Snowflake SNOW underwent analysis by 25 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 14 | 3 | 0 | 1 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 2 | 1 | 0 | 0 |
| 2M Ago | 2 | 2 | 1 | 0 | 1 |
| 3M Ago | 4 | 10 | 1 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $216.8, with a high estimate of $250.00 and a low estimate of $160.00. Witnessing a positive shift, the current average has risen by 8.85% from the previous average price target of $199.17.
Understanding Analyst Ratings: A Comprehensive Breakdown
The standing of Snowflake among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| Ki Bin Kim | Truist Securities | Raises | Buy | $250.00 | $230.00 |
| Stephen Bersey | HSBC | Announces | Hold | $214.00 | - |
| Simon Leopold | Raymond James | Raises | Outperform | $223.00 | $190.00 |
| Joe Goodwin | JMP Securities | Maintains | Market Outperform | $212.00 | - |
| Ki Bin Kim | Truist Securities | Raises | Buy | $230.00 | $210.00 |
| Raimo Lenschow | Barclays | Announces | Equal-Weight | $198.00 | - |
| Mike Cikos | Needham | Maintains | Buy | $225.00 | - |
| Matthew Hedberg | RBC Capital | Announces | Outperform | $230.00 | - |
| Brian White | Monness, Crespi, Hardt | Announces | Sell | $160.00 | - |
| Brent Bracelin | Piper Sandler | Raises | Overweight | $250.00 | $220.00 |
| J. Derrick Wood | TD Cowen | Raises | Outperform | $230.00 | $215.00 |
| Blair Abernethy | Rosenblatt | Raises | Neutral | $190.00 | $170.00 |
| Patrick Colville | Scotiabank | Raises | Sector Outperform | $226.00 | $194.00 |
| Simon Leopold | Raymond James | Raises | Outperform | $190.00 | $170.00 |
| Brad Reback | Stifel | Raises | Buy | $235.00 | $200.00 |
| Joel Fishbein | Truist Securities | Raises | Buy | $210.00 | $200.00 |
| Joe Goodwin | JMP Securities | Raises | Market Outperform | $212.00 | $200.00 |
| Gregg Moskowitz | Mizuho | Raises | Buy | $210.00 | $180.00 |
| Ittai Kidron | Oppenheimer | Raises | Outperform | $240.00 | $220.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $210.00 | $190.00 |
| Mark Murphy | JP Morgan | Raises | Overweight | $200.00 | $170.00 |
| Keith Weiss | Morgan Stanley | Raises | Overweight | $230.00 | $215.00 |
| Mike Cikos | Needham | Raises | Buy | $225.00 | $216.00 |
| Brent Bracelin | Piper Sandler | Raises | Overweight | $220.00 | $195.00 |
| Joe Goodwin | JMP Securities | Maintains | Market Outperform | $200.00 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Snowflake. This offers insight into analysts' perspectives on 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 navigate through adjustments in price targets, providing estimates for Snowflake's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Snowflake's market standing. Stay informed and make well-considered decisions with 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 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.
Financial Insights: Snowflake
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Snowflake's revenue growth over a period of 3 months has been noteworthy. As of 31 October, 2023, the company achieved a revenue growth rate of approximately 31.8%. 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: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -29.18%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Snowflake's ROE excels beyond industry benchmarks, reaching -4.19%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Snowflake's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -2.9%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Snowflake's debt-to-equity ratio is below the industry average at 0.06, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Core of Analyst Ratings: What Every Investor Should Know
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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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