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.
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You can see all of the due diligence checks on SNOW's stock page.
Analysts use many financial metrics, analyses, models, and charts to gauge SNOW's fair value.
Using relative valuations metrics:
You can access additional valuation analysis on SNOW's stock here.
Out of 33 Wall Street analysts who give forecasts on SNOW, the consensus analyst rating on Snowflake is a Buy
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:
For Q4 2023:
For FY 2023:
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.
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.
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.
No, Snowflake doesn't provide an income stream by paying out dividends.
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To reiterate, here are the 6 steps to buy stock in Snowflake:
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