Streetbeat News

SNOW

Snowflake Inc.

https://www.snowflake.com

Industry

Software - Application

Snowflake Inc. provides a cloud-based data platform in the United States and internationally. The company's platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data. Its platform is used by various organizations of sizes in a range of industries. The company was formerly known as Snowflake Computing, Inc. and changed its name to Snowflake Inc. in April 2019. Snowflake Inc. was incorporated in 2012 and is based in Bozeman, Montana.

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The article highlights the top eight large-cap stock losers from August 18 to August 24, 2023. Snowflake, JD.com, and PDD Holdings are among the companies that saw significant declines due to various factors such as earnings reports, analyst downgrades, and strategic divestments.

Portfolio Pulse from Lekha Gupta

August 25, 2024 | 4:07 pm

Benzinga highlights bullish and bearish stock stories, including Nvidia's favorable AI prospects, Broadcom's AI partnerships, and Tesla's stagnation concerns. The market reacted positively to potential interest rate cuts, boosting stocks.

Portfolio Pulse from Michael Cohen

August 24, 2024 | 1:00 pm

Top Wall Street analysts have upgraded their ratings for several companies, including BJ's Wholesale Club, Snowflake, Westlake Corporation, Warby Parker, and Gaming and Leisure Properties. These upgrades come with increased price targets, despite recent declines in their stock prices.

Portfolio Pulse from Avi Kapoor

August 23, 2024 | 1:58 pm

HSBC analyst Stephen Bersey has upgraded Snowflake (NYSE:SNOW) from Reduce to Hold, setting a price target of $121.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 9:38 am

Jim Cramer predicts a market slowdown, suggesting that recent gains may pause as reality sets in. He notes that stocks like Snowflake, Williams-Sonoma, and BJ's Wholesale Club have suffered despite decent earnings. Investors are cautious ahead of Fed Chair Powell's speech, with potential interest rate cuts on the horizon.

Portfolio Pulse from Benzinga Neuro

August 23, 2024 | 6:34 am

The article highlights significant options activity for 10 information technology stocks, indicating potential trading opportunities. Notable movements include bearish sentiment for NVDA, MSFT, and AAPL, while TSM, MARA, AMD, SNOW, IREN, SMCI, and AMAT show bullish sentiment.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 5:35 pm

US stocks fell on Thursday as traders awaited Fed Chair Powell's speech at the Jackson Hole Symposium. The dollar and Treasury yields rose, impacting bonds and gold negatively. The energy sector outperformed due to rising oil prices, while tech lagged. Notable stock movements included Snowflake's 12% drop and Zoom's 13% rise.

Portfolio Pulse from Piero Cingari

August 22, 2024 | 5:20 pm

Jefferies analyst Brent Thill maintains a Buy rating on Snowflake (NYSE:SNOW) but lowers the price target from $160 to $145.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 4:40 pm

Scotiabank analyst Patrick Colville maintains a Sector Outperform rating on Snowflake (NYSE:SNOW) but lowers the price target from $195 to $165.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 4:36 pm

Wedbush analyst Taz Koujalgi maintains a Neutral rating on Snowflake (NYSE:SNOW) and lowers the price target from $210 to $140.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 4:06 pm

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