Snowflake Inc. (NYSE: SNOW) Q2 2022 Earnings Call dated Aug. 25, 2021 Corporate Participants: Jimmy L. Sexton -- Head, Investor Relations Frank Slootman -- Chairman and Chief Executive Officer Mike Scarpelli -- Chief Financial Officer Christian Kleinerman -- Senior Vice President, Product Analysts: Mark Murphy -- J.P. Morgan -- Analyst Gregg Moskowitz -- Mizuho -- Analyst Kirk Materne . Copyright © Wall Street Stock Market & Finance report, prediction for the future: You'll find the Snowflake share forecasts, stock quote and buy / sell signals below.According to present data Snowflake's SNOW shares and potentially its market environment have been in a bullish cycle in the last 12 months (if exists). PRINCETON, Ind (WEHT) - The Gibson County Visitors & Tourism Bureau announced on Monday the theme for the 2021 Snowflake Christmas parade that will be held in downtown Princeton. The best long-term & short-term Snowflake share price prognosis for 2021 . Their forecasts range from $235.00 to $375.00. For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. We surveyed a group of over 400 Benzinga investors on whether shares of Snowflake (NYSE: SNOW) or Oracle (NYSE: ORCL) stock would grow the most by 2022. Frank Slootman, Snowflake’s chairman and CEO, said in the quarterly earnings call: “Our growth is driven by long-term secular trends in data science and analytics enabled by cloud-scale computing. BELLEVUE, Wash., Nov. 17, 2021 /PRNewswire/ -- One of the Pacific Northwest's favorite holiday traditions is back! Is Snowflake stock a good investment heading into 2021? May. So if this sequential growth continues for 5 quarters, next year its YoY growth will be just 16.75% (i.e., (1.0395 ^4)-1 = 0.1675). Find real-time SNOW - Snowflake Inc. stock quotes, company profile, news and forecasts from CNN Business. So if revenue grows to $197.5 million (the midpoint of its forecast), the quarter-over-quarter (QoQ) growth in sales is just 3.95%. The consumption model is variable not fixed, meaning our model places no limits on how much of our platform, our customer can consume and this contributed to our strong revenue retention rate. On Target: This Company Says It Delivers Drugs Exactly How You Need Them, This Industry, Important for Quality of Life, Is Big Business, This Bitcoin Mining Company Says It's Committed to Sustainability, Do Not Sell My Personal Data/Privacy Policy. But let’s look at what the company is saying. Right now Snowflake has a $64.58 billion market capitalization. Slootman added: “It bears repeating that Snowflake is not a SaaS business model. The company also provides solutions for data silos and data governance. Here is a summary of their forecasts: Bank . Snowflake Inc., which has a market valuation of $115.50 billion, is expected to release its quarterly earnings report May 26, 2021. But its revenue is . Fifty-five percent of participants said shares of Palantir will grow more by 2022. Copyright © 2021 InvestorPlace Media, LLC. The company has underperformed the S&P 500, declining approximately 6.1% compared to the S&P's gain of about 23.9%. Snowflake Inc. (NYSE:SNOW) is due to report earnings tomorrow. That means the stock is likely to keep falling. Looking ahead, the service predicts the share price will rise to $1,249.95 by December 2022, $1,723 per share by the end of 2023, and $2,663.59 per share by December 2025. This seems wildly over-optimistic given that its QoQ is slowing to just 3.95% in Q1 2021. All rights reserved. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Snowflake (SNOW) stock forecast for 2022. Snowflake Inc. has a market cap of $91.09 billion and is expected to release its quarterly earnings report on May 26, 2021. A look at today's price movement shows that the recent level at last check reads $342.24, with intraday deals fluctuating between $336.00 and $346.64. However, the . The share price of Snowflake Inc. (SNOW) now. Snowflake Inc. Q1 2022 Earnings Call May 26, 2021, 5:00 p.m. Opinions Palantir builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. If my math is correct and the QoQ growth rate eventually feeds into slower YoY growth, then the 30 times sales multiple will fall below 20 times. Taking into account the 52 . Although Snowflake is still valued at a relatively rich 62x consensus 2022 revenues, the stock has corrected by about 20% over the last month and is down by close to 39% from its post IPO highs . Snowflake, a cloud-based software company that went public in September of last year, has gained roughly 15% . Ford Stock Forecast 2021, 2022, 2023. Of the 23 analysts that have issued a 12-month Snowflake share price prediction, the majority have a price target below the current level of the share price. The best long-term & short-term SnowWorld share price prognosis for 2021, 2022, 2023, 2024, 2025, 2026 with . If the market puts a 25 times multiple (not 20x as I suspect), the market cap will be $52.2 billion. Does Sono Group Have a Breakthrough Innovation That Could Put “Range Anxiety” to Bed? This Company Thinks So! The company won a three-year, $44 million contract with the Food and Drug Administration. Why Snowflake Stock Gained 15% in . The point is that slower Q0Q growth eventually feeds into slower YoY growth. This suggests that the stock has a possible downside of 19.8%. This represents a growth of just 65% over the forecast Jan. 2022 estimate of $1.09 billion. If it starts to decelerate quickly that could lower its price-to-sales multiple quicker than you think. Forecast target price for 09-25-2021: $ 324.37. TCNNF : Trulieve Cannabis stock forecast by Wall Street Analysts. Although the . reviewers. Whatever your view of Snowflake shares – buy or sell – you can potentially profit from both positive and negative price fluctuations of the stock by trading it with contracts for difference (CFDs). However, even if those events confirm Snowflake's strong growth potential, the stock remains overpriced at 130 times analysts' full-year revenue forecast of $565.8 million. Find real-time SNOW - Snowflake Inc. stock quotes, company profile, news and forecasts from CNN Business. 52-week high/low: $429 / $184.71 . Benzinga does not provide investment advice. But watch out. Risk warning: transactions with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. With the onslaught of digital transformation, data operations have become the beating heart of the modern enterprise. That is still 16.4% below today’s market cap of $64.58 billion. Snowflake stock fell as much as 7% then rebounded in extended trading on Wednesday after the data analytics software company gave full-year guidance that met . We sift through the market for consistent trades so you don’t have to. Fold the paper . The sale of 28 million shares valued the company at $70bn, making it the largest ever software IPO. 1.72%, + This survey was conducted by Benzinga in January 2021 and included the responses of a diverse population of adults 18 or older. Although Snowflake is still valued at a relatively rich 62x consensus 2022 revenues, the stock has corrected by about 20% over the last month and is down by close to 39% from its post IPO highs . Updated May 18, 2021 12:23 pm ET / Original May 18, 2021 12:10 pm ET Order Reprints Print Article Investment firm William Blair is more positive on the outlook for the stock, with analyst Bhavan Suri estimating that the company will generate revenue of $579m in 2021 – representing growth from the company’s forecast of $538-543m for 2020 – and $1.08bn in 2022. If you rely on the information on this page then you do so entirely on your own risk. But does that really warrant such a huge price-to-sales (P/S) multiple? 1125 N. Charles St, Baltimore, MD 21201. By. Analysts covering Snowflake Inc. currently have a consensus Earnings Per Share (EPS) forecast of -0.381 for the next financial year. TCNNF : Trulieve Cannabis stock forecast by Wall Street Analysts. The stock price dropped sharply last week after research firm Cleveland Research issued a bearish report on the stock. 0.57%, + For Ford Motor Company stock forecast 2022, 12 predictions are offered for each month of 2022 with average Ford Motor Company stock forecast of $15.77, a high forecast of $17.5, and a low forecast of $15.02. Among the recommendations, 13 analysts have issued “hold” ratings, with eight saying “buy” and two recommending selling the stock. Snowflake had one of the largest IPOs ever for a software stock and now trades around $283. For Ford Motor Company stock forecast 2022, 12 predictions are offered for each month of 2022 with average Ford Motor Company stock forecast of $15.77, a high forecast of $17.5, and a low forecast of $15.02. The Global X Cloud Computing ETF, listed on the Nasdaq stock exchange, has rallied by more than 79 per cent since the beginning of the year and 127 per cent since March when the stock market sold off. Shares of Snowflake (NYSE: SNOW) stock are climbing higher on Thursday reported its earnings for the second quarter of fiscal year 2022.This comes after reported revenue of $272.2 million was way . Moreover, the consensus mark for . It implies a price target of $175.55. In Feb, the negative dynamics for Momo shares will prevail with possible monthly volatility of 14.105% volatility is expected. Snowflake Stock Forecast 09-25-2021. Therefore, using an . Snowflake Stock Forecast, 5Q5 stock price prediction. SnowWorld Stock Forecast, SNOW stock price prediction. The nature and extent of consumer protections may differ from those for firms based in the UK. The company reported a third-quarter loss of $1.01 per share, which missed estimates by 75 cents. Right now Snowflake has a $64.58 billion market capitalization. Its lowest target price of $240 is a discount of 10% while the highest target price of $515 represents a potential upside of over 93% over the next 12 months. Over time Snowflake has the potential to become an industry-leading source for data consumption and analysis, solidifying the company’s position as a must-have data storage and processing solution.”. Get Benzinga Options: Starter Edition to follow our high-conviction options trades. . Won a two-year, $31.5 million contract with the U.K.'s National Health Service. Here Are 3 Cryptos to Buy to Profit. But its revenue is forecast to be just over $1 billion ($1.09 billion) by Jan. 2022. Snowflake Vs. Oracle Stock Be careful. What is the outlook for the stock based on analyst ratings? The PNW's Best Locale for Holiday Cheer: Snowflake Lane. Capital Com SV Investments Limited is deemed authorised and regulated by the Financial Conduct Authority. Last update: 11-03-2021, 6:39. The latest earnings per stock, revenues and financial reports for Snowflake Inc (SNOW). Risk Disclosure Statement. The average Ford Motor Company stock forecast 2021 represents a -4.67% decrease from the last price of $19.2900009155273.
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