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

128.59

Mkt cap

42B

Volume

5.3M

High

128.95

P/E Ratio

-41.16

52-wk high

237.72

Low

123.36

Div yield

N/A

52-wk low

107.13

Snowflake (SNOW) is rated as a Strong Buy due to its strong revenue growth potential and unique business model. Despite a recent share price drop, its cloud-based platform and focus on AI and ML position it well for future growth.

Portfolio Pulse from

November 06, 2024 | 1:00 pm

Snowflake Inc. (SNOW) experienced a significant decline in its stock price, closing at $113.74, which is a 1.52% drop from the previous day. This decline was steeper than the broader market's performance.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

The article highlights SoundHound and Snowflake as two AI stocks with potential for significant growth. Both are considered undervalued in their industries.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Whales are showing a bearish stance on Snowflake (NYSE:SNOW) with 66% of recent options trades being bearish. The trading activity suggests a price range of $85 to $165 for SNOW in the coming months. Current trading volume is 518,636 with a price increase of 1.53% to $116.68.

Portfolio Pulse from Benzinga Insights

October 25, 2024 | 2:30 pm

ServiceNow and Snowflake have announced a Zero Copy integration partnership, enhancing enterprise data connectivity and operational efficiency. This collaboration allows for seamless data sharing and workflow automation, leveraging Snowflake's AI platform to trigger ServiceNow workflows.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:30 pm

Analysts have provided a range of ratings for Snowflake (NYSE:SNOW) over the past three months, with a mix of bullish and bearish perspectives. The average 12-month price target has decreased by 15.69% to $162.82. Despite positive revenue growth, Snowflake faces challenges with profitability and returns on equity and assets.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 4:00 pm

Cleveland Research has downgraded Snowflake (NYSE:SNOW) from a Buy to a Neutral rating.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 3:29 pm

The article highlights significant options activity for several major technology stocks, indicating potential trading opportunities. Notable movements include bullish sentiment for NVDA and QCOM, bearish sentiment for MSTR, AMD, AMAT, TXN, and SNOW, and mixed sentiment for AAPL and MSFT.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 5:35 pm

Goldman Sachs has identified 20 stocks with high short interest that could experience a short squeeze during the Q3 earnings season. These stocks, if they report better-than-expected earnings, may see significant price increases as short sellers cover their positions. Goldman recommends buying call options to capitalize on potential short squeezes.

Portfolio Pulse from Piero Cingari

October 18, 2024 | 1:23 pm

Amazon has partnered with Databricks to offer cost-effective AI solutions using its Trainium AI chips, challenging Nvidia's dominance in the AI hardware market. This move could reduce AI development costs by up to 40% for businesses.

Portfolio Pulse from Anusuya Lahiri

October 15, 2024 | 3:07 pm

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