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

Wolfe Research analyst Alex Zukin has downgraded Snowflake (NYSE:SNOW) from Outperform to Peer Perform.

Portfolio Pulse from richadhand@benzinga.com

May 26, 2023 | 8:43 am

Snowflake Inc (NYSE:SNOW) faces downward revisions in FY24 product revenue growth and operating margins due to weaker trends from larger Enterprise customers. Analysts from Piper Sandler, Needham, Oppenheimer, Morgan Stanley, and Raymond James maintain positive ratings with price targets ranging from $170 to $215.

Portfolio Pulse from Anusuya Lahiri

May 25, 2023 | 6:59 pm

Snowflake Inc. (NYSE:SNOW) shares are trading down after the company posted Q1 financial results and lowered product revenue guidance for fiscal year 2024. Q1 revenue was $623.6 million, beating estimates, but full-year product revenue is now expected to be $2.6 billion. Altimeter Capital's Brad Gerstner remains positive on Snowflake, highlighting recent AI-focused acquisitions.

Portfolio Pulse from Ryan Gustafson

May 25, 2023 | 6:49 pm

Dollar Tree shares dropped 14.1% after mixed Q1 results and guidance. NVIDIA shares gained 22.9% after better-than-expected Q1 results and strong sales forecast. Other stocks experienced significant price movements during Thursday's mid-day session.

Portfolio Pulse from Lisa Levin

May 25, 2023 | 5:11 pm

Morgan Stanley analyst Keith Weiss maintains an Overweight rating on Snowflake (NYSE:SNOW) and keeps the $215 price target.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 2:21 pm

Stifel analyst Brad Reback maintains a Buy rating on Snowflake (NYSE:SNOW) but lowers the price target from $185 to $180.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 1:54 pm

Snowflake Inc's shares are trading lower after the company reported Q1 results, with several analysts lowering price targets. Q1 revenue increased 48% YoY to $623.6 million, beating estimates, and product revenue was up 50% YoY. However, the stock price fell 15% to $150.60.

Portfolio Pulse from Adam Eckert

May 25, 2023 | 1:43 pm

Snowflake Inc. (NYSE:SNPW) reported Q1 sales of $623.60 million, beating estimates of $608.36 million, but issued a weak outlook for Q2 product revenue. Shares dropped 14.9% in pre-market trading. Several analysts cut their price targets on Snowflake following the earnings announcement.

Portfolio Pulse from Lisa Levin

May 25, 2023 | 12:55 pm

Nutanix shares are trading higher by 16% in pre-market trading after reporting better-than-expected Q3 results. Other stocks moving premarket include Nano Labs, Kubient, X Financial, Infobird, NVIDIA, Lizhi, Siyata Mobile, Ryvyl, and Bullfrog AI Holdings.

Portfolio Pulse from Lisa Levin

May 25, 2023 | 12:32 pm

Loop Capital analyst Mark Schappel maintains a Buy rating on Snowflake (NYSE:SNOW) but lowers the price target from $200 to $195.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 12:22 pm

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