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How to Buy Snowflake Stock

Snowflake Inc

Snowflake is a app company located in California, United States, which is part of the Technology sector, and is traded under the ticker SNOW on the NYSE exchange.

Snowflake stock last closed at $188.28, down 18.14% from the previous day, and has increased 21.96% in one year. It has underperformed other stocks in the Software - Application industry by 0.11 percentage points. Snowflake stock is currently +46.45% from its 52-week low of $128.56, and -20.8% from its 52-week high of $237.72.

At the moment, there are 329.3M SNOW shares outstanding. The market cap of SNOW is $62.00B. In the past 24 hours, 42.1M SNOW shares were traded.

How to Buy Snowflake Stock

Not sure how to invest in Snowflake stock? Here's how.
  1. Choose where to buy Snowflake stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you choose where to buy Snowflake stock.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit funds into your brokerage account: Pick your method of payment and add your information.
  4. Analyze Snowflake stock: The Snowflake ticker symbol is SNOW. Is Snowflake stock a good investment? Should you buy shares of SNOW? How do SNOW's underlying business fundamentals look? Do top analysts think Snowflake is a good buy? Why has SNOW's stock price moved recently? (Hint: Our stock research website can help you decide if SNOW is a good stock to buy).
  5. Make your SNOW purchase: Decide if you will purchase SNOW shares at the current market price or use a limit order to purchase SNOW stock at a specific price.
  6. Get notifications regarding your investment in SNOW: Create a watchlist to get live updates on your investment in Snowflake stock.

Step 1: Choose where to buy Snowflake stock

You need a brokerage account to access the NYSE market and buy SNOW stock.

A brokerage account is an investment account that enables you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create a brokerage account

Now that you've picked the right brokerage, it's time to fill out some personal info so you are able to buy SNOW stock today.

How to Create a New Account on eToro

  1. Click here to get started.
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  2. Input your personal details to start your new trading account.
  1. Send your info by pressing the "Create Account" button.
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Step 3: Deposit funds into your brokerage account

Now that you have opened your account on app for stock, you need to deposit funds:

Watch the tutorial below if you need help transferring money into your new investment account.

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Step 4: Analyze Snowflake stock

After you have selected the best place to buy Snowflake stock, it's important to analyze their stock before you invest, so you truly comprehend the risk as well as the opportunity.

Overview of key SNOW info

SNOW Price
$188.28
1w %
-16.55%
1y %
21.96%
5y %
N/A
P/E
-70.25x
P/B
12.58x
P/S
23.66x
PEG
N/A
Revenue
$2.62B
Earnings
-$873.91M
Fore. Rev. Growth
32.06%
Fore. Earn. Growth
N/A
Market Cap
$62.00B
Next Earnings
N/A
Next Dividend
N/A

SNOW Zen Score

WallStreetZen was created to help part-time investors perform better fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on SNOW's stock page.

How is SNOW stock valued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SNOW's fair value.

Using relative valuations measures:

  • SNOW may be overvalued based on its P/B ratio of 12.58x, relative to Software - Application industry P/B ratio of 7.02x

You can access more valuation analysis on SNOW's stock here.

SNOW Financials at a glance

Signs that SNOW is financially healthy:

  • There are more short-term assets than long-term liabilities on the SNOW balance sheet.
  • There are more short-term assets than short-term liabilities on the SNOW balance sheet.
  • SNOW's operating cash flow of $720.86M allows it to safely service it's debt of $286.38M.

Signs that SNOW is not financially healthy:

  • SNOW profit margin has gone up by 0.05 percentage points in the past year, but the company is still unprofitable.
  • SNOW earnings of -$880.48M is not enough to cover its interest payments.
  • SNOW has a relatively high debt to equity ratio of 0.47.

Do Wall Street analysts think it's a good time to buy SNOW stock

Out of 28 sell side analysts who give recommendations on SNOW, the consensus analyst rating on Snowflake is a Buy

Please note that analyst forecasts are not stock recommendations, nor are they financial advice.

Most Recent SNOW Analyst Ratings

Mark Murphy, a top 8% analyst from JP Morgan maintains SNOW with a strong buy rating and lowers their SNOW price target from $200.00 to $170.00, on Feb 29, 2024.

Ittai Kidron, a top 4% analyst from Oppenheimer maintains SNOW with a buy rating and lowers their SNOW price target from $240.00 to $220.00, on Feb 29, 2024.

Frederick Havemeyer, a bottom 15% analyst from Macquarie upgrades SNOW to a buy rating and raises their SNOW price target from $182.00 to $205.00, on Feb 29, 2024.

Macquarie's Frederick Havemeyer upgraded their rating on Snowflake (NYSE: SNOW) from Hold to Buy on 2024/02/29. The analyst also raised their price target by 12.6% from $182 to $205.

The stock's 21% post-print pullback "is the entry point we have been waiting for," the analyst wrote in a note assessing Snowflake's Q4 and FY 2024 print, released on 2024/02/28.

The post-earnings selloff is a "temporary disconnect" between Snowflake's solid fundamentals and the conservative guidance and "the headline shocker (CEO Frank Slootman's resignation)," which provides an attractive buying opportunity, the analyst detailed.

The company "cleared the decks" by lowering its guidance while mitigating the C-suite uncertainty with its strong product and sales origination stories, Havemeyer assured readers.

Earnings Report

Snowflake Inc. reported:

For Q4 2024:

  • EPS of $0.35, which beat the Zacks Consensus Estimate of $0.17 and, by 150%, Q4 2023’s $0.14.
  • Revenue of $774.7M, which beat the Zacks Consensus Estimate of $759.88M and, by 31.5%, Q4 2023’s $589.01M.
  • Operating income margin of 9%.

For FY 2024:

  • EPS of $0.98, which beat FY 2023’s $0.25 by 292%.
  • Revenue of $2.81B, which beat FY 2023’s $2.07B by 35.8%.
  • Operating income margin of 8%.

Management guided:

For Q1 2025:

  • Revenue of $745M to $750M.
  • Operating income margin of 3%.

For FY 2025:

  • Revenue of $3.25B.
  • Operating income margin of 6%.

Chairman Frank Slootman commented: “Snowflake finished FY 2024 with a 38% Y/Y product revenue growth, totaling $2.67B.

“Adjusted free cash flow was $810M, representing 56% Y/Y growth.

“We are successfully campaigning the largest enterprises globally, as more companies and institutions make Snowflake’s Data Cloud the platform of their AI and data strategy.”

Kingsley Crane, a top 13% analyst from Canaccord Genuity reiterates SNOW with a strong buy rating and maintains their SNOW price target from $230.00 to $230.00, on Feb 29, 2024.

Brad Sills, a top 4% analyst from Bank of America maintains SNOW with a hold rating and lowers their SNOW price target from $265.00 to $212.00, on Feb 29, 2024.

You can dig deeper into what analysts are forecasting on the Snowflake stock forecast page.

SNOW Technicals

SMA10
223.72
SMA20
222.77
SMA50
206.91
SMA100
186.13
SMA200
176.04
MACD
3.7
MACD Signal
6.95
MACD Histogram
-3.25
RSI
35.23
Stochastic %K
56.5
Stochastic %D
70.71
StochRSI %K
30.92
StochRSI %D
41.92

SNOW Growth Numbers

Last year, SNOW revenue was $2.62B. Over the last 3 year, SNOW's revenue has increased by 163.32% per year. This was faster than the Software - Application industry average of 30.08%.

You can research SNOW's earnings and revenue performance here.

What are SNOW insiders up to?

Over the last 12 months, executives and large shareholders at SNOW have sold more shares than they have bought.

Christian Kleinerman, SVP Product Management of SNOW, was the latest SNOW insider to sell. They sold $345,000.00 worth of SNOW shares on Feb 14, 2024.

Get more info about who owns SNOW shares here.

Does SNOW provide a stable income stream?

No, Snowflake doesn't provide an income stream by paying out dividends.

What do other investors have to say about SNOW?

One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.

Click below to find out what other traders have to say.

Step 5: Make your SNOW purchase

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are usually fine.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a specific dollar amount, use a limit order.

Press the Open Trade button and eToro will execute the order.

If you need more help with investing in stocks on eToro, watch the helpful video below:

Open eToro Account

Step 6: Get notifications regarding your investment in SNOW

Now that you own some SNOW shares, you'll want to keep up with your new company.

Put SNOW on a watchlist to get the latest updates about your SNOW stock.

SNOW Feed

How to Buy Stock in Snowflake

To reiterate, here are the 6 steps for buying Snowflake stock:

  1. Choose where to buy Snowflake stock
  2. Create a brokerage account
  3. Deposit funds into your brokerage account
  4. Analyze Snowflake stock
  5. Make your SNOW purchase
  6. Get notifications regarding your investment in SNOW

If you require a brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest news on your new investment in Snowflake, create a watchlist on WallStreetZen today.

NYSE: SNOW
$188.28-41.72 (-18.14%)
Updated Feb 29, 2024
Open eToro Account
NYSE: SNOW
$188.28-41.72 (-18.14%)
Updated Feb 29, 2024
Open eToro Account

FAQ

How much does it cost to buy one Snowflake share?

As of Feb 29, 2024, it costs $188.28 to buy one share of Snowflake stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.531 shares of SNOW.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Snowflake stock?

According to 28 Wall Street analysts who monitor Snowflake, their consensus recommendation is to buy Snowflake stock.

What is the best way to buy Snowflake stock?

One way to place an order for Snowflake stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.