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

Jim Cramer attributed Thursday's market rally, where the Nasdaq Composite hit a record high since 2021, to the strength of the tech sector and new inflation data. He highlighted the role of AI and the January personal consumption expenditure price index in this surge. Despite concerns over AI's momentum, exemplified by Snowflake's stock drop, Salesforce's positive forecast led to a rise in tech stocks. Cramer advised investors to look beyond the 'Magnificent Seven' tech stocks for high-yield investments.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 1:39 am

Rosenblatt analyst Blair Abernethy maintains a Neutral rating on Snowflake (SNOW) and lowers the price target from $190 to $185.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:38 pm

Wall Street experienced mixed reactions as inflation cooled in January, with the Nasdaq 100 up 0.4%. AMD surged over 6%, hitting a record high, while Apple dropped 1%. Treasury yields fell, boosting the iShares 20+ Year Treasury Bond ETF. Bitcoin declined over 2%. Notable stock movements included Marathon Digital and Snowflake plummeting, while Hormel Foods soared after exceeding earnings expectations.

Portfolio Pulse from Piero Cingari

February 29, 2024 | 7:30 pm

JMP Securities analyst Joe Goodwin has maintained a Market Outperform rating on Snowflake (NYSE:SNOW) and increased the price target from $212 to $235.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:29 pm

Butterfly Network, Inc. (BFLY) shares fell by 22% after reporting a larger-than-expected GAAP loss for Q4, despite beating sales estimates. Other stocks experienced significant movements, with Enveric Biosciences, Inc. (ENVB) and Societal CDMO, Inc. (SCTL) among the top gainers, while J-Long Group Limited (JL) and Golden Minerals Company (AUMN) led the losers.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 7:00 pm

Evercore ISI Group analyst Kirk Materne maintains an Outperform rating on Snowflake (SNOW) but lowers the price target from $250 to $225.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 5:56 pm

RBC Capital analyst Matthew Hedberg maintains an Outperform rating on Snowflake (NYSE:SNOW) but lowers the price target from $255 to $246.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 5:56 pm

Stifel analyst Brad Reback maintains a Buy rating on Snowflake (NYSE:SNOW) but lowers the price target from $235 to $220.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 5:55 pm

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like AMD, NVDA, SMCI, MARA, MU, KVYO, SNOW, ASAN, RIOT, and ALTR. The activity ranged from bullish to bearish sentiments, involving both call and put options with varying expiration dates and strike prices. This options activity could indicate upcoming trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:35 pm

In Thursday's intraday session, several information technology stocks experienced significant movements. CXApp, Vertex, Inseego, GSI Technology, C3.ai, and Pure Storage were among the gainers, with notable increases in their stock prices following recent earnings reports. Conversely, LivePerson, Endava, CommScope Holding Co, Presto Automation, Snowflake, and MagnaChip Semiconductor were among the losers, with substantial decreases after their earnings announcements.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:31 pm

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