Snowflake stock (NYSE: SNOW) has been trending lower over the last month due to the broader sell-off in high-growth tech names, on account of fears of inflation and higher bond yields. The stock, which trades at about $220 per share currently, is down by about 20% over the last month and by about 45% from its all-time highs seen in December 2020.
Should you buy Snowflake stock?
Mar 09, 2021 · Snowflake stock slumped as 2020 came to a close, and the recent sell-off in high-flying tech stocks led shares of Snowflake to dive again. The stock now trades for around $230 per share, down ...
When does Snowflake start trading?
Aug 20, 2021 · The price of Snowflake shares dropped after investment firm Cleveland Research expressed caution on the stock after hearing reports from Snowflake partners of longer sales cycles due to increased...
Is Snowflake stock a buy?
Mar 08, 2021 · Despite Snowflake's solid growth metrics, its shares are now down roughly 13% following its earnings release. Its $200 million operating loss in …
Should you buy snpw stock?
2 days ago · In that regard, firms have less of a reason not to give Snowflake a try. Monthly or annual subscriptions are a huge commitment. By doing away with such commitments, Snowflake is essentially taking...
What is the prediction for Snowflake stock?
The 28 analysts offering 12-month price forecasts for Snowflake Inc. have a median target of 300.00, with a high estimate of 530.00 and a low estimate of 190.00. The median estimate represents a +89.21% increase from the last price of 158.55.
Is SNOW a good stock?
Is Snowflake A Buy Sell or Hold?
Is SNOW a buy or sell?
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Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 25.08% |
| 2 | Buy | 18.56% |
| 3 | Hold | 10.15% |
| 4 | Sell | 5.79% |
The cloud-data leader's shares remain expensive, even by growth-stock standards
Joe honed his investing skills as an analyst for Stock Advisor, Supernova, and Fool One. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns during its existence.
What happened
Shares of Snowflake ( NYSE:SNOW) fell 10.7% on Monday, extending the decline in the data-warehousing company's stock price since its fourth-quarter earnings report on Wednesday.
So what
Snowflake's fourth-quarter revenue surged 117% year over year to $190.5 million. The gains were fueled by strong customer growth and rising sales to existing clients.
Now what
Snowflake's losses should be viewed in context. The company is spending heavily to seize a growth opportunity it pegs at $14 billion for its core data warehousing service -- and more than $80 billion when factoring in the entire cloud data market.
Why is Snowflake stock down?
Snowflake stock (NYSE: SNOW) has been trending lower over the last month due to the broader sell-off in high-growth tech names, on account of fears of inflation and higher bond yields. The stock, which trades at about $220 per share currently, is down by about 20% over the last month and by about 45% from its all-time highs seen in December 2020.
How much is Snowflake worth?
Snowflake (NYSE: SNOW), the cloud-based data warehousing company that went public in September, is valued at over $65 billion, or about $240 per share. Below, we take a look at some of the key risks that the company faces.
How much is Snowflake's revenue in 2021?
Snowflake (NYSE:SNOW) published a stronger-than-expected set of Q4 2021 results last week (FY ends January), with revenue rising by about 117% to $107.6 million, driven by continued strong uptake of the company’s cloud-based data warehousing solutions.
Is Teradata profitable?
In comparison, Tera data has seen revenues decline from around $2.2 billion in 2018 to about $1.8 billion in 2020, as its on-premise warehousing model faced competition from Cloud-based players. However, Teradata is profitable, with its adjusted operating margins standing at about 13% last year.
What is Snowflake software?
Snowflake’s software enables organizations to manage and analyze large quantities and diverse types of data across public clouds such as Amazon’s AWS, Google Cloud, and Microsoft’s Azure, in a single, easy to use platform. However, these public cloud players also offer their own data warehousing solutions.
How much is ARR 2020?
Specifically, over Q4 2020 the company said that the annual recurring revenue (ARR) – which is the annual value of all recurring contracts as of Q4 – for public-cloud-based services grew to $106 million, a 165% jump year-over-year.
Is Snowflake a buy right now?
30 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last twelve months. There are currently 2 sell ratings, 15 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Snowflake stock.
What stocks does MarketBeat like better than Snowflake?
Wall Street analysts have given Snowflake a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Snowflake wasn't one of them.
When is Snowflake's next earnings date?
Snowflake is scheduled to release its next quarterly earnings announcement on Wednesday, December 1st 2021.#N#View our earnings forecast for Snowflake.
How were Snowflake's earnings last quarter?
Snowflake Inc. (NYSE:SNOW) issued its quarterly earnings data on Tuesday, August, 24th. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.15) by $0.11. The business had revenue of $272.20 million for the quarter, compared to analysts' expectations of $256.74 million.
What price target have analysts set for SNOW?
30 brokerages have issued 12 month price objectives for Snowflake's stock. Their forecasts range from $175.00 to $375.00. On average, they anticipate Snowflake's stock price to reach $293.84 in the next twelve months.
Who are some of Snowflake's key competitors?
Some companies that are related to Snowflake include Adobe (ADBE), Oracle (ORCL), salesforce.com (CRM), Shopify (SHOP), SAP (SAP), Intuit (INTU), ServiceNow (NOW), Square (SQ), Dassault Systèmes (DASTY), Autodesk (ADSK), Activision Blizzard (ATVI), Twilio (TWLO), CrowdStrike (CRWD), NetEase (NTES) and VMware (VMW).#N#View all of SNOW's competitors.
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 (TSLA), salesforce.com (CRM), CrowdStrike (CRWD), The Boeing (BA), Shopify (SHOP), Zoom Video Communications (ZM), Fastly (FSLY), Alibaba Group (BABA) and ServiceNow (NOW).
Snowflake is a Great Company
I cannot emphasize this enough. The reason the Snowflake IPO was such a huge success is because Snowflake is a great, great company.
Snowflake Stock Is Overvalued
Although Snowflake is a long-term winner, SNOW stock today is overvalued.
Bottom Line on SNOW Stock
SNOW stock is a long-term winner. But price matters. And right now, the price on SNOW stock is too high.
