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 (SNOW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the closing of the recent trading day, Snowflake Inc. (SNOW) stood at $125.46, denoting a +1.59% change from the preceding trading day.
Snowflake earns a spot on D.A. Davidson's 'Best in Breed' list, with Stephanie Link in the mix!
On November 6th, Snowflake Inc. (NYSE: SNOW) saw its stock climb by about 4% after Monness Crespi Hardt upgraded the stock to a “Buy” with a price target of $140. The Monness analysts highlighted Snowflake's significant valuation discount following a 41% year-to-date decline and a 73% drop from its 2020 peak.
Snowflake is scheduled to report third-quarter earnings on Nov. 20.
I initiate Snowflake (SNOW) coverage with a Strong Buy rating due to its strong revenue growth potential and compelling value proposition despite recent share price plunge. Snowflake's unique consumption-based business model, cloud-based platform, and strong R&D focus position it well to capture AI and ML tailwinds. Key metrics like a 127% net revenue retention rate and $5.2 billion in remaining performance obligations indicate high customer satisfaction and strong revenue growth potential.
SoundHound and Snowflake are cheap stocks in their respective industries.
In the latest trading session, Snowflake Inc. (SNOW) closed at $113.74, marking a -1.52% move from the previous day.
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.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Data is the foundation on which artificial intelligence is built, which could be a tailwind for Snowflake stock investors.