Snowflake Inc. (SNOW)
Snowflake Declines 18% in a Year: Buy, Sell or Hold the Stock?
SNOW is benefiting from expanding capabilities and strong AI partnerships amid intense competition and a stretched valuation.
Jefferies says gap between Databricks and Snowflake is narrowing
Jefferies believes the the gap between Databricks and Snowflake is narrowing. Databricks announced over 60% year-over-year growth in Q3 versus Snowflake's 28% and an over $3B fiscal 2025 exit run rate versus Snowflake's $3.8B, the analyst tells investors in a research note. The firm believes investor concerns on Snowflake's competitive positioning have created an attractive risk/reward in the stock, with potential upside to estimates on "tempered expectations." Jefferies sees Databricks' momentum as positive for Snowflake. It keeps a Buy rating on the shares with a $200 price target.
Snowflake AI Revolution Gains Traction, Stock Forms Golden Cross
Snowflake Inc. SNOW is turning heads in the market with its recently formed a Golden Cross — a bullish technical pattern where the 50-day moving average crosses above the 200-day moving average.
Why Snowflake's Future Looks Brighter Than Ever
Snowflake achieved 29% YoY product revenue growth in Q3 FY2025, raising FY2025 guidance to $3.43 billion. New product launches like Cortex and Snowpark, combined with engineering upgrades, drove adoption and $200M in incremental revenue. Added 18 Global 2000 clients in Q3, with RPO reaching $5.7 billion, up 55% YoY.
Best Artificial Intelligence (AI) Stock: Nvidia Stock vs. Snowflake Stock
Nvidia (NVDA -1.41%) and Snowflake (SNOW -1.14%) are benefiting from the increasing demand for artificial intelligence.
Snowflake Inc. (SNOW) Is a Trending Stock: Facts to Know Before Betting on It
Zacks.com users have recently been watching Snowflake (SNOW) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Snowflake: Valuations Buoyed By Momentum, Not Fundamentals - Downgrade To Sell
SNOW has proven that the market's fears surrounding the tiered storage pricing and the open-source Iceberg Table formats have been overly done. The new management continues to deliver excellence with growing product revenues and multi-year RPOs, exemplifying their ability to grow adoptions while cross selling to its existing consumer base. Even so, we are uncertain if SNOW's renewed growth cadence deserves the eye-watering FWD P/E non-GAAP valuations of 246.39x, compared to the sector median of 25.80x.
Snowflake Beat Expectations in Q3, but This Is Why I'd Still Avoid the Stock
Snowflake (SNOW -1.85%) stock is showing signs of life after releasing some encouraging quarterly results last month. It's been a tough year for the data storage company, whose CEO retired unexpectedly in February, leading to a stock sell-off.
Here's Why Snowflake Stock Soared 52% Last Month
Shares of data company Snowflake (SNOW 6.01%) soared 52.2% during November, according to data provided by S&P Global Market Intelligence. The stock was already up about 15% in the first half of the month.
Snowflake Inc. (SNOW) CEO Sridhar Ramaswamy presents at UBS Global Technology and AI Conference (Transcript)
Snowflake Inc. (NYSE:SNOW ) UBS Global Technology and AI Conference December 3, 2024 4:55 PM ET Company Participants Sridhar Ramaswamy - CEO Conference Call Participants Karl Keirstead - UBS Karl Keirstead Okay, well let's get started. Nice little crowd, Sridhar.
Is Snowflake a Buy After Its Stock Soared 30%?
Snowflake (SNOW 0.63%) isn't having the best of years. The stock is down 11% in 2024, by far underperforming major indices.
Is Snowflake Stock a Buy Now?
Shares of Snowflake (SNOW 0.63%) have been in the doghouse for the majority of 2024 as concerns regarding the data cloud platform provider's slowing growth and expensive valuation have weighed on the stock, but its latest quarterly results have infused new life into this beaten-down technology company.
