Analyst Ratings Coverage
Capital One Financial (Rank#109) maintained the “Overweight” rating on Snowflake, from a Equal Weight. The bank also has a 12 month target of $195 per share.
SNOW Stock Analysis
Analyst Target Price: The average analyst target price for Snowflake Inc. is USD 188.21 over the next 12 months. This means that, based on the assessments of 31 financial analysts who closely follow the company, the consensus expectation is that Snowflake’s stock price will reach approximately $188.21 within the coming year. These price targets are typically based on a combination of fundamental analysis, market trends, and the analysts’ insights into the company’s performance and prospects.
Average Analyst Rating: The average analyst rating for Snowflake Inc. is described as “Strong Buy.” This rating suggests that, on average, the majority of the analysts covering Snowflake’s stock believe it is an attractive investment at its current price. A “Strong Buy” rating typically indicates a high level of confidence in the company’s potential for growth and a positive outlook for its stock.
Stock Target Advisor Analysis: Stock Target Advisor, an independent analysis source, provides its own assessment of Snowflake Inc.’s stock. According to their analysis, Snowflake’s stock is categorized as “Slightly Bearish.” This classification is based on a combination of signals, which include both positive and negative indicators.
Positive Signals: The analysis identified 3 positive signals, which could include factors like strong revenue growth, innovative product offerings, or positive developments within the company’s industry. These signals may suggest reasons to be optimistic about Snowflake’s stock.
Negative Signals: There are also 6 negative signals, which might include concerns like high valuation, increased competition, or potential economic challenges. These signals may indicate reasons for caution or a less favorable outlook for Snowflake’s stock.
Recent Stock Performance: As of the last closing, Snowflake Inc.’s stock price was USD 159.57. Over the past week, the stock price has experienced a significant increase of +9.95%. This indicates that Snowflake’s stock had a strong performance in the recent week. However, over the past month, the stock price declined slightly by -0.24%, and over the past year, it showed a notable gain of +23.60%. This suggests that Snowflake’s stock has demonstrated overall positive growth and is performing well in the long term, despite short-term fluctuations.