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

Citigroup analyst Tyler Radke has maintained a Buy rating on Snowflake (NYSE:SNOW) and increased the price target from $255 to $290.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 5:33 pm

Snowflake (NYSE:SNOW) is anticipated to report a quarterly EPS of $0.18 on February 28, 2024. Historical data shows variable stock price reactions to past earnings reports, with a notable 7.05% increase after last quarter's earnings beat. Shares are currently trading at $230.93, marking a 51.39% increase over the last 52 weeks. Investors are keen on both the earnings outcome and the company's future guidance.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 2:01 pm

Investors have shown a bearish stance on Snowflake (NYSE:SNOW), with options trading indicating a split sentiment of 28% bullish and 71% bearish. A total of 45 uncommon options trades were spotted, with a focus on a price band between $120.0 and $270.0. The largest trades include both bullish and bearish sentiments across various expiration dates and strike prices. Snowflake, a data lake, warehousing, and sharing company, has over 3,000 customers, including nearly 30% of the Fortune 500. The company's stock is currently trading at $229.33, with an earnings announcement expected in 2 days. Analysts have issued mixed ratings, with a consensus target price of $235.4.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:46 pm

Wedbush Securities analyst Dan Ives predicts a tech bull market driven by AI, with Nvidia at the forefront, continuing into 2025. Ives highlights the significant potential for AI infrastructure spending to benefit companies like MongoDB, Palantir, and Snowflake. He sees supply and regulatory issues as temporary, anticipating a '1995 Moment' for the tech sector with $1 trillion of incremental spending over the next decade.

Portfolio Pulse from Erica Kollmann

February 23, 2024 | 10:32 pm

Shares of tech sector companies are trading higher due to overall market strength, influenced by NVIDIA's strong Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 5:54 pm

UBS analyst Karl Keirstead has maintained a Neutral rating on Snowflake (NYSE:SNOW) and increased the price target from $185 to $225.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:38 pm

Snowflake (NYSE:SNOW) is experiencing a significant tailwind from AI, with its stock up 8.65% YTD and 43% over the past year. JPMorgan's Mark R Murphy rates SNOW Overweight with a $200 price target, highlighting its strong position in cloud data management and potential in AI-driven data modernization. Despite an 'optimization hangover', optimism is growing, with substantial Q4 deals indicating broader market adoption and a healthy growth trajectory.

Portfolio Pulse from Surbhi Jain

February 22, 2024 | 2:27 pm

Rivian Automotive, Inc (NASDAQ:RIVN) is trading lower ahead of its Q4 earnings, with analysts expecting a loss of $1.32 per share on revenues of $1.262 billion. Barclays downgraded Rivian's stock, and the company's stock performance has been volatile around earnings reports. The Spear Alpha ETF (NASDAQ:SPRX), which includes Rivian among its holdings, offers a diversified investment option. Rivian's technical analysis shows a neutral stance with potential for movement post-earnings.

Portfolio Pulse from Melanie Schaffer

February 21, 2024 | 7:59 pm

Ahead of Nvidia's Q4 earnings, the stock is experiencing a slight decline. Analysts predict earnings of $4.53 per share on revenues of $20.24 billion. Cantor Fitzgerald and Rosenblatt have reiterated their positive ratings with significant price targets. Nvidia's technical analysis shows neutrality with potential for both bullish and bearish movements post-earnings. The Spear Alpha ETF, which includes Nvidia as a major holding, offers an alternative for diversified investment. Nvidia's recent price movements and technical indicators suggest a possible short-term direction post-earnings.

Portfolio Pulse from Melanie Schaffer

February 21, 2024 | 7:48 pm

Recent options trading trends for Snowflake (NYSE:SNOW) show a bearish stance by major investors, with 54% of trades being bearish and 45% bullish. The trading volume and open interest analysis suggest a focus on a price range between $185.0 and $222.5. The largest trades include both bullish and bearish sentiments, with significant amounts invested in calls and puts. Snowflake, a data warehousing company, has seen its stock price decrease by -3.17% to $213.11, with analysts giving mixed reviews and target prices ranging from $214 to $265. The company's next earnings are expected in 7 days.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 3:01 pm

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