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

A significant bearish stance has been taken on Snowflake (NYSE:SNOW) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The price of SNOW is currently down -0.71% at $168.96. Barclays, Raymond James, and Mizuho have maintained their positive ratings on Snowflake, while Needham and Wedbush have downgraded their actions.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 6:15 pm

A significant amount of unusual options activity has been observed for Snowflake (NYSE:SNOW), with a bearish stance being taken by a majority of investors. The price range targeted by these investors over the last 3 months is $130.0 to $210.0. The current price of SNOW is up 3.44% at $171.66. Analysts from Mizuho, Wells Fargo, and Barclays maintain a positive rating on Snowflake, while Needham and DA Davidson have downgraded their actions to Buy.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 3:30 pm

Snowflake Inc. (NYSE:SNOW) shares are trading higher after DA Davidson initiated coverage on the stock with a Buy rating and a $200 price target. The firm describes Snowflake as the best-in-class cloud data warehouse provider and believes it is well-positioned to capitalize on the AI trend. Needham analyst Mike Cikos also reiterated a Buy rating for Snowflake with a $216 price target.

Portfolio Pulse from Erica Kollmann

September 08, 2023 | 5:59 pm

Snowflake Inc (NYSE:SNOW) is transitioning from a data warehouse to a data cloud provider and has launched machine learning products to capture additional workloads. DA Davidson analyst Gil Luria initiated coverage of Snowflake with a Buy rating and a price target of $200, citing the company's industry-leading growth rates and potential to benefit from rising demand for artificial intelligence.

Portfolio Pulse from Priya Nigam

September 08, 2023 | 2:11 pm

Analysts have provided various ratings for Snowflake (NYSE:SNOW) within the last quarter, with a majority leaning towards bullish. The average 12-month price target for Snowflake has increased by 3.52% from the previous average, now standing at $191.85.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 1:00 pm

Plus Therapeutics licenses diagnostic assay to detect central nervous system cancers, causing BIOC to rise by 79%. DA Davidson initiates coverage on Snowflake with a buy rating and a price target of $200, leading to a 3% increase in SNOW. Grom Social Enterprises announces pricing of $3M public offering of 946,000 units at $3.00 per unit, resulting in a 53% drop in GROM.

Portfolio Pulse from ryanfaloona@benzinga.com

September 08, 2023 | 12:39 pm

Snowflake shares are trading higher after the company initiated coverage on the stock with a Buy rating and a $200 price target.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 12:23 pm

DA Davidson analyst Andrew Nowinski initiates coverage on Snowflake (NYSE:SNOW) with a Buy rating and announces a price target of $200.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 8:40 am

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

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