Loading... Loading... During the last three months, 31 analysts shared their evaluations of Snowflake
SNOW , revealing diverse outlooks from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 12 10 8 0 1 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 1 2M Ago 9 8 7 0 0 3M Ago 2 2 1 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $217.68, a high estimate of $290.00, and a low estimate of $125.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 4.24%. Analyzing Analyst Ratings: A Detailed Breakdown 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 Blair Abernethy Rosenblatt Announces Buy $185.00 - Alex Haissl Redburn Atlantic Announces Sell $125.00 - 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 - 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: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Snowflake compared to the broader market. Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Snowflake's future value. Comparing current and prior targets offers insights into analysts' evolving expectations. 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. Loading... Loading... 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. Financial Insights: Snowflake Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence. Revenue Growth: Snowflake displayed positive results in 3 months. As of 31 January, 2024, the company achieved a solid revenue growth rate of approximately 31.53% . This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector. Net Margin: Snowflake's net margin is below industry averages, indicating potential 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): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of -3.35%, the company showcases effective utilization of equity capital. Return on Assets (ROA): Snowflake's ROA excels beyond industry benchmarks, reaching -2.19% . This signifies efficient management of assets and strong financial health. Debt Management: Snowflake's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.06 . Understanding the Relevance of Analyst Ratings Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks. 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. Loading... Loading...