Why is snowflake so popular?

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.

Similarly, What is the target price for snow?

Stock Price Target SNOW

High $ 530.00
Median $ 313.00
Low $ 190.00
Average $ 316.67
Current Price $ 198.63

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.

Snowflake Inc.

Type Public company
Founded July 23, 2012
Founders Benoit Dageville Thierry Cruanes Marcin Żukowski
Headquarters Bozeman, Montana, U.S.

Thereof, 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

How does Snowflake make money?

Snowflake’s Total Revenue, which includes its revenue from Professional Services grew from $97 million in FY’19 to about $265 in FY’20 and we expect it to grow 110% to about $557 million in FY’21. Now Snowflake is not only adding new customers at a rapid clip, but it is also better at monetizing its existing users.

What is a fair price for snow Stock?

The average price target is $318.52 with a high forecast of $415.00 and a low forecast of $190.00.

What is the target price for Amazon stock?

Stock Price Target AMZN

High $ 5,000.00
Median $ 4,100.00
Low $ 2,800.00
Average $ 4,107.47
Current Price $ 3,110.82

What is Nvda target price?

The shares of NVIDIA Corporation (NASDAQ: NVDA) have received a $280 price target from New Street.

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.

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

Who is the competitor of Snowflake?

Google. Google is a technology and search engine powerhouse. The company provides flexible solutions that rival Snowflake’s offering. With Google BigQuery, users can analyze big data in the cloud and run SQL-like queries against multi-terabyte datasets in seconds.

Who is Snowflake customers?

Leading cloud computing giants like Microsoft (MSFT), Amazon (AMZN), and Alphabet’s Google (GOOGL) today allow their customers to use Snowflake (SNOW) software. About two-fifths of Fortune 500 companies use Snowflake software today.

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.

How is Snowflake market?

Snowflake estimates its total current addressable market at about $81 billion, over 70x its projected FY’22 revenue. Snowflake’s business model is also consumption-based, rather than being fixed fee, unlike many other SaaS names, giving the company’s a lot of upside as data and query volumes rise for customers.

Is Snowflake losing money?

Snowflake SNOW, +1.16% reported fourth-quarter losses of $132.2 million, or 43 cents a share, on sales of $383.8 million, after losing 70 cents a share on revenue of $190 million a year ago.

Who funded Snowflake?

– February 10, 2020 – Snowflake, the cloud data platform, today announced $479 million in additional growth funding co-led by new investors, Dragoneer Investment Group and Salesforce Ventures.

Does Snow stock pay dividend?

Snowflake (NYSE: SNOW) does not pay a dividend.

What ETF is snow in?

ETF.com Insight

The largest ETF holder of SNOW is the Vanguard Total Stock Market ETF (VTI), with approximately 1.71M shares. Investors may also find of interest that the ETF with the largest allocation to SNOW stock is Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), with a portfolio weight of 6.92%.

Who is Snowflake company?

Snowflake Inc. is a cloud computing–based data warehousing company based in Bozeman, Montana. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. The firm offers a cloud-based data storage and analytics service, generally termed « data warehouse-as-a-service ».

What is the best stock to buy right now?

Top 10 Stocks To Buy Right Now

  • Palo Alto Networks, Inc. (NASDAQ: PANW)
  • Shopify Inc. (NYSE: SHOP)
  • PayPal Holdings, Inc. (NASDAQ: PYPL)
  • Netflix, Inc. (NASDAQ: NFLX)
  • Upstart Holdings, Inc. (NASDAQ: UPST)
  • CrowdStrike Holdings, Inc. (NASDAQ: CRWD)
  • Airbnb, Inc. (NASDAQ: ABNB)
  • Roku, Inc. (NASDAQ: ROKU)

What is Tesla stock prediction?

Stock Price Forecast

The 35 analysts offering 12-month price forecasts for Tesla Inc have a median target of 1,100.00, with a high estimate of 1,580.00 and a low estimate of 67.00. The median estimate represents a +11.68% increase from the last price of 984.98.

How much will Amazon stock be worth in 10 years?

According to Coin Price Forecast, Amazon was predicted to rise over the next eight years. The data provider forecast that the average Amazon share price could rise to $3,283 by the end of 2022, $3,481 in 2023, $3,875 in 2024, $4,298 in 2025, $5,154 in 2026, $5,994 in 2027, $6,440 in 2028 and $6,717 in 2029.

Join TheMoney.co community and don’t forget to share this post !

Zeen is a next generation WordPress theme. It’s powerful, beautifully designed and comes with everything you need to engage your visitors and increase conversions.