A Glimpse Into The Expert Outlook On Snowflake Through 32 Analysts

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Ratings for Snowflake SNOW were provided by 32 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.

Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 10 15 7 0 0
Last 30D 0 1 0 0 0
1M Ago 9 11 6 0 0
2M Ago 0 2 1 0 0
3M Ago 1 1 0 0 0

The 12-month price targets, analyzed by analysts, offer insights with an average target of $205.47, a high estimate of $240.00, and a low estimate of $180.00. This current average represents a 3.23% decrease from the previous average price target of $212.33.

Investigating Analyst Ratings: An Elaborate Study

The perception of Snowflake by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Michael Turrin Wells Fargo Lowers Overweight $200.00 $225.00
Bradley Sills B of A Securities Maintains Neutral $200.00 $200.00
Blair Abernethy Rosenblatt Maintains Buy $195.00 $195.00
Matthew Hedberg RBC Capital Lowers Outperform $183.00 $226.00
Brent Bracelin Piper Sandler Maintains Overweight $240.00 $240.00
Taz Koujalgi Wedbush Maintains Neutral $210.00 $210.00
Gregg Moskowitz Mizuho Lowers Buy $180.00 $205.00
Mike Cikos Needham Maintains Buy $210.00 $210.00
Joe Goodwin JMP Securities Maintains Market Outperform $235.00 $235.00
Mike Cikos Needham Maintains Buy $210.00 $210.00
Frederick Havemeyer Macquarie Lowers Outperform $200.00 $205.00
David Hynes Canaccord Genuity Lowers Buy $215.00 $230.00
Patrick Colville Scotiabank Lowers Sector Outperform $195.00 $207.00
William Power Baird Lowers Outperform $200.00 $210.00
Mark Moerdler Bernstein Raises Market Perform $185.00 $171.00
Mark Schappel Loop Capital Lowers Buy $225.00 $235.00
Raimo Lenschow Barclays Raises Equal-Weight $191.00 $188.00
Matthew Hedberg RBC Capital Raises Outperform $226.00 $220.00
Karl Keirstead UBS Raises Neutral $190.00 $185.00
Brad Reback Stifel Lowers Buy $200.00 $220.00
Ittai Kidron Oppenheimer Maintains Outperform $220.00 $220.00
Mark Murphy JP Morgan Raises Overweight $185.00 $170.00
Blair Abernethy Rosenblatt Raises Buy $195.00 $185.00
Eric Heath Keybanc Raises Overweight $200.00 $185.00
Mike Cikos Needham Lowers Buy $210.00 $240.00
Brent Bracelin Piper Sandler Maintains Overweight $240.00 $240.00
Taz Koujalgi Wedbush Maintains Neutral $210.00 $210.00
Matthew Hedberg RBC Capital Lowers Outperform $220.00 $246.00
Joe Goodwin JMP Securities Maintains Market Outperform $235.00 $235.00
Bradley Sills B of A Securities Lowers Neutral $200.00 $212.00
Eric Heath Keybanc Announces Overweight $185.00 -
Blair Abernethy Rosenblatt Announces Buy $185.00 -

Key Insights:

  • Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Snowflake. This insight gives a snapshot of 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 provide insights into price targets, offering estimates for the future value of Snowflake's stock. This comparison reveals trends in analysts' expectations over time.

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.

Discovering Snowflake: A Closer Look

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.

Unraveling the Financial Story of 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.

Positive Revenue Trend: Examining Snowflake's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 32.89% as of 30 April, 2024, showcasing a substantial increase in 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: Snowflake's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -38.25%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Snowflake's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -6.51%, the company may face hurdles in achieving optimal financial performance.

Return on Assets (ROA): Snowflake's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -4.08%, the company may face hurdles in achieving optimal financial performance.

Debt Management: Snowflake's debt-to-equity ratio is below the industry average. With a ratio of 0.06, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

Analyst Ratings: Simplified

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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