Snowflake is a fundamentally strong company that could be an excellent long-term growth stock to own. Investors should celebrate the dip in shares and, frankly, root for more air to come out of the valuation.
Similarly, What is the prediction for Snowflake stock?
Stock Price Forecast
The 27 analysts offering 12-month price forecasts for Snowflake Inc. have a median target of 325.00, with a high estimate of 530.00 and a low estimate of 190.00. The median estimate represents a +51.64% increase from the last price of 214.32.
Is Snowflake A Buy Sell or Hold? Snowflake has received a consensus rating of Buy. The company’s average rating score is 2.56, and is based on 17 buy ratings, 8 hold ratings, and 2 sell ratings.
Thereof, Is Snowflake undervalued?
The bottom line is that Snowflake stock is overvalued – though if you have already bought shares, don’t be alarmed. The company is likely to catch up with its valuation in coming months, so there is no need to sell those shares.
Is snow a buy or sell?
Note; companies will typically sell for more than their book value in much the same way that a company will sell at a multiple of its earnings.
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Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
Is Snowflake a good long-term investment?
In total, Snowflake has 4,990 customers, with 116 of those bringing in 12-month product revenue of more than $1 million each. With a strong bull case, Snowflake is demonstrating its potential to grow as a company and present a great long-term investment.
Why is snowflake so popular?
Why Snowflake is special
It serves a wide range of technology areas, including data integration, business intelligence, advanced analytics, and security & governance. It provides support for programming languages like Go, Java, . NET, Python, C, Node.
Who owns snowflake stock?
Top 10 Owners of Snowflake Inc.
| Stockholder | Stake | Shares owned |
|---|---|---|
| Iconiq Capital LLC | 8.20% | 25,102,653 |
| Altimeter Capital Management LP | 5.55% | 17,001,796 |
| The Vanguard Group, Inc. | 4.95% | 15,147,939 |
| Morgan Stanley Investment Managem… | 4.59% | 14,066,364 |
Is snow a good stock?
In addition, SNOW stock holds an IBD Composite Rating of 31 out of a best possible 99, according to IBD Stock Checkup. IBD’s Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.
Where will Snowflake be in 5 years?
The sales number in five years would be about 760% (7.6 times) the present. The most optimistic view is that Snowflake retains its present 100% annual growth rate for a full five years. The five-year rate of sales growth would then be 3200% (32 times) the present.
Why is Snowflake so popular?
Why Snowflake is special
It serves a wide range of technology areas, including data integration, business intelligence, advanced analytics, and security & governance. It provides support for programming languages like Go, Java, . NET, Python, C, Node.
Who owns Snowflake stock?
Top 10 Owners of Snowflake Inc.
| Stockholder | Stake | Shares owned |
|---|---|---|
| Iconiq Capital LLC | 8.20% | 25,102,653 |
| Altimeter Capital Management LP | 5.55% | 17,001,796 |
| The Vanguard Group, Inc. | 4.95% | 15,147,939 |
| Morgan Stanley Investment Managem… | 4.59% | 14,066,364 |
Is Snowflake owned by Amazon?
It runs on Amazon S3 since 2014, on Microsoft Azure since 2018 and on the Google Cloud Platform since 2019. The company was ranked first on the Forbes Cloud 100 in 2019.
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Snowflake Inc.
| Type | Public company |
|---|---|
| Founded | July 23, 2012 |
| Founders | Benoit Dageville Thierry Cruanes Marcin Żukowski |
| Headquarters | Bozeman, Montana, U.S. |
What companies use snowflakes?
Companies Currently Using Snowflake Data Warehouse
| Company Name | Website | Phone |
|---|---|---|
| AT&T | att.com | (210) 821-4105 |
| Cisco | cisco.com | (408) 526-4000 |
| Doordash | doordash.com | (855) 973-1040 |
| Citi | citi.com | (800) 285-3000 |
Is Snowflake worth learning?
Summary. If you want an easier approach to data warehousing, without vendor lock-in, Snowflake may be your best bet. If you have extremely huge workloads, and/or need analytics functionality, however, you may want to go with Amazon, Google, or Microsoft.
Is Snowflake publicly traded?
On September 16, 2020, Snowflake became a public company via an initial public offering (IPO) raising $3.4 billion, the largest software IPO to date and the largest to double on its first day of trading.
Is Datadog publicly traded?
Datadog went public on the Nasdaq exchange on September 19, 2019, selling 24 million shares and raising $648 million.
Is Lululemon a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank.
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Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
What does the company Snowflake make?
The firm offers a cloud-based data storage and analytics service , generally termed « data warehouse-as-a-service ». It allows corporate users to store and analyze data using cloud-based hardware and software.
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Snowflake Inc.
| Type | Public company |
|---|---|
| Website | snowflake.com |
| Footnotes / references |
Is Apple a buy or sell?
The Apple stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock.
What is the future of Snowflake?
For the first quarter, Snowflake expects its product revenue to grow 79%-81% year over year. For fiscal 2023, it expects its product revenue to increase 65%-67%. Analysts expect its total revenue to increase 65% for the year, then grow another 57% in fiscal 2024.
Where will Snowflake stock be in 10 years?
Over the next 10 years, analysts expect SNOW to sustain rapid growth, averaging 38% compounded revenue growth until 2031. By then, analysts expect SNOW to be earning a 30% net income margin, which looks reasonable assuming gross margins continue to expand.
Why is Snowflake stock dropping today?
Shares of Snowflake ( SNOW 2.48% ) plunged on Thursday after the data analytics company’s revenue forecast fell short of investors’ lofty expectations. By the close of trading, Snowflake’s stock price was down 15.6%.
Does Snowflake pay a dividend?
Snowflake (NYSE: SNOW) does not pay a dividend.
Who are snowflakes clients?
Snowflake’s customer base also spans several sectors and boasts big names, including Office Depot, McKesson, Nielsen, DoorDash, Instacart, and Rent the Runway. Capital One is Snowflake’s biggest customer, accounting for 11% of Snowflake’s revenue in the past fiscal year.
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