Snowflake Inc. (SNOW) PT Raised to $190 at Evercore ISI

Snowflake Inc. (SNOW) PT Raised to $225 at Citi

November 22, 2024 4:30 AM EST

Citi analyst Tyler Radke raised the price target on Snowflake Inc. (NYSE: SNOW) to $225.00 (from $183.00) while maintaining a Buy rating.

The analyst comments "It was a redemption quarter for Snowflake as the company delivered robust top-line outperfomance, accelerating bookings strength, ramping new product... More

Snowflake Inc. (SNOW) PT Raised to $188 at Monness, Crespi, Hardt

November 21, 2024 8:29 AM EST

Monness, Crespi, Hardt analyst Brian White raised the price target on Snowflake Inc. (NYSE: SNOW) to $188.00 (from $140.00) while maintaining a Buy rating.

The analyst comments "Snowflake, Inc. (SNOW Buy $129.12): Worthy of a Rally. Last night, Snowflake reported strong 3Q:FY25 upside, issued... More

Snowflake Inc. (SNOW) PT Raised to $180 at Jefferies

November 21, 2024 8:00 AM EST

Jefferies analyst Brent Thill raised the price target on Snowflake Inc. (NYSE: SNOW) to $180.00 (from $145.00) while maintaining a Buy rating.

The analyst comments "SNOW delivered a strong Q with a record-setting beat and raise and RPO growth accel to 55% y/y... More

Snowflake Inc. (SNOW) PT Raised to $200 at Needham

November 21, 2024 6:22 AM EST

Needham analyst Mike Cikos raised the price target on Snowflake Inc. (NYSE: SNOW) to $200.00 (from $160.00) while maintaining a Buy rating.

The analyst comments "Snowflake reported a solid quarter, where strong results and positive leading indicators caused us to raise our estimates and Price... More

Snowflake Inc. (SNOW) PT Raised to $200 at DA Davidson

November 21, 2024 5:30 AM EST

DA Davidson analyst Gil Luria raised the price target on Snowflake Inc. (NYSE: SNOW) to $200.00 (from $175.00) while maintaining a Buy rating.

The analyst comments "We reiterate our BUY rating and raise our price target from $175 to $200 following strong 3Q25 earnings that were underscored... More

Goldman Sachs Reiterates Conviction Buy Rating on Snowflake Inc. (SNOW)

November 21, 2024 5:23 AM EST

Goldman Sachs analyst Kash Rangan reiterated a Conviction Buy rating and $220.00 price target on Snowflake Inc. (NYSE: SNOW)

The analyst comments "We reiterate our Buy rating and $220 Price Target on Snowflake (on CL) following impressive F3Q results that augment our conviction the company can sustain mid-20s revenue growth at a $4B revenue scale while delivering 25% FCF margins, representing the top decile in software and rightfully supporting the... More

BTIG Reiterates Neutral Rating on Snowflake Inc. (SNOW)

November 21, 2024 5:13 AM EST

BTIG analyst Gray Powell reiterated a Neutral rating on Snowflake Inc. (NYSE: SNOW).

The analyst comments "SNOW delivered strong FQ3 results and increased its outlook for FY25. Most notably, SNOW posted product revenue of $900MM / +28.9% y/y compared to our $853MM / 22.1% est. (Street $849MM). This was well above the upside scenario of $880MM previewed on 11/19 and most likely well above buy-side expectations. In... More

Snowflake Inc. (SNOW) PT Raised to $185 at KeyBanc

November 21, 2024 2:46 AM EST

(Updated - November 21, 2024 10:54 AM EST)

KeyBanc analyst Eric Heath raised the price target on Snowflake Inc. (NYSE: SNOW) to $185.00 (from $150.00) while maintaining a Overweight rating.

The analyst commented, "Reiterate Overweight following a strong 5% F3Q product revenue beat and $18M guide above for F4Q.... More

After-hours movers: NVIDIA, Snowflake, Palo Alto Networks and more

November 20, 2024 4:51 PM EST

After-Hours Stock Movers:

NVIDIA (NASDAQ: NVDA) shares declined 2.3% despite reporting third quarter results and guidance that topped consensus estimates. The company's CEO Jensen Huang said the age of AI is in "full steam," and demand for Hopper and... More

Snowflake jumps 16% after lifting revenue outlook

November 20, 2024 4:50 PM EST

Investing.com - Snowflake Inc (NYSE: SNOW) on Wednesday lifted its 2025 product revenue forecast on the back of data cloud demand and analytics platform as improving economic conditions are enabling clients to allocate more of their budgets to technology spending.

Shares... More

Snowflake lifts product revenue forecast, enters AI deal with Anthropic

November 20, 2024 4:12 PM EST

(Reuters) -Data analytics provider Snowflake on Wednesday raised its annual product revenue forecast and said it has teamed up with AI firm Anthropic to build up its cloud services, sending its shares surging around 19% in extended trading.

Snowflake's data cloud has been seeing strong adoption from enterprises looking to use artificial intelligence-powered services to organize swathes of data.

Like other tech firms such as Salesforce and Microsoft, Snowflake... More

Snowflake (SNOW) and Anthropic Partner to Bring Claude Models Directly to the AI Data Cloud

November 20, 2024 4:10 PM EST

Snowflake (NYSE: SNOW), the AI Data Cloud company, and Anthropic, an AI... More

Snowflake (SNOW) to Acquire Datavolo

November 20, 2024 4:09 PM EST

Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced it has signed a definitive agreement to acquire... More

Snowflake (SNOW) Tops Q3 EPS by 5c; offers guidance

November 20, 2024 4:06 PM EST

Snowflake (NYSE: SNOW) reported Q3 EPS of $0.20, $0.05 better than the analyst estimate of $0.15. Revenue for the quarter came in at $942.1 million versus the consensus estimate of $899.3 million.

Sees Q4 product revenue $906 million to $911 million, estimate $890.7 million

For earnings history and earnings-related data on Snowflake (SNOW) click here.

... More

Snowflake (SNOW) Talks With Anthropic About AI Partnership - The Information

November 20, 2024 10:50 AM EST

Snowflake (NYSE: SNOW) Talks With Anthropic About AI Partnership - The Information

In talks about letting Snowflake customers use Anthropic's LLM to build AI-powered apps, according to a person with direct knowledge of the matter.... More

Snowflake (SNOW) call put ratio 1.8 calls to 1 put into quarter results

November 20, 2024 10:24 AM EST

Snowflake (NYSE: SNOW) November weekly call option implied volatility is at 188, December is at 68; compared to its 52-week range of 33 to 82 into the expected release of quarter results today after the bell.

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Here’s what analysts are looking for when Snowflake reports earnings

November 20, 2024 6:00 AM EST

Ahead of Snowflakes third-quarter earnings report for fiscal 2024, analysts are closely watching a mixed set of demand signals to gauge the company's performance and outlook.

As per a recent survey conducted by analysts at UBS, which included insights from 18 partners and customers, the overall picture remains somewhat unclear as the cloud landscape faces ongoing challenges.

While feedback from cloud industry peers such as AWS, Azure, Datadog, and Confluent suggests positive trends, Snowflakes situation is more nuanced.

The overarching theme in the analyst checks reflects a persistently cost-conscious environment, with companies continuing to prioritize spending cuts.... More

Snowflake (SNOW) call put ratio 2.1 calls to 1 put into quarter results

November 20, 2024 4:57 AM EST

Snowflake (NYSE: SNOW) November 22 weekly 130 straddle priced for a move of 15% into the expected release of quarter results today after the bell.

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Snowflake (SNOW) and Microsoft Simplify AI App Development and Data Collaboration with Connector for Microsoft Power Platform and Microsoft Dynamics 365

November 19, 2024 1:00 PM EST

Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced at Microsoft Ignite an... More

Snowflake (SNOW) call put ratio 2 calls to 1 put into quarter results

November 19, 2024 10:42 AM EST

Snowflake (NYSE: SNOW) November weekly call option implied volatility is at 152, December is at 65; compared to its 52-week range of 33 to 82 into the expected release of quarter results after the bell on November 20.

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Loop Capital Reiterates Snowflake (SNOW) at Buy ahead of Q3 report

November 19, 2024 7:23 AM EST

Loop Capital analyst Mark Schappel reiterated a Buy rating and $185.00 price target on Snowflake Inc. (NYSE: SNOW).

The analyst commented: "We are reiterating our Buy rating and $185 price target in front of Snowflake's F3Q25 earnings release this Wednesday (11/20) after the market close. We expect the company to exceed our F3Q product revenue estimate of $856M for 29.5% growth, which is just... More

Rosenblatt Reiterates Buy Rating on Snowflake Inc. (SNOW) ahead of Q3

November 19, 2024 7:09 AM EST

Rosenblatt analyst Blair Abernethy reiterated a Buy rating and $180.00 price target on Snowflake Inc. (NYSE: SNOW).

The analyst commented: "Snowflake is set to report Q3/FY25 results (ending Oct 31st, 2024) AMC on November 20th. With stabilizing Cloud Service Provider growth in the last two... More

Snowflake (SNOW) November 22 weekly 127 straddle price into quarter results

November 19, 2024 5:55 AM EST

Snowflake (NYSE: SNOW) November 22 weekly 127 straddle priced for a move of 13% into the expected release of quarter results after the bell on November 20.

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