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

Analysts have mixed views on Snowflake (NYSE:SNOW), with recent ratings showing a decrease in bullish sentiment. The average 12-month price target has dropped by 16.83% to $163.54. Analysts have adjusted their ratings and price targets, reflecting changing market dynamics and company performance. Despite strong revenue growth, Snowflake faces challenges with profitability and returns.

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 2:01 pm

Argus Research has initiated coverage on Snowflake (NYSE:SNOW) with a Hold rating, as announced by analyst Joseph Bonner.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:55 pm

The article highlights significant options activity in the Information Technology sector, focusing on trades involving companies like NVDA, SMCI, AAPL, MARA, MSTR, AVGO, CORZ, PGY, SNOW, and AMD. These activities include both call and put options with varying sentiments, indicating potential trading opportunities.

Portfolio Pulse from Benzinga Insights

September 27, 2024 | 5:35 pm

Zeta Global has introduced the AI-powered Zeta Media Engine, which utilizes Snowflake's Data Clean Room and Zeta's AI tools for programmatic marketing across the web. This collaboration aims to enhance people-based marketing at scale.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 8:05 pm

The article highlights significant options activity in the Information Technology sector, focusing on call options for various companies. Notable bullish sentiment is observed for NVDA, BILL, SNOW, and AVGO, while bearish sentiment is noted for AAPL, MSFT, DOCU, AMD, SMCI, and DDOG.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 5:35 pm

Snowflake Inc. (NYSE:SNOW) shares are trading higher as the company recovers from a dip following the announcement of a $2 billion convertible senior notes offering. The notes are priced at a 40% premium, and analysts maintain a positive outlook with a price target of $180.

Portfolio Pulse from Erica Kollmann

September 25, 2024 | 3:30 pm

High-rolling investors are showing unusual options activity in Snowflake (NYSE:SNOW), with a majority being bullish. This suggests potential insider information and a projected price target between $111 and $135. The stock is currently trading at $115.23, with a 2.43% increase.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 2:30 pm

Snowflake Inc. plans to raise $1.97 billion through a debt offering of convertible senior notes due in 2027 and 2029. The company aims to use the proceeds for capped call transactions, stock repurchase, and general corporate purposes. Snowflake's shares are trading lower premarket.

Portfolio Pulse from Lekha Gupta

September 25, 2024 | 10:09 am

Snowflake has announced the pricing of $1 billion in 0% convertible senior notes due in 2027 and another $1 billion due in 2029. This move is likely aimed at raising capital without immediate interest expenses.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 6:36 am

Snowflake Inc. plans to offer $2 billion in convertible notes, leveraging its strong financial position with $3.9 billion in cash and no debt. Analyst Blair Abernethy maintains a Buy rating with a $180 price target, viewing the move as a net positive for Snowflake's strategic growth.

Portfolio Pulse from Anusuya Lahiri

September 24, 2024 | 4:13 pm

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