Recently, Zacks.com users have been paying close attention to Snowflake (SNOW). This makes it worthwhile to examine what the stock has in store.
SNOW's AI momentum is notable, but GOOGL's cloud growth, backlog strength, and stock performance give it the edge now.
Snowflake Inc. (SNOW) is finally upgraded to a Speculative Buy after entering a bear market, with its consumption-based model outperforming traditional SaaS peers. SNOW's AI-ready data platform, robust product revenue growth (+30% YoY), and stable 125% net revenue retention underpin its investment thesis. Multi-cloud capabilities and curated AI tools like Cortex enhance migration, data access, and support continued consumption growth momentum.
| Software Industry | Information Technology Sector | Sridhar Ramaswamy CEO | XHAN Exchange | US8334451098 ISIN |
| US Country | 7,834 Employees | - Last Dividend | - Last Split | 16 Sep 2020 IPO Date |
Snowflake Inc. specializes in providing a cloud-based data platform that caters to a variety of organizations both in the United States and internationally. Initially established as Snowflake Computing, Inc., the company underwent a name change to Snowflake Inc. in April 2019, signifying a broader focus and growth in its capabilities. Since its founding in 2012, Snowflake has set up its base in Bozeman, Montana, and has embarked on a mission to revolutionize the way businesses harness the power of their data. The core of Snowflake's offerings lies in its Data Cloud, a platform designed to enable the consolidation of data into a single source of truth. This approach not only facilitates profound business insights but also supports the development of data-driven applications and the sharing of data and data products across various entities.
Snowflake Inc.’s services center around its innovative Data Cloud platform, through which it offers several key solutions: