Form 8-K Snowflake Inc. For: Aug 21
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Loop Capital Reiterates Buy Rating on Snowflake Inc. (SNOW)
August 22, 2024 8:53 AM EDTLoop Capital analyst Mark Schappel reiterated a Buy rating and $185.00 price target on Snowflake Inc. (NYSE: SNOW).
The analyst comments "Snowflake's July quarter print was fine, but not great a 2.6% product revenue beat was a tad below the expected 3-5% upside, and the product revenue guide, while up and above the consensus, came in below what many investors expected. Thus, the stock was down 8%... More
Snowflake Inc. (SNOW) PT Lowered to $180 at Rosenblatt
August 22, 2024 6:57 AM EDTRosenblatt analyst Blair Abernethy lowered the price target on Snowflake Inc. (NYSE: SNOW) to $180.00 (from $195.00) while maintaining a Buy rating.
The analyst comments "Wednesday after the market, Snowflake reported Q2 Product revenue growth of 30%, ~3% above our expectations, and total revenue of $868.8m... More
Snowflake Inc. (SNOW) PT Lowered to $152 at Baird
August 22, 2024 6:43 AM EDTBaird analyst William Power lowered the price target on Snowflake Inc. (NYSE: SNOW) to $152.00 (from $165.00) while maintaining a Outperform rating.
The analyst comments "Remain buyers. Yesterday afternoon SNOW reported solid FQ2 results, with the 2.7% product revenue beat below FQ1's 5.6%, but still solid.... More
Snowflake Inc. (SNOW) PT Lowered to $190 at Canaccord Genuity
August 22, 2024 6:28 AM EDTCanaccord Genuity analyst David Hynes Jr. lowered the price target on Snowflake Inc. (NYSE: SNOW) to $190.00 (from $215.00) while maintaining a Buy rating.
The analyst comments "Key metrics and KPIs from the quarter. Snowflake delivered solid FQ2 results, beating guidance and raising full-year product... More
Snowflake Inc. (SNOW) PT Lowered to $160 at Needham
August 22, 2024 6:26 AM EDTNeedham analyst Mike Cikos lowered the price target on Snowflake Inc. (NYSE: SNOW) to $160.00 (from $210.00) while maintaining a Buy rating.
The analyst comments "Snowflake outperformed guidance and sell-side models in the July quarter. However, shares indicated lower in after-market trading as investors anticipated... More
Guggenheim Reiterates Neutral Rating on Snowflake Inc. (SNOW)
August 22, 2024 5:26 AM EDTGuggenheim analyst John DiFucci reiterated a Neutral rating on Snowflake Inc. (NYSE: SNOW).
The analyst comments "While Snowflake F2Q headline results exceeded consensus numbers, the results indicated a slowing of business momentum (when considering New ARR growth, including a two-year stack and/or seasonal trends), which was the opposite of most other names for the 2Q in our coverage universe (so far). See Exhibit 1. As were about halfway... More
Snowflake Inc. (SNOW) PT Lowered to $145 at Jefferies
August 22, 2024 5:22 AM EDTJefferies analyst Brent Thill lowered the price target on Snowflake Inc. (NYSE: SNOW) to $145.00 (from $160.00) while maintaining a Buy rating.
The analyst comments "Results were solid with a ~3% rev beat (vs ~4% avg beat over last 10 Qs), a FY rev... More
Evercore ISI Reiterates Outperform Rating on Snowflake Inc. (SNOW)
August 22, 2024 5:16 AM EDTEvercore ISI analyst Kirk Materne reiterated an Outperform rating and $170.00 price target on Snowflake Inc. (NYSE: SNOW).
The analyst comments "Bottom line: SNOW delivered solid results with product revenue of $829.3mn (+30%) coming in ahead of our/Street forecasts in the 26- 27% range. While this was a smaller beat than some hoped, we view it as a solid quarter that demonstrates that the core... More
Snowflake Inc. (SNOW) PT Lowered to $175 at DA Davidson
August 22, 2024 5:11 AM EDTDA Davidson analyst Gil Luria lowered the price target on Snowflake Inc. (NYSE: SNOW) to $175.00 (from $230.00) while maintaining a Buy rating.
The analyst comments "We maintain our BUY rating and lower our price target from $230 to $175 after Snowflake reported solid 2Q25 numbers... More
BTIG Reiterates Neutral Rating on Snowflake Inc. (SNOW)
August 22, 2024 5:09 AM EDTBTIG analyst Gray Powell reiterated a Neutral rating on Snowflake Inc. (NYSE: SNOW).
The analyst comments "SNOW delivered solid FQ2 results and increased its outlook for FY25. Most notably, SNOW posted product revenue of $829MM / +29.5% y/y compared to our $810MM / 26.5% est and the Street at $814MM / 27.1%. In addition, gross profit beat street estimate 3.0% and operating income was substantially ahead of forecasts. SNOW also increased its FY25 product... More
