Snowflake Inc. (SNOW:NYE) Analysts rate with a Strong Buy
Analysts rate Snowflake Inc. stock with a consensus Strong Buy rating with a 12-month average target price of $342.04 per share
Based on the Snowflake Inc. stock forecasts from 24 analysts, the average analyst target price for Snowflake Inc. is USD 342.04 over the next 12 months. Snowflake Inc.’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Snowflake Inc. is Slightly Bearish, which is based on 3 positive signals and 5 negative signals. At the last closing, Snowflake Inc.’s stock price was USD 146.82. Snowflake Inc.’s stock price has changed by +13.94% over the past week, -45.57% over the past month and -36.32% over the last year.
In the United States and globally, Snowflake Inc. offers a cloud-based data platform. Customers can combine data into a single source of truth to produce valuable business insights, construct data-driven apps, and exchange data using the company’s platform, Data Cloud. Its platform is used by businesses of all sizes in a variety of industries. Snowflake Computing, Inc. was the previous name of the company, which was changed to Snowflake Inc. in April 2019. Snowflake Inc. is situated in Bozeman, Montana, and was founded in 2012.
Recent Analyst Ratings:
| Target Price Action | Rating Action | Analyst | Rating | Price | Date |
|---|---|---|---|---|---|
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Maintains | Barclays |
USD 313 » USD 218
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2022-05-20 | |
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Maintains | Morgan Stanley |
USD 355 » USD 322
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2022-05-19 | |
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Target Lowered by | Mizuho Securities |
USD 370 » USD 225
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2022-05-18 | |
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Target Lowered by | Truist Securities |
USD 350 » USD 300
|
2022-05-10 | |
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Target Down | STA Research |
USD 260
|
2022-04-25 | |
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Initiated by | Wolfe Research |
USD 250
|
2022-04-25 | |
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Target Lowered by | Goldman Sachs |
USD 335 » USD 289
|
2022-04-14 | |
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Initiated by | Sumitomo Mitsui Financial Group |
USD 253
|
2022-04-01 |
What we like:
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Low volatility
The stock’s annual returns have been stable and consistent compared to its sector peers (for a hold period of at least 12 months) and are in the top quartile. Although stability is good, also keep in mind it can limit returns.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
What we don’t like:
Poor risk-adjusted returns
This company is delivering below median risk-adjusted returns to its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.
Below median dividend returns
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
Overpriced compared to book value
The stock is trading high compared to its peers’ median on a price to book value basis.
Overpriced on a cash flow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering buying.
Low Earnings Growth
This stock has shown below median earnings growth in the previous 5 years compared to its sector.
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