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NYSE: SNOW

How to Buy Snowflake Stock

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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 $142.87, up 3.97% from the previous day, and has decreased 61.42% in one year. It has underperformed other stocks in the Software - Application industry by 0.15 percentage points. Snowflake stock is currently +29.57% from its 52-week low of $110.27, and -62.13% from its 52-week high of $377.26.

At the moment, there are 321.6M SNOW shares outstanding. The market cap of SNOW is $45.95B. In the past 24 hours, 5.65M 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. It's the best place to buy SNOW stock.
  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.

Our preferred brokerage: eToro

Based on our analysis, eToro is the best stock brokerage. eToro gives you:

  • You can invest in stocks with 0% commissions: Invest without commissions.
  • Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
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  • Social investing: eToro boasts a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of other investors.
  • Security: eToro is a regulated and licensed brokerage platform.
  • Buy other assets: Such as ETFs and cryptocurrencies.

Get $10 towards your purchase of stock by creating an account with eToro now.

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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.
  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

Watch this video walkthrough to see the process of depositing funds into your investment account.

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Step 4: Analyze Snowflake stock

It's crucial to evaluate stocks before you invest, so you truly comprehend the risk as well as the upside.

Snowflake Numbers

SNOW Price
$142.87
1w %
-7.25%
1y %
-61.42%
5y %
N/A
P/E
-62.66x
P/B
8.49x
P/S
24.59x
PEG
N/A
Revenue
$1.86B
Earnings
-$721.69M
Fore. Rev. Growth
32.08%
Fore. Earn. Growth
N/A
Market Cap
$45.95B
Next Earnings
N/A
Next Dividend
N/A

Snowflake Due Diligence Checks

WallStreetZen was built to help everyday investors do more in-depth fundamental analysis in minutes instead of hours.

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

Is SNOW stock undervalued or overvalued?

Analysts use many financial metrics, analyses, models, and charts to gauge SNOW's fair value.

Using relative valuations metrics:

  • SNOW may be overvalued based on its P/B ratio of 8.49x, relative to Software - Application industry P/B ratio of 4.57x

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

SNOW Financial Health Summary

Signs that SNOW is financially healthy:

  • There are more short-term assets than short-term liabilities on the SNOW balance sheet.
  • SNOW has a low debt to equity ratio of 0.32.
  • SNOW's operating cash flow of $407.22M allows it to safely service it's debt of $254.28M.
  • There are more short-term assets than long-term liabilities on the SNOW balance sheet.

Signs that SNOW is not financially healthy:

  • SNOW profit margin has gone up by 0.34 percentage points in the past year, but the company is still unprofitable.
  • SNOW earnings of -$738.98M is not enough to cover its interest payments.

Is Snowflake stock a Buy, Hold, or Sell?

Out of 33 Wall Street analysts who give forecasts on SNOW, the consensus analyst rating on Snowflake is a Buy

Should I buy or sell SNOW stock?

Based on 33 analysts offering ratings for Snowflake Inc.
Buy
Strong Buy
14 analysts 42.42%
Buy
10 analysts 30.3%
Hold
8 analysts 24.24%
Sell
0 analysts 0%
Strong Sell
1 analysts 3.03%

Latest SNOW Analyst Forecasts

Phil Winslow, a bottom 4% analyst from Credit Suisse maintains SNOW with a buy rating and lowers their SNOW price target from $250.00 to $200.00, on Dec 5, 2022.

Winslow lowered his price target on Snowflake Inc. by 20% following the release of the company's Q3 2023 earnings report on 2022/11/30.

"Solid Q3 results" were delivered, the analyst summarized.

66.6% Y/Y revenue growth beat consensus estimates of 61.3%, the 7.8% operating margin topped the 2.4% consensus, and 66.5% Y/Y cRPO growth was in-line with the 66.7% analysts had been looking for.

For Q3 2023, Snowflake reported:

  • EPS of $0.11, which beat both the Zacks Consensus Estimate and Q3 2022's $0.03 by 266.67%.
  • Revenue of $557M, which beat the Zacks Consensus Estimate by 3.96% and Q3 2022's $334.4M by 66.6%.
  • Remaining performance obligations of $3B, up 66% Y/Y.
  • 7,292 total customers.
  • 287 customers with trailing 12-month product revenue greater than $1M.

Management guided:

For Q4 2023:

  • Product revenue of $535M to $540M which, if achieved would represent Y/Y growth of 49% to 50%.
  • 1% operating income margin.

For FY 2023:

  • Product revenue of $1.919B to $1.924B which, if achieved would represent Y/Y growth of 68% to 69%.
  • 75% product gross profit margin.
  • 3% operating income margin.
  • 21% free cash flow margin.

Chairman & CEO Frank Slootman commented: “During Q3, product revenue grew 67% year-over-year to $523 million.

"Our non-GAAP product gross margin came in at 75%, and we continue to drive strong growth at scale, coupled with strength in unit economics, operating profit, and free cash flow.

“Snowflake’s Data Cloud maximizes the power and promise of data science and artificial intelligence, a high priority in the modern enterprise.”

Keith Weiss, a top 15% analyst from Morgan Stanley maintains SNOW with a strong buy rating and lowers their SNOW price target from $248.00 to $225.00, on Dec 1, 2022.

Mark Murphy, a top 31% analyst from JP Morgan maintains SNOW with a strong buy rating and lowers their SNOW price target from $210.00 to $180.00, on Dec 1, 2022.

Mike Cikos, a bottom 4% analyst from Needham maintains SNOW with a buy rating and lowers their SNOW price target from $240.00 to $165.00, on Dec 1, 2022.

Simon Leopold, a bottom 6% analyst from Raymond James maintains SNOW with a buy rating and lowers their SNOW price target from $197.00 to $180.00, on Dec 1, 2022.

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

SNOW Trading Indicators

SMA10
142.17
SMA20
146.34
SMA50
156.1
SMA100
162.52
SMA200
168.15
MACD
-4.2
MACD Signal
-4.43
MACD Histogram
0.24
RSI
46.96
Stochastic %K
29.03
Stochastic %D
23.62
StochRSI %K
34.1
StochRSI %D
29.5

SNOW Growth Numbers

Last year, SNOW revenue was $1.86B. In the past 2 year, SNOW's revenue has grown by 95% per year. This was faster than the Software - Application industry average of 33.53%.

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

What are SNOW insiders up to?

In the past year, executives and large shareholders at SNOW have sold more shares than they have bought.

Benoit Dageville, President of Products of SNOW, was the latest SNOW insider to sell. They sold $131,123.64 worth of SNOW shares on Sep 9, 2022.

Learn more about who owns SNOW stock here.

Does SNOW stock generate passive income?

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

SNOW Social Trading Data

One of the primary reasons eToro is our highest-rated 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

You have two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are generally fine for most investors.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a particular price limit, use a limit order.

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

If you need more help buying stocks on eToro, click the how to video below:

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Step 6: Get notifications regarding your investment in SNOW

Now that you own some SNOW stock, you'll want to stay up-to-date on your stock purchase.

Put SNOW on a watchlist to keep tabs on your SNOW stock.

SNOW Feed

How to Buy Stock in Snowflake

To reiterate, here are the 6 steps to buy stock in Snowflake:

  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 online brokerage, eToro is our recommended option.

Get Started with eToro Today

If you would like to watch your investment in Snowflake, create a watchlist today.

NYSE: SNOW
$142.87+5.46 (+3.97%)
Updated Dec 8, 2022
Open eToro Account
NYSE: SNOW
$142.87+5.46 (+3.97%)
Updated Dec 8, 2022
Open eToro Account

FAQ

How much does it cost to buy one Snowflake share?

As of Dec 8, 2022, it costs $142.87 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 $10, you can buy 0.07 shares of SNOW.

Get Started with eToro Today

Is now a good time to buy Snowflake stock?

According to 33 Wall Street analysts who monitor Snowflake, their consensus recommendation is to buy Snowflake stock.

What is the best way to buy Snowflake stock?

The best way to buy Snowflake stock is within a brokerage account on eToro.
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.