Full Answer
Should you buy Snowflake stock?
25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last twelve months. There are currently 10 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Snowflake stock. View analyst ratings for Snowflake or view top-rated stocks.
What was the price of Snowflake today?
Snowflake Inc. (SNOW) is a leading software-application business based in the US. It opened the day at $250.00 after a previous close of $250.30. During the day the price has varied from a low of $249.88 to a high of $271.89. The latest price was $269.49 (25 minute delay).
What is Snowflake's (snow) stock symbol?
What is Snowflake's stock symbol? Snowflake trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNOW." How do I buy shares of Snowflake?
Will Snowflake stock bounce off its 200-day line in 2022?
One positive is that SNOW stock bounced off its 200-day line in January amid volatility in the Nasdaq. But Snowflake stock is down 9% in 2022. For the October quarter, Snowflake reported a narrower-than-expected loss while revenue blew past estimates.
What time can I trade Snowflake?
Investors may trade in the Pre-Market (4:00-9:30 a.m. ET) and the After Hours Market (4:00-8:00 p.m. ET). Participation from Market Makers and ECNs is strictly voluntary and as a result, these sessions may offer less liquidity and inferior prices. Stock prices may also move more quickly in this environment.
How do I buy Snowflake stock?
Snowflake is a publicly-traded company. To purchase the stock, you need an account with a US licensed stockbroker. Snowflake trades on the New York Stock Exchange (NYSE) under the ticker SNOW. If you have a brokerage account, it's simple to place an order for the stock.
Is Snowflake stock worth buying?
We value Snowflake stock at about $220 per share, about 55% ahead of the current market price. See our analysis Snowflake Valuation: Is SNOW Stock Expensive Or Cheap? for more details. See our analysis of Snowflake Revenue for more details on Snowflake's business model and how its revenues are expected to trend.
Is SNOW a buy?
The Snowflake (SNOW) IPO raised $3.4 billion. But is SNOW stock a buy right now amid volatility in the tech-heavy Nasdaq composite? SNOW stock is down 61% in 2022. Analysts still debate the valuation of Snowflake stock amid stellar, but decelerating, revenue growth.
Why is Snowflake so popular?
For general users, Snowflake provides complete ANSI SQL language support for managing day-to -day operations. It's cloud agnostic, with unlimited, seamless scalability across Amazon Web Services (AWS) and Microsoft Azure (with the prospect of adding Google Cloud soon).
Why is Snowflake stock falling?
Shares of Snowflake (SNOW 2.49%), a cloud-based data platform company, tumbled last month, seemingly on no company-specific news. Instead, investors were likely reacting to a broader market sell-off, rising inflation, and an upcoming Federal Reserve interest rate hike.
Is Snowflake stock expensive?
Snowflake has been among the most expensive stocks in the market since its IPO, trading well over a price-to-sales (P/S) ratio of 100 at one point, as seen in the chart.
Is SNOW a good long term investment?
Snowflake Inc. (NYSE:SNOW) delivered a -47.52% return since the beginning of the year, while its 12-month returns are down by -20.53%. The stock closed at $177.76 per share on May 02, 2022. "Snowflake grew revenues...
Does Snowflake 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.
What is the forecast for Snowflake stock?
Stock Price Forecast The 30 analysts offering 12-month price forecasts for Snowflake Inc. have a median target of 180.00, with a high estimate of 530.00 and a low estimate of 110.00. The median estimate represents a +46.89% increase from the last price of 122.54.
Is SNOW stock a buy or sell?
Raymond James is very positive about SNOW and gave it a "" rating on Jun 03, 2022. The price target was changed from 129.82 to 6.09. Over the last 90 days, this security got 4 buy, 25 sell, and 0 hold ratings.
Who owns snowflake stock?
Top 10 Owners of Snowflake Inc.StockholderStakeShares ownedIconiq Capital LLC7.77%24,427,632Altimeter Capital Management LP5.42%17,041,796The Vanguard Group, Inc.4.74%14,925,288Morgan Stanley Investment Managem...4.27%13,440,3076 more rows
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Investment Thesis for SNOW
Snowflake is a play on the explosive growth of cloud computing and on the need for companies to crunch large amounts of data to feed and grow their businesses.
Key Risks of Snowflake Stock
On a macro level, there are increasing signs of a pullback in the market and in tech in particular. Snowflake has risen despite this backdrop, but short-term could be painful if there is a broad retreat.
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Is Snowflake Stock a Buy?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Is Snowflake Stock Undervalued or Overvalued?
The current stock price matches analysts’ 12 month forecast, meaning the stock is close to what they think is fair value. Snowflake isn’t profitable, so you can’t go by a price-earnings ratio to judge its valuation. Investing in this stock is a bet on growth, not valuation.
Snowflake share dividends
We're not expecting Snowflake to pay a dividend over the next 12 months.
When did Snowflake stock hit 429?
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 much did Snowflake lose in the first quarter?
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.
How many employees will Snowflake have in 2022?
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.
What is Pfizer Snowflake?
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.
Is Snowflake stock a premium?
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.
Does Snowflake support Unified ID 2.0?
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.
Is Snowflake available on Amazon?
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 ).
How much is Snowflake worth?
At its peak, Snowflake was valued at about $120 billion -- more than 200 times its revenue in fiscal 2021, which ended this January.
How many customers does Snowflake have in 2021?
Snowflake's total number of customers jumped 73% to 4,139 at the end of fiscal 2021, including 186 of the Fortune 500 companies. Snowflake's total revenue rose 124% to $592 million in 2021. Its net retention rate, which measures its year-over-year revenue growth per existing customer, exceeded 165% for the full year.
How much revenue does Snowflake have in 2022?
In the first quarter of fiscal 2022, Snowflake's revenue rose another 110% year over year to $228.9 million. Its number of customers increased 67% to 4,532, including a new Fortune 500 customer, and it ended the period with net retention rate of 168%. Snowflake expects its product revenue, which accounted for 94% of its top line in fiscal 2021, ...
Is Snowflake too expensive?
Snowflake is still too expensive. Snowflake is a disruptive company that carved out a high-growth niche in the crowded cloud services market. But its days of triple-digit revenue growth are gradually ending, and there's no clear path toward profitability as Amazon, Microsoft, and others try to catch up to Snowflake.
About Snowflake
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.
Headlines
Where Will Snowflake Stock Be In 10 Years? Higher, But By How Much? - Seeking Alpha
Snowflake (NYSE:SNOW) Frequently Asked Questions
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.
Is Snowflake stock strong?
Snowflake’s Fundamentals Remain Strong. In a column on Snowflake published on Oct. 5, I wrote that SNOW stock ” has all the elements needed to become a huge winner over the longer term. Specifically, the company operates in a hot sector, appears to have great technology that will tremendously help its customers, and has a wonderful CEO.”.
Is Snowflake negatively impacted by the reopening of the economy?
I think it’s possible that, like Fastly, Snowflake could be meaningfully, negatively impacted by the continued reopening of the economy. After all, with the work-from-home trend weakening, companies may not have as much need to keep and analyze data in the cloud now as they did at the beginning of the year.
Is Snowflake a hold call?
The comments by Andrews, who initiated Snowflake with a “hold” call on May 2, were reported by Barron’s. Further, the combination of a guidance shortfall and the market’s nervous mood could result in SNOW stock tumbling in the wake of its upcoming earnings. As a result, I advise investors to buy the name on weakness sometime after it reports its ...
Snowflake (SNOW)
This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
Snowflake Inc. - Hold
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. In addition, Snowflake Inc.
Style Scorecard
The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.
Chart for SNOW
Snowflake Inc. provides software solutions. The Company develops database architecture, data warehouses, query optimization and parallelization solutions. Snowflake Inc. is based in CA, United States.