Breaking Down Snowflake: 21 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Snowflake (NYSE:SNOW) has been evaluated by 21 analysts over the last three months, with a mix of bullish to bearish sentiments. The average 12-month price target is $212.05, up 7.37% from the previous $197.50. Analysts have made various rating changes and price target adjustments, with most raising their targets. Snowflake's financial performance shows a 31.8% revenue growth rate, a net margin of -29.18%, an ROE of -4.19%, an ROA of -2.9%, and a low debt-to-equity ratio of 0.06.
January 05, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Snowflake has received varied analyst ratings with most raising their price targets, indicating a positive outlook. The company's strong revenue growth and low debt levels are positive, but profitability concerns persist due to a negative net margin.
The majority of analysts have raised their price targets for Snowflake, suggesting a positive sentiment that could lead to a short-term increase in stock price. The company's revenue growth is strong, which is a positive indicator for investors. However, the negative net margin and below-average ROA may raise concerns about profitability and asset utilization, which could temper the stock's upward momentum. The overall impact is likely to be positive in the short term due to the weight of positive analyst ratings and price target increases.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100