target prices 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 $202.50 in the next year. This suggests a possible upside of 24.7% 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 2024?

Snowflake's stock was trading at $199.00 on January 1st, 2024. Since then, SNOW stock has decreased by 18.4% and is now trading at $162.37.
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) announced its earnings results on Wednesday, February, 28th. The company reported ($0.44) EPS for the quarter, beating analysts' consensus estimates of ($0.49) by $0.05. The business earned $774.70 million during the quarter, compared to analyst estimates 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?

Snowflake (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 many different institutional and retail investors. Top institutional shareholders 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, Emily Ho, Frank Slootman, Grzegorz Czajkowski, Jeffrey E Eberwein, 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 3/28/2024 by MarketBeat.com Staff

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