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

Needham analyst Mike Cikos reiterated a Buy rating on Snowflake Inc (NYSE:SNOW) with a price target of $216. The analyst believes Snowflake's expansion and its Cloud-Native Data Platform are disrupting the market and making it a strong competitor against Databricks. The company is expected to see FY24 revenues rise 32.5% Y/Y to $2.737 billion and FY25 revenues of $3.415 billion, up 24.7% Y/Y.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2023 | 5:59 pm

A significant amount of unusual options activity has been detected for Snowflake (NYSE:SNOW), with a majority of investors taking a bullish stance. The trades include 3 puts amounting to $95,445 and 7 calls amounting to $2,852,570. Whales have been targeting a price range from $160.0 to $250.0 for Snowflake over the last 3 months. The current price of SNOW is up 0.41% at $157.73. Analysts have mixed opinions, with price targets ranging from $144 to $220.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 4:30 pm

Needham analyst Mike Cikos has reiterated a 'Buy' rating on Snowflake (NYSE:SNOW) and maintained a price target of $216.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 9:39 am

Snowflake's (NYSE:SNOW) short percent of float has fallen 6.03% since its last report, with 10.79 million shares sold short, which is 3.43% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Snowflake has less short interest as a percentage of float, with an average of 5.70%.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 5:30 pm

A significant amount of unusual options activity has been observed for Snowflake (NYSE:SNOW), with a bullish stance taken by a majority of investors. Of the 35 unusual trades detected, 54% were bullish and 45% were bearish. The total amount for puts was $664,205 and for calls was $3,374,549. The targeted price range for Snowflake over the last 3 months has been $85.0 to $290.0. The current price of SNOW is up 2.67% at $152.72. Analysts from Piper Sandler, Needham, Barclays, and Rosenblatt have given their ratings and price targets for the stock.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 4:31 pm

Software stocks are trading higher due to a tech rebound and strong earnings from Autodesk and Intuit. Stocks mentioned include Autodesk (ADSK), ServiceNow (NOW), Oracle (ORCL), and Atlassian (TEAM).

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 6:48 pm

The article reports on the options activity of 10 Information Technology stocks, including NVDA, AAPL, FSLR, INTC, ORCL, SNOW, PLTR, AMD, DOCN, and MSFT. The options activity is tracked by Benzinga's options activity scanner, which monitors the transactions of entities with large sums of money, known as whales. The article provides detailed information on the type of options activity (put or call), the sentiment (bullish or bearish), the expiration date, the strike price, the total trade price, the open interest, and the volume for each stock.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 5:35 pm

Snowflake Inc (NYSE:SNOW) exceeded analysts' expectations with its latest quarterly revenue and earnings, with shares rising 3% following the report. The company's results were boosted by increasing data management and storage needs amid the AI hype. Snowflake also announced a partnership with Nvidia (NASDAQ:NVDA) to help enterprises build custom large language AI models. For the quarter ending July 31st, revenue rose about 36% to $674 million, topping Refinitiv’s consensus estimate of $662.2 million. The company expects product revenue for the third quarter to be between $670 million and $675 million.

Portfolio Pulse from Upwallstreet

August 25, 2023 | 4:50 pm

A significant number of investors have taken a bullish stance on Snowflake (NYSE:SNOW), with 57% of investors opening trades with bullish expectations. Whales have been targeting a price range from $110.0 to $185.0 for Snowflake over the last 3 months. The price of SNOW is up 1.43% at $149.78. Several experts have maintained their positive ratings on Snowflake, with price targets ranging from $170 to $191.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 3:46 pm

Rosenblatt analyst Blair Abernethy has reiterated a Neutral rating on Snowflake (NYSE:SNOW) and maintained a price target of $170.

Portfolio Pulse from richadhand@benzinga.com

August 25, 2023 | 11:32 am

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