Snowflake
SNOW

$129

0.46%

Market Cap: 43.2B

About: 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.

Employees: 7,004

Information Technology Prepackaged Software

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 62 analysts

0

News positive %

of 51 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

65% more repeat investments, than reductions

Existing positions increased: 473 | Existing positions reduced: 286

2% less funds holding

Funds holding: 1,072 [Q4 2023] → 1,049 (-23) [Q1 2024]

12% less first-time investments, than exits

New positions opened: 171 | Existing positions closed: 194

12% less call options, than puts

Call options by funds: $2.6B | Put options by funds: $2.96B

24% less capital invested

Capital invested by funds: $42.6B [Q4 2023] → $32.3B (-$10.3B) [Q1 2024]

34.82% less ownership

Funds ownership: 538.99% [Q4 2023] → 504.16% (-34.82%) [Q1 2024]

45% less funds holding in top 10

Funds holding in top 10: 60 [Q4 2023] → 33 (-27) [Q1 2024]

See Fund Rankings

Research analyst outlook

62 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$125

3%

downside

Avg. target

$211

64%

upside

High target

$290

125%

upside

62 analyst ratings

47 positive

76%

14 neutral

23%

1 negative

2%

Piper Sandler Brent Bracelin	28%upside $165	Overweight Maintained	12 Jul 2024
Needham Mike Cikos	63%upside $210	Buy Reiterated	8 Jul 2024
Goldman Sachs Kash Rangan	71%upside $220	Buy Maintained	1 Jul 2024
Wells Fargo Michael Turrin	55%upside $200	Overweight Maintained	21 Jun 2024
B of A Securities Bradley Sills	55%upside $200	Neutral Reiterated	12 Jun 2024

See Analyst Rankings

Financial journalist opinion

Based on 51 articles about SNOW published over the past 30 days

Zacks Investment Research

Snowflake Inc. (SNOW) Is a Trending Stock: Facts to Know Before Betting on It

Snowflake (SNOW) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Snowflake Inc. (SNOW) Is a Trending Stock: Facts to Know Before Betting on It

3 Stocks to Sell BEFORE the Next Market Collapse

With economic uncertainties and fluctuating market conditions and stocks to sell Thus, one must be vigilant about protecting portfolios from potential downturns. Here, the focus is on three high-risk stocks, making them prime candidates for selling before the next market collapse.

3 Stocks to Sell BEFORE the Next Market Collapse

7 Bargain Stocks That Can Return 50% in a Year

Investors are always on the lookout for stocks at bargain prices. The thrill of identifying an undervalued asset, purchasing and watching it appreciate in value is as applicable to the stock market as any other market.

7 Bargain Stocks That Can Return 50% in a Year

Zacks Investment Research

Snowflake Inc. (SNOW) Rises As Market Takes a Dip: Key Facts

The latest trading day saw Snowflake Inc. (SNOW) settling at $132.60, representing a +1.11% change from its previous close.

Snowflake Inc. (SNOW) Rises As Market Takes a Dip: Key Facts

Snowflake Teams Up with Meta to Host and Optimize New Flagship Model Family in Snowflake Cortex AI

No-Headquarters/BOZEMAN, Mont.--(BUSINESS WIRE)-- #TheDataCloud--Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced that it will host the Llama 3.1 collection of multilingual open source large language models (LLMs) in Snowflake Cortex AI for enterprises to easily harness and build powerful AI applications at scale. This offering includes Meta's largest and most powerful open source LLM, Llama 3.1 405B, with Snowflake developing and open sourcing the inference system stack to enable real-time,.

Snowflake Teams Up with Meta to Host and Optimize New Flagship Model Family in Snowflake Cortex AI

GoNetspeed Brings Town of Grandby 100% Fiber Internet through Upgraded Technology

GRANDBY, Mass.--(BUSINESS WIRE)--GoNetspeed today announced that the Town of Grandby will soon experience upgraded technology as GoNetspeed upgrades their infrastructure to 100% fiber internet. As GoNetspeed works to install the updated infrastructure, customers in initial construction areas may now experience the future-proof, high-speed network. GoNetspeed's fully-funded $2.4 million investment will connect more than 2,200 homes and businesses throughout Grandby to high-speed 100% fiber inter.

GoNetspeed Brings Town of Grandby 100% Fiber Internet through Upgraded Technology

Get Your Money Out of These 3 Cloud Computing Stocks Before the End of July

In the dynamic world of cloud computing, shifts in market dynamics can happen faster than a flash of lightning. Despite the sector's explosive growth over recent years, not all cloud companies are primed to keep soaring.

Get Your Money Out of These 3 Cloud Computing Stocks Before the End of July

Goldman Sachs Says Buy These 3 Stocks for Double-Digit Returns

More than halfway through the year and the stock market is not done setting new all-time highs. With inflation ticking lower for the first time in four years possibly paving the way for interest rate cuts to arrive sooner than expected, investors are bidding up shares.

Goldman Sachs Says Buy These 3 Stocks for Double-Digit Returns

The Motley Fool

3 No-Brainer Artificial Intelligence (AI) Stocks to Buy With $200 Right Now

Spending on generative AI will increase 20x over the next decade, creating tons of opportunities. Companies with sticky products and competitive advantages should be long-term winners.

3 No-Brainer Artificial Intelligence (AI) Stocks to Buy With $200 Right Now

The Motley Fool

1 No-Brainer AI-Powered Stock Down Over 40% to Buy and Hold For 10 Years

Although Snowflake's revenue growth and net retention rate have moderated, this is an expected trend for a company with an expanding revenue base. The company's Cortex AI is seeing robust demand from clients needing AI-enhanced data solutions.

1 No-Brainer AI-Powered Stock Down Over 40% to Buy and Hold For 10 Years

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