In the last three months, 25 analysts have published ratings on Snowflake SNOW, offering a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 12 | 5 | 0 | 1 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 6 | 10 | 5 | 0 | 0 |
| 2M Ago | 1 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 1 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $203.28, a high estimate of $240.00, and a low estimate of $125.00. Experiencing a 4.01% decline, the current average is now lower than the previous average price target of $211.77.
Diving into Analyst Ratings: An In-Depth Exploration
An in-depth analysis of recent analyst actions unveils how financial experts perceive Snowflake. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Joe Goodwin | JMP Securities | Maintains | Market Outperform | $235.00 | $235.00 |
| Mike Cikos | Needham | Maintains | Buy | $210.00 | $210.00 |
| Frederick Havemeyer | Macquarie | Lowers | Outperform | $200.00 | $205.00 |
| David Hynes | Canaccord Genuity | Lowers | Buy | $215.00 | $230.00 |
| Patrick Colville | Scotiabank | Lowers | Sector Outperform | $195.00 | $207.00 |
| William Power | Baird | Lowers | Outperform | $200.00 | $210.00 |
| Mark Moerdler | Bernstein | Raises | Market Perform | $185.00 | $171.00 |
| Mark Schappel | Loop Capital | Lowers | Buy | $225.00 | $235.00 |
| Raimo Lenschow | Barclays | Raises | Equal-Weight | $191.00 | $188.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $226.00 | $220.00 |
| Karl Keirstead | UBS | Raises | Neutral | $190.00 | $185.00 |
| Brad Reback | Stifel | Lowers | Buy | $200.00 | $220.00 |
| Ittai Kidron | Oppenheimer | Maintains | Outperform | $220.00 | $220.00 |
| Mark Murphy | JP Morgan | Raises | Overweight | $185.00 | $170.00 |
| Blair Abernethy | Rosenblatt | Raises | Buy | $195.00 | $185.00 |
| Eric Heath | Keybanc | Raises | Overweight | $200.00 | $185.00 |
| Mike Cikos | Needham | Lowers | Buy | $210.00 | $240.00 |
| Brent Bracelin | Piper Sandler | Maintains | Overweight | $240.00 | $240.00 |
| Taz Koujalgi | Wedbush | Maintains | Neutral | $210.00 | $210.00 |
| Matthew Hedberg | RBC Capital | Lowers | Outperform | $220.00 | $246.00 |
| Joe Goodwin | JMP Securities | Maintains | Market Outperform | $235.00 | $235.00 |
| Bradley Sills | B of A Securities | Lowers | Neutral | $200.00 | $212.00 |
| Eric Heath | Keybanc | Announces | Overweight | $185.00 | - |
| Blair Abernethy | Rosenblatt | Announces | Buy | $185.00 | - |
| Alex Haissl | Redburn Atlantic | Announces | Sell | $125.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Snowflake. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Snowflake compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Snowflake's stock. This examination reveals shifts in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Snowflake's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Snowflake analyst ratings.
Delving into Snowflake's Background
Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.
Key Indicators: Snowflake's Financial Health
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Snowflake's remarkable performance in 3 months is evident. As of 30 April, 2024, the company achieved an impressive revenue growth rate of 32.89%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Snowflake's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -38.25%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Snowflake's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -6.51%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Snowflake's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -4.08%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.06.
The Core of Analyst Ratings: What Every Investor Should Know
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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