NYSE:SNOW

Snowflake (SNOW) Stock Forecast, Price & News

$153.37

-1.65 (-1.06%)

(As of 08/11/2023 08:48 PM ET)

Compare

Today's Range: $151.37
▼
$155.43
50-Day Range: $153.24
▼
$190.96
52-Week Range: $119.27
▼
$205.66

Volume: 3.97 million shs
Average Volume: 5.86 million shs
Market Capitalization: $49.98 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $191.69

Snowflake MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.74 Rating Score
Upside/Downside: 25.0% Upside
$191.69 Price Target
Short Interest: Healthy
3.92% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.77
Upright™ Environmental Score
News Sentiment: 0.60
Based on 17 Articles This Week
Insider Trading: Selling Shares
$114.50 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($1.48) to ($0.98) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.57 out of 5 stars

Computer And Technology Sector

168th out of 607 stocks

Prepackaged Software Industry

47th out of 208 stocks

3.4

Analyst's Opinion

Consensus Rating
Snowflake has received a consensus rating of Moderate Buy. The company's average rating score is 2.74, and is based on 23 buy ratings, 8 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $191.69, Snowflake has a forecasted upside of 25.0% from its current price of $153.37.
Amount of Analyst Coverage
Snowflake has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
3.92% of the float of Snowflake has been sold short.
Short Interest Ratio / Days to Cover
Snowflake has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Snowflake has recently decreased by 1.71%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Snowflake does not currently pay a dividend.
Dividend Growth
Snowflake does not have a long track record of dividend growth.

3.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Snowflake has received a 51.21% net impact score from Upright. Snowflake seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is driven by its "Data warehouse software" and "Cloud data management consulting" products. See details.
Environmental Sustainability
The Environmental Impact score for Snowflake is -0.77.

3.1

News and Social Media Coverage

News Sentiment
Snowflake has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 17 news articles for Snowflake this week, compared to 14 articles on an average week.
Search Interest
114 people have searched for SNOW on MarketBeat in the last 30 days. This is an increase of 9% compared to the previous 30 days.
MarketBeat Follows
30 people have added Snowflake to their MarketBeat watchlist in the last 30 days. This is an increase of 7% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Snowflake insiders have sold 38,075.73% more of their company's stock than they have bought. Specifically, they have bought $299,918.00 in company stock and sold $114,495,874.00 in company stock.
Percentage Held by Insiders
Only 8.30% of the stock of Snowflake is held by insiders.
Percentage Held by Institutions
63.55% of the stock of Snowflake is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Snowflake are expected to grow in the coming year, from ($1.48) to ($0.98) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Snowflake is -57.44, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Snowflake is -57.44, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Snowflake has a P/B Ratio of 9.06. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Snowflake (NYSE:SNOW) Stock

Snowflake Inc. is a cloud-based data storage, computing and analytics company with no official headquarters. The company embraced a non-centralized business model in 2021 but the history is much deeper than that.

The company was founded in 2012 as Snowflake Computing, Inc by a trio of data storage experts who kept it in stealth mode for its 1st 2 years. Snowflake Computing Inc. brought its offerings to the public in 2014 revealing that it already had 80 clients using its services. Services include cloud-based software and hardware applications that are highly scalable and include 3rd-party support to aid businesses with today’s rapidly changing technological landscape.

The company saw rapid growth over the next several years and reached unicorn status in 2017/2018. The company sold itself on the public market in 2020 and caused quite a stir when it did. The company priced its original offering at $75 to $85 per share and wound up listing them at $125 for the IPO. The IPO was oversubscribed and drove the price up to $240 before even the first trade was made. That gave the company a valuation of nearly $3.4 billion making it one of the largest cloud IPOs in history. Snowflake Computing, Inc shortened its name to Snowflake, Inc upon completion of the IPO.

Today, Snowflake Inc operates a cloud-based data platform in the United States and does business internationally. The company's primary product is Data Cloud, a cloud-based suite of tools that allows clients to consolidate data into a single location and facilitates deeper analytical insight and information sharing.

The company believes that data should not be siloed or only available for limited use. On Snowflakes platform, data is governed, which allows users to access 2nd and 3rd party data to gain the deepest insights possible. The platform also operates on the idea of a Data Lake that can be accessed anywhere from anywhere. Among the many benefits of using Snowflake’s one-cloud platform are access, global connectivity, cross-cloud operability and creating new revenue streams for businesses. The platform can be fully automated as well so clients are able “to harness data, not manage it”.

The company initially used Amazon’s AWS cloud services but switched to Microsoft’s Azure and then Google’s cloud which it is currently operating on. This progression has helped it gain its own deep insights and facilitates its ability to provide the best-in-class cross-cloud services on the market.

Security is central to the platform’s success. Not only is data stored in a centralized location and governed in a tiered manner (which keeps each business's IP and most trusted secrets safe) but the platform’s utility allows for state-of-the-art threat detection and some of the quickest response times in the industry.

Snowflake brought in $1.22 billion in revenue for 2022 and employs about 4,000 across its operating footprint. The company counts more than 1300 client partners and has more than 250 PBs of data under storage. The company offers solutions in 6 categories: Advertising, Media & Entertainment; Financial; Retail & CPG; Healthcare & Lifesciences and Marketing Analytics.

SNOW Price History

30 days | 90 days | 365 days | Advanced Chart

SNOW Stock News Headlines

August 12, 2023 | marketbeat.com

MarketBeat Week in Review – 8/7 - 8/11 (SNOW)

The latest inflation readings failed to provide clarity for investors as stocks had a turbulent week and the MarketBeat team was covering the top stories

August 10, 2023 | marketbeat.com

3 Reasons To Love Snowflake 1 Reason to be Cautious (SNOW)

If you’re thinking about getting involved, here are three reasons supporting the bulls and one supporting the bears to be thinking about.

August 14, 2023 | Behind the Markets (Ad)

Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's

A small, publicly traded biotech is racing to the discovery of a lifetime: Using a Drug Smuggler to Fight Alzheimer's, Parkinson's and Dementia. This radical treatment is so promising, Biogen, Sanofi and Genentech paid $1 billion to license it. Click here to learn more >>>

August 11, 2023 | finance.yahoo.com

Will Snowflake Inc. (SNOW) Beat Estimates Again in Its Next Earnings Report?

August 10, 2023 | msn.com

3 Reasons To Love Snowflake 1 Reason to be Cautious

August 10, 2023 | finance.yahoo.com

Possible Bearish Signals With Snowflake Insiders Disposing Stock

August 10, 2023 | venturebeat.com

Metaplane Achieves Snowflake’s Technical Validation

August 9, 2023 | msn.com

Unusual Put Option Trade in Snowflake Inc - (SNOW) Worth $1,262.50K

August 14, 2023 | Chaikin Analytics (Ad)

Wall Street Legend: Buy this New Bull Market Stock

He called the 2020 crash, the 2022 bear market, the 2023 bank run, and today’s new bull market. Here’s his #1 stock to buy NOW.

August 9, 2023 | finance.yahoo.com

Semarchy xDI Achieves Snowflake Ready Technology Validation

August 9, 2023 | msn.com

Harry's Duck Race returns this year and promises to be a fun action-packed day

August 9, 2023 | finance.yahoo.com

Normalyze Launches Data Security Posture Management Platform on the Snowflake Data Cloud

August 9, 2023 | uk.movies.yahoo.com

'Inspirational' new Hastings coffee shop will help support homeless and vulnerable people

August 9, 2023 | news.yahoo.com

Rubrik acquires Laminar to expand in data security across public clouds

August 8, 2023 | benzinga.com

Snowflake Unusual Options Activity For August 07

August 6, 2023 | msn.com

August 6, 2023 | americanbankingnews.com

Analysts Set Snowflake Inc. (NYSE:SNOW) PT at $191.69

August 6, 2023 | americanbankingnews.com

Snowflake Inc. (NYSE:SNOW) CEO Sells $1,403,028.90 in Stock

August 5, 2023 | barrons.com

Amazon’s Big Quarter Drives Gains in Snowflake and Other Cloud Software Stocks

August 4, 2023 | msn.com

Datadog, Snowflake stocks rise after Amazon’s upbeat AWS commentary

August 3, 2023 | msn.com

Unusual Call Option Trade in Snowflake Inc - (SNOW) Worth $3,582.25K

August 3, 2023 | finance.yahoo.com

As SNOW Stock Tumbles, Could This Bearish Option Strategy Profit?

July 31, 2023 | finance.yahoo.com

Estimating The Fair Value Of Snowflake Inc. (NYSE:SNOW)

July 27, 2023 | seekingalpha.com

Snowflake: Why The Partnership With Microsoft Is A Game Changer

July 27, 2023 | seekingalpha.com

Snowflake: Unique Growth Prospects Justify Current Valuation

July 26, 2023 | finance.yahoo.com

ChainSys Corporation Achieves SELECT Partner Status with Snowflake

July 26, 2023 | marketwatch.com

Shares of Snowflake, Datadog decline as Microsoft’s cloud commentary fails to impress

See More Headlines

Receive SNOW Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Snowflake and its competitors with MarketBeat's FREE daily newsletter.

SNOW Company Calendar

Last Earnings: 5/24/2023
Today: 8/13/2023
Next Earnings (Confirmed): 8/23/2023
Fiscal Year End: 1/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:SNOW
CUSIP: N/A
CIK: 1640147
Web: www.snowflake.com
Phone: 844-766-9355
Fax: N/A
Employees: 5,884
Year Founded: 2012

Price Target and Rating

Average Stock Price Forecast: $191.69
High Stock Price Forecast: $242.00
Low Stock Price Forecast: $105.00
Forecasted Upside/Downside: +25.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.74
Research Coverage: 31 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.67)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-796,710,000.00
Net Margins: -37.78%
Pretax Margin: -37.77%
Return on Equity: -14.81%
Return on Assets: -10.89%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.42
Quick Ratio: 2.42

Sales & Book Value

Annual Sales: $2.07 billion
Price / Sales: 24.20
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $16.92 per share
Price / Book: 9.06

Miscellaneous

Outstanding Shares: 325,900,000
Free Float: 298,850,000
Market Cap: $49.98 billion
Optionable: Not Optionable
Beta: 0.75

Social Links

5G Stocks: The Path Forward is Profitable

Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report

Key Executives

Mr. Frank Slootman (Age 64)
Chairman & CEO
Comp: $887.48k

Dr. Benoit Dageville (Age 56)
Co-Founder, Pres of Product Division & Director
Comp: $454.17k

Mr. Michael P. Scarpelli (Age 56)
Chief Financial Officer
Comp: $710.13k

Mr. Christopher W. Degnan (Age 48)
Chief Revenue Officer
Comp: $710.13k

Mr. Thierry Cruanes
Co-Founder & CTO

Mr. Marcin Zukowski
Co-Founder and VP of Engineering

Mr. Sundeep Bedi (Age 49)
Chief Information & Data Officer

Mr. Jimmy Sexton
Head of Investor Relations

Mr. Derk Lupinek
Sec. & Gen. Counsel

Ms. Denise Axelsson-Persson (Age 49)
Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SNOW Stock - Frequently Asked Questions

Should I buy or sell Snowflake stock right now?: 31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last twelve months. There are currently 8 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SNOW shares.
View SNOW analyst ratings or view top-rated stocks.
What is Snowflake's stock price forecast for 2023?: 31 analysts have issued 1-year price objectives for Snowflake's shares. Their SNOW share price forecasts range from $105.00 to $242.00. On average, they predict the company's share price to reach $191.69 in the next year. This suggests a possible upside of 25.0% from the stock's current price.
View analysts price targets for SNOW or view top-rated stocks among Wall Street analysts.
How have SNOW shares performed in 2023?: Snowflake's stock was trading at $143.54 at the beginning of the year. Since then, SNOW stock has increased by 6.8% and is now trading at $153.37.
View the best growth stocks for 2023 here.
When is Snowflake's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 23rd 2023.
View our SNOW earnings forecast.
How can I listen to Snowflake's earnings call?: Snowflake will be holding an earnings conference call on Wednesday, August 23rd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were Snowflake's earnings last quarter?: Snowflake Inc. (NYSE:SNOW) released its quarterly earnings results on Wednesday, May, 24th. The company reported ($0.66) EPS for the quarter, missing analysts' consensus estimates of ($0.42) by $0.24. The business earned $623.60 million during the quarter, compared to analysts' expectations of $607.57 million. Snowflake had a negative trailing twelve-month return on equity of 14.81% and a negative net margin of 37.78%.
What ETFs hold Snowflake's stock?: ETFs with the largest weight of Snowflake (NYSE:SNOW) stock in their portfolio include Renaissance IPO ETF (IPO), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), Spear Alpha ETF (SPRX), TrueShares Technology, AI & Deep Learning ETF (LRNZ), AXS Esoterica NextG Economy ETF (WUGI), AXS Brendan Wood TopGun Index ETF (TGN), Direxion Daily Cloud Computing Bull 2x (CLDL) and ProShares Big Data Refiners ETF (DAT).
What other stocks do shareholders of Snowflake own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Snowflake investors own include NVIDIA (NVDA), Tesla (TSLA), Salesforce (CRM), CrowdStrike (CRWD), Boeing (BA), Shopify (SHOP), Zoom Video Communications (ZM), Fastly (FSLY), Alibaba Group (BABA) and ServiceNow (NOW).

When did Snowflake IPO?: (SNOW) raised $2.2 billion in an initial public offering on Wednesday, September 16th 2020. The company issued 28,000,000 shares at $75.00-$85.00 per share. Goldman Sachs, Morgan Stanley, J.P. Morgan, Allen & Company and Citigroup served as the underwriters for the IPO and Credit Suisse, Barclays, Deutsche Bank Securities, Mizuho Securities, Truist, BTIG, Canaccord Genuity, Capital One Securities, Cowen, D.A. Davidson, JMP Securities, Oppenheimer, Piper Sandler, Stifel, Academy Securities, Loop Capital Markets, Ramirez and Siebert Williams Shank were co-managers.
What is Snowflake's stock symbol?: Snowflake trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNOW."
Who are Snowflake's major shareholders?: Snowflake's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.32%), Capital Research Global Investors (3.14%), Jennison Associates LLC (2.27%), Bank Julius Baer & Co. Ltd Zurich (1.37%), Baillie Gifford & Co. (1.36%) and ICONIQ Capital LLC (1.07%). Insiders that own company stock include Benoit Dageville, Brad Gerstner, Carl M Eschenbach, Christian Kleinerman, Christopher William Degnan, Frank Slootman, Jeffrey E Eberwein, Jeremy Burton, John Dennis Mcmahon, Mark D Mclaughlin, Mark Garrett, Michael L Speiser, Michael L Speiser, Michael Scarpelli and Teresa Briggs.
View institutional ownership trends.
How do I buy shares of Snowflake?: Shares of SNOW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Snowflake's stock price today?: One share of SNOW stock can currently be purchased for approximately $153.37.
How much money does Snowflake make?: Snowflake (NYSE:SNOW) has a market capitalization of $49.98 billion and generates $2.07 billion in revenue each year. The company earns $-796,710,000.00 in net income (profit) each year or ($2.67) on an earnings per share basis.
How many employees does Snowflake have?: The company employs 5,884 workers across the globe.
Does Snowflake have any subsidiaries?: The following companies are subsidiares of Snowflake: SNFL Cloudtech India Private Limited, SNFL Technologies AB, Snowflake Computing Canada Inc., Snowflake Computing France SAS, Snowflake Computing GmbH, Snowflake Computing India LLP, Snowflake Computing Netherlands B.V., Snowflake Computing Pty Ltd., Snowflake Computing Singapore Pte. Ltd., Snowflake Computing Spain S.L., Snowflake Computing Switzerland GmbH, Snowflake Computing U.K. Limited, Snowflake Holdings LLC, and Snowflake K.K..
Read More
How can I contact Snowflake?: Snowflake's mailing address is 450 CONCAR DRIVE, SAN MATEO CA, 94402. The official website for the company is www.snowflake.com. The company can be reached via phone at 844-766-9355 or via email at ir@snowflake.com.

This page (NYSE:SNOW) was last updated on 8/14/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial