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.

Open

123.00

Mkt cap

41B

Volume

3.7M

High

123.00

P/E Ratio

-38.87

52-wk high

237.72

Low

119.66

Div yield

N/A

52-wk low

107.13

NVIDIA Corporation (NVDA) showcased its new Blackwell GPU and announced partnerships with major companies like Amazon (AMZN), Alphabet (GOOG, GOOGL), Microsoft (MSFT), Oracle (ORCL), SAP (SAP), ServiceNow (NOW), Snowflake (SNOW), NetApp (NTAP), and Dell Technologies (DELL) at its GTC AI event. The Blackwell platform is designed to power generative AI, enhancing capabilities in weather prediction, enterprise software, robotics, and healthcare. Nvidia also revealed collaborations in the automotive sector and its Omniverse Cloud streaming on Apple's (AAPL) Vision Pro headset.

Portfolio Pulse from Chris Katje

March 18, 2024 | 11:11 pm

Recent options activity for Snowflake (NYSE:SNOW) shows a mix of bullish and bearish sentiment among investors, with a notable volume of trades focusing on a price window from $130.0 to $240.0. The company, known for its data lake, warehousing, and sharing solutions, has seen its stock price increase by 0.54% to $157.82. Analysts have set an average price target of $224.0, with specific targets ranging from $170 to $265. The next earnings report is expected in 65 days, and current RSI values suggest the stock may be oversold.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 2:46 pm

Monness, Crespi, Hardt analyst Brian White has upgraded Snowflake (NYSE:SNOW) from Sell to Neutral, indicating a change in the firm's outlook on the company.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:44 am

Wedbush analyst Daniel Ives compares the AI revolution to a party that's just getting started, with Nvidia at its center. Ives highlights Nvidia's upcoming AI announcement at GTC 2024, expecting the company to continue leading the AI market. He also mentions potential benefits for AMD, Microsoft, Palantir, Snowflake, Salesforce, Apple, and Tesla due to the AI revolution's broader impacts.

Portfolio Pulse from Rounak Jain

March 16, 2024 | 12:54 pm

32 financial analysts have recently evaluated Snowflake (NYSE:SNOW), showing a mix of bullish to bearish sentiments. The average 12-month price target is $221.19, a slight decrease from the previous $227.04. Analyst actions include both upgrades and downgrades, reflecting changing market conditions and company performance. Snowflake's financials reveal a positive revenue trend but challenges in net margin and ROA, with a strong ROE and low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 2:00 pm

Guggenheim analyst John Difucci upgrades Snowflake (NYSE:SNOW) from Sell to Neutral, indicating a change in the firm's outlook on the company.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:04 pm

Recent options trading trends for Snowflake (NYSE:SNOW) show a bearish sentiment among investors, with 58% of trades being bearish. Significant trading activity has targeted a price range of $115.0 to $195.0. Despite this, expert analysts have set higher target prices for SNOW, ranging from $214 to $290. The company's current market performance shows a slight decrease in stock price to $161.6, with an indication of being potentially oversold. Snowflake's next earnings report is expected in 70 days.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:16 pm

Today's session highlighted significant whale activity in the Information Technology sector, focusing on options trading for stocks like AMD, NVDA, SMCI, TSM, NOW, ZM, TEAM, ARM, SNOW, and MARA. The trades varied in sentiment, with some showing bullish while others bearish outlooks, across various expiration dates and strike prices. Notably, ARM's put option trade with bullish sentiment involved a substantial total trade price of $1.0 million.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 5:35 pm

The article highlights the top 5 oversold tech stocks in March, based on their RSI values being near or below 30, indicating potential undervaluation. These include Smith Micro Software (SMSI), Aurora Innovation (AUR), Snowflake (SNOW), Endava (DAVA), and LivePerson (LPSN), each with recent financial results and stock performance updates.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 11:50 am

Shares of technology sector companies are trading lower, indicating a possible overall pullback in tech stocks.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 8:26 pm

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