Should you buy Snowflake stock?
With Snowflake stock, you should be more interested in long-term gains than a short-term pop. In the long run, it's a sure growth candidate. Three Stocks Even Better Than SNOW
How risky is Snowflake stock?
(SNOW) Q3 2022 Earnings Call Transcript
- Contents:
- Prepared Remarks: Ladies and gentlemen, thank you for standing by, and welcome to the third quarter fiscal year 2022 Snowflake earnings conference call.
- Questions & Answers: [Operator instructions] Thank you. We have your first question from Raimo Lenschow with Barclays. Your line is open.
When does Snowflake start trading?
This week is the busiest for the U.S. IPO market since May 2019. On Wednesday, Sept. 16, cloud-based data storage company Snowflake will start trading on the NYSE under the ticker “SNOW.”
What happened to Snowflake stock?
What’s caught our eye over the past 24 hours:
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- El Salvador wants to build a tax-free Bitcoin City.
What is a good price for Snowflake stock?
Performance OutlookPrevious Close145.43Ask148.40 x 800Day's Range141.30 - 154.2852 Week Range110.26 - 405.00Volume6,728,6493 more rows
Is it worth investing in Snowflake?
Snowflake previously indicated that its product sales could grow to almost $10 billion by 2029 and the company's margins have also been improving, meaning that it could be solidly profitable in the long run.
Is Snowflake A Buy Sell or Hold?
Snowflake has received a consensus rating of Buy. The company's average rating score is 2.74, and is based on 27 buy ratings, 5 hold ratings, and 2 sell ratings.
What is a fair price for Snowflake?
Tangible Asset Value is likely to climb to about 1.1 B in 2022, whereas Free Cash Flow is likely to drop slightly above 15.5 M in 2022. Snowflake Inc has a current Real Value of $200.27 per share. The regular price of the company is $159.68. At this time, the company appears to be undervalued.
Does Buffett still own Snowflake?
Berkshire Hathaway only owns 2% of Snowflake's shares outstanding. It's important to note, too, that Apple shares are down nearly 16% this year, or worse than the S&P 500. And it's a similar story in a sector that's more typical of a Warren Buffett stock: financials.
Is Snowflake a long term buy?
This founder-led company has a proven track record of innovation, making it a relevant investment for the long term. SNOW has fallen below its 2020 IPO price and is the cheapest it's ever been, despite beating expectations every quarter since going public.
Why is Snowflake so popular?
Snowflake's ability to operate against massive raw data has truly ramped up insightful data analysis, allowing, for example, for “Schema on Read” to access data in structured and semi-structured formats without having to model them first.
Should I buy Snowflake Zacks?
Zacks' proprietary data indicates that Snowflake Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the SNOW shares relative to the market in the next few months.
What is Snowflake used for?
Snowflake enables data storage, processing, and analytic solutions that are faster, easier to use, and far more flexible than traditional offerings. The Snowflake data platform is not built on any existing database technology or “big data” software platforms such as Hadoop.
Is Snowflake undervalued?
Even if estimates come down slightly, Snowflake still appears undervalued relative to its growth rates. Analysts expect Snowflake's revenue to grow 66% in 2023 and 55% in 2024, contributing to increases in earnings per share (EPS).
Why are Snowflake shares going down?
Snowflake reported a loss for the April quarter that met estimates while revenue topped Wall Street targets. Guidance disappointed, sending shares down. A closely watched software benchmark — the iShares Expanded Tech-Software ETF (IGV) — is down nearly 27% in 2022.
Does SNOW stock pay dividends?
Snowflake (NYSE: SNOW) does not pay a dividend. Does Snowflake have sufficient earnings to cover their dividend? Snowflake (NYSE: SNOW) does not pay a dividend.
Should I buy or sell Snowflake stock right now?
31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last year. There are currently 2 sell ratings,...
What is Snowflake's stock price forecast for 2022?
31 brokers have issued 12-month price objectives for Snowflake's shares. Their forecasts range from $120.00 to $415.00. On average, they expect Sno...
How has Snowflake's stock price performed in 2022?
Snowflake's stock was trading at $338.75 at the beginning of the year. Since then, SNOW stock has decreased by 63.9% and is now trading at $122.42....
When is Snowflake's next earnings date?
Snowflake is scheduled to release its next quarterly earnings announcement on Wednesday, August 24th 2022. View our earnings forecast for Snowflake .
How were Snowflake's earnings last quarter?
Snowflake Inc. (NYSE:SNOW) announced its earnings results on Wednesday, May, 25th. The company reported $0.08 earnings per share for the quarter, b...
Who are Snowflake's key executives?
Snowflake's management team includes the following people: Mr. Frank Slootman , Chairman, Pres & CEO (Age 63, Pay $775.2k) ( LinkedIn Profile )...
Who are some of Snowflake's key competitors?
Some companies that are related to Snowflake include Intuit (INTU) , ServiceNow (NOW) , NetEase (NTES) , Activision Blizzard (ATVI) , VMware (...
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 (TS...
When did Snowflake IPO?
(SNOW) raised $2.2 billion in an initial public offering on Wednesday, September 16th 2020. The company issued 28,000,000 shares at $75.00-$85.00 p...
Where is Snowflake located?
When did Snowflake start?
Snowflake Inc. is a cloud computing-based data warehousing company based in Bozeman, Montana. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. The company's name was chosen as a tribute to the founders' love of winter sports.
What is Snowflake cloud?
Snowflake Inc. is a cloud computing-based data warehousing company based in Bozeman, Montana. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode.
Is Snowflake on Amazon?
Snowflake offers a cloud-based data storage and analytics service, generally termed "data warehouse-as-a-service". It allows corporate users to store and analyze data using cloud-based hardware and software. Snowflake runs on Amazon S3 since 2014, on Microsoft Azure since 2018 and on the Google Cloud Platform since 2019.
About Snowflake
Snowflake runs on Amazon S3 since 2014, on Microsoft Azure since 2018 and on the Google Cloud Platform since 2019. The company is credited with reviving the data warehouse industry by building and perfecting a cloud-based data platform.
Headlines
Snowflake Inc. provides cloud-based data platform in the United States and internationally. The company's platform offers Data Cloud, an ecosystem that enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data.
Snowflake (NYSE:SNOW) Frequently Asked Questions
Where Will Snowflake Stock Be In 10 Years? Higher, But By How Much? - Seeking Alpha
When did Snowflake stock hit 429?
24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last year. There are currently 6 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Snowflake stock. View analyst ratings for Snowflake or view top-rated stocks.
How much did Snowflake lose in the first quarter?
Snowflake stock hit an all-time high of 429 in early December. But SNOW stock swooned in late 2020 amid analyst concerns over its lofty valuation. At a June 10 analyst day, Snowflake laid out a path to $10 billion in product revenue by fiscal 2029, which coincides with calendar 2028. The $10 billion revenue target would result in ...
How many employees will Snowflake have in 2022?
In the first quarter, Snowflake reported a GAAP operating loss of $205.6 million and a GAAP per-share loss of 70 cents. Snowflake stock subsequently fell. It recorded an adjusted operating loss of $35.8 million.
What is Pfizer Snowflake?
For fiscal 2022, for example, Snowflake has told analysts it plans to hire 1,200 net new employees, which would represent 48% growth in head count. Still, investments are paying off in revenue growth. Snowflake had 4,532 customers as of April 30, up 67% from the year-earlier period.
Is Snowflake stock a premium?
Pfizer uses Snowflake tools to forecast product sales and to gain insights into the distribution of the Covid-19 vaccine. Stellar customer growth enabled SNOW stock to pull off the largest initial public offering ever by a software company in September 2020. The IPO raised $3.4 billion.
Does Snowflake support Unified ID 2.0?
Snowflake stock still trades at a substantial premium as a multiple of forward-looking revenue growth. SNOW stock holds an IBD Composite Rating of 36 out of a best possible 99, according to IBD Stock Checkup. IBD's Composite Rating combines five separate proprietary ratings into one easy-to-use rating.
Is Snowflake available on Amazon?
Snowflake in July announced support for digital advertising standard Unified ID 2.0. Advertising is one of Snowflake's largest verticals with customers representing a large percentage of players in the space, noted a RBC Capital report. The move comes as Google phases out internet cookies for targeted advertising.
Snowflake (NYSE:SNOW) Price Target and Consensus Rating
Snowflake also enables easily searchable data to be shared among applications. Snowflake's data analytics tools became available on Amazon Web Services in 2015, Microsoft's Azure in 2018 and on Google's cloud platform in 2020. In June, Snowflake partnered with C3.ai ( AI ).
Analyst Price Target Consensus
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy).
Analyst Ratings By Month
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Average Share Price and Price Target by Month
The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Snowflake (NYSE:SNOW) Analyst Ratings Frequently Asked Questions
The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target.
