Across the recent three months, 32 analysts have shared their insights on Snowflake SNOW, expressing a variety of opinions spanning 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 | 11 | 12 | 8 | 0 | 1 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 9 | 8 | 7 | 0 | 0 |
| 2M Ago | 1 | 2 | 0 | 0 | 0 |
| 3M Ago | 1 | 2 | 1 | 0 | 1 |
Analysts have recently evaluated Snowflake and provided 12-month price targets. The average target is $221.19, accompanied by a high estimate of $290.00 and a low estimate of $160.00. Observing a downward trend, the current average is 2.58% lower than the prior average price target of $227.04.
Exploring Analyst Ratings: An In-Depth Overview
The standing of Snowflake among financial experts becomes clear with a thorough analysis 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 |
|---|---|---|---|---|---|
| Tyler Radke | Citigroup | Lowers | Buy | $240.00 | $290.00 |
| Raimo Lenschow | Barclays | Lowers | Equal-Weight | $188.00 | $198.00 |
| Blair Abernethy | Rosenblatt | Lowers | Neutral | $185.00 | $190.00 |
| Joe Goodwin | JMP Securities | Raises | Market Outperform | $235.00 | $212.00 |
| Kirk Materne | Evercore ISI Group | Lowers | Outperform | $225.00 | $250.00 |
| Brad Reback | Stifel | Lowers | Buy | $220.00 | $235.00 |
| Matthew Hedberg | RBC Capital | Lowers | Outperform | $246.00 | $255.00 |
| Mark Murphy | JP Morgan | Lowers | Overweight | $170.00 | $200.00 |
| Ittai Kidron | Oppenheimer | Lowers | Outperform | $220.00 | $240.00 |
| Frederick Havemeyer | Macquarie | Raises | Outperform | $205.00 | $182.00 |
| Kingsley Crane | Canaccord Genuity | Maintains | Buy | $230.00 | - |
| Bradley Sills | B of A Securities | Lowers | Neutral | $212.00 | $265.00 |
| Gregg Moskowitz | Mizuho | Lowers | Buy | $205.00 | $255.00 |
| Ki Bin Kim | Truist Securities | Lowers | Buy | $210.00 | $250.00 |
| Mike Cikos | Needham | Lowers | Buy | $240.00 | $265.00 |
| Keith Weiss | Morgan Stanley | Lowers | Equal-Weight | $175.00 | $230.00 |
| Brent Bracelin | Piper Sandler | Lowers | Overweight | $240.00 | $250.00 |
| Taz Koujalgi | Wedbush | Raises | Neutral | $210.00 | $144.00 |
| Brent Bracelin | Piper Sandler | Maintains | Overweight | $250.00 | $250.00 |
| Tyler Radke | Citigroup | Raises | Buy | $290.00 | $255.00 |
| Karl Keirstead | UBS | Raises | Neutral | $225.00 | $185.00 |
| Mike Cikos | Needham | Raises | Buy | $265.00 | $225.00 |
| 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 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Snowflake. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Snowflake compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Snowflake's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into Snowflake's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using 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.
Snowflake: Delving into Financials
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Positive Revenue Trend: Examining Snowflake's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 5.52% as of 31 January, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Snowflake's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -21.86%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Snowflake's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of -3.35%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Snowflake's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -2.19%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Snowflake's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.06.
What Are Analyst Ratings?
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.
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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