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 $150.30, down 1.11% from the previous day, and has increased 3.47% in one year. It has underperformed other stocks in the Software - Application industry by 0.16 percentage points. Snowflake stock is currently +11.12% from its 52-week low of $135.26, and -36.77% from its 52-week high of $237.72.
At the moment, there are 334.2M SNOW shares outstanding. The market cap of SNOW is $50.23B. In the past 24 hours, 4.52M SNOW shares were traded.
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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.
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.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SNOW's fair value.
Using relative valuations measures:
You can access more valuation analysis on SNOW's stock here.
Out of 29 Equities analysts who give ratings on SNOW, the consensus analyst rating on SNOW is a Buy
Please note that analyst forecasts are not recommendations, nor are they financial advice.
Joe Goodwin, a bottom 6% analyst from JMP Securities maintains SNOW with a buy rating and raises their SNOW price target from $212.00 to $235.00, on Feb 29, 2024.
JMP Securities's Joe Goodwin raised their price target on Snowflake (NYSE: SNOW) by 10.8% from $212 to $235 on 2024/02/29. The analyst maintained their Buy rating on the stock.
Snowflake reported generally better than expected Q4 results and named Sridhar Ramaswamy as its new CEO, with Frank Slootman stepping down but remaining Chairman of the Board, the analyst wrote after the 2024/02/28 release of Snowflake's Q4 and FY 2024 earnings report.
In spite of guidance "notable for its conservatism and significantly below expectations," JMP Securities continues to like the Snowflake story, considering that consumption trends have improved since the beginning of last year and Q4 was an exceptional booking quarter for the company, signaling an improving macro environment, Goodwin added.
Snowflake Inc. reported:
For Q4 2024:
For FY 2024:
Management guided:
For Q1 2025:
For FY 2025:
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.”
Kirk Materne, a top 17% analyst from Evercore ISI Group maintains SNOW with a buy rating and lowers their SNOW price target from $250.00 to $225.00, on Feb 29, 2024.
Brad Reback, a top 10% analyst from Stifel Nicolaus maintains SNOW with a strong buy rating and lowers their SNOW price target from $235.00 to $220.00, on Feb 29, 2024.
Matthew Hedberg, a top 1% analyst from RBC Capital maintains SNOW with a buy rating and lowers their SNOW price target from $255.00 to $246.00, on Feb 29, 2024.
Mark Murphy, a top 9% 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.
You can dig deeper into what analysts are projecting on the Snowflake stock forecast page.
Last year, SNOW revenue was $2.81B. During the past five year, SNOW's revenue has increased by 96.15% per year. This was faster than the Software - Application industry average of 27.51%.
Find out more about SNOW's earnings and revenue performance here.
Over the past year, executives and large shareholders at SNOW have sold more shares than they have bought.
Sridhar Ramaswamy, Chief Executive Officer of SNOW, was the latest SNOW insider to buy. They bought $5,000,037.84 worth of SNOW stock on Mar 25, 2024.
Get more info about who owns SNOW stock here.
No, Snowflake doesn't provide an income stream by paying out dividends.
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