Snowflake SNOW underwent analysis by 30 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 13 | 11 | 6 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 9 | 10 | 5 | 0 | 0 |
| 2M Ago | 1 | 1 | 0 | 0 | 0 |
| 3M Ago | 2 | 0 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Snowflake, presenting an average target of $183.47, a high estimate of $225.00, and a low estimate of $125.00. This current average has increased by 8.04% from the previous average price target of $169.82.
Diving into Analyst Ratings: An In-Depth Exploration
The perception of Snowflake by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brent Thill | Jefferies | Raises | Buy | $200.00 | $180.00 |
| Patrick Colville | Scotiabank | Raises | Sector Outperform | $220.00 | $170.00 |
| Raimo Lenschow | Barclays | Raises | Equal-Weight | $190.00 | $172.00 |
| Eric Heath | Keybanc | Raises | Overweight | $210.00 | $185.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $190.00 | $190.00 |
| Daniel Ives | Wedbush | Announces | Outperform | $190.00 | - |
| Tyler Radke | Citigroup | Raises | Buy | $225.00 | $183.00 |
| Ki Bin Kim | Truist Securities | Maintains | Buy | $210.00 | $210.00 |
| Daniel Ives | Wedbush | Raises | Neutral | $160.00 | $130.00 |
| Gregg Moskowitz | Mizuho | Raises | Outperform | $195.00 | $165.00 |
| J. Derrick Wood | TD Cowen | Raises | Buy | $190.00 | $180.00 |
| Brad Zelnick | Deutsche Bank | Raises | Buy | $190.00 | $180.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $188.00 | $175.00 |
| Bradley Sills | B of A Securities | Raises | Neutral | $185.00 | $160.00 |
| Raimo Lenschow | Barclays | Raises | Equal-Weight | $172.00 | $142.00 |
| Ittai Kidron | Oppenheimer | Maintains | Outperform | $180.00 | $180.00 |
| Brent Thill | Jefferies | Raises | Buy | $180.00 | $145.00 |
| Michael Turrin | Wells Fargo | Raises | Equal-Weight | $150.00 | $125.00 |
| Kirk Materne | Evercore ISI Group | Raises | Outperform | $190.00 | $170.00 |
| Eric Heath | Keybanc | Raises | Overweight | $185.00 | $150.00 |
| Blair Abernethy | Rosenblatt | Raises | Buy | $186.00 | $180.00 |
| Mike Cikos | Needham | Raises | Buy | $200.00 | $160.00 |
| Brent Bracelin | Piper Sandler | Raises | Overweight | $185.00 | $165.00 |
| Blair Abernethy | Rosenblatt | Maintains | Buy | $180.00 | $180.00 |
| Tyler Radke | Citigroup | Lowers | Buy | $183.00 | $200.00 |
| Eric Heath | Keybanc | Lowers | Overweight | $150.00 | $168.00 |
| Brian White | Monness, Crespi, Hardt | Announces | Buy | $140.00 | - |
| Gil Luria | DA Davidson | Maintains | Buy | $175.00 | $175.00 |
| Blair Abernethy | Rosenblatt | Maintains | Buy | $180.00 | $180.00 |
| Karl Keirstead | UBS | Lowers | Neutral | $125.00 | $155.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Snowflake. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging 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.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Snowflake's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Snowflake analyst ratings.
All You Need to Know About Snowflake
Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that went public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500. 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 buy and ingest data, while its data solutions can be hosted on various public clouds.
Understanding the Numbers: Snowflake's Finances
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Snowflake's revenue growth over a period of 3 months has been noteworthy. As of 31 October, 2024, the company achieved a revenue growth rate of approximately 28.32%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Snowflake's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -34.42%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Snowflake's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -9.19%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Snowflake's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -4.28%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Snowflake's debt-to-equity ratio is below the industry average. With a ratio of 0.89, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Significance of Analyst Ratings Explained
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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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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