Snowflake (NYSE:SNOW), which specializes in software for cloud-based data warehousing, certainly wasn’t a darling of the market in 2024’s first half. However, contrarian investors should definitely put Snowflake on their watch lists. The sell-off in Snowflake stock was overdone, and a second-half comeback is almost inevitable.Analysts are generally bullish about Snowflake, and as we’ll see, one analyst firm even put the company’s stock on its shortlist of high-conviction picks. So, consider buying when othe ...

Sundry PhotographySnowflake's (NYSE:SNOW) recovered to $137 from its 52-week low of $122 in late June. I believe the downside is limited from here and if it executes well the stock should continue going up. It's had a disastrous year so far, down 31% YTD. On earnings day, Feb 28th, Snowflake announced that the existing CEO Frank Slootman was leaving his role but continuing on as chairman. Neeva’s cofounder, which was taken over by Snowflake in 2023 to augment its AI capabilities, Sridhar Ramaswamy, was ...

Shares of Snowflake Inc (NYSE:SNOW) are dropping alongside the rest of the cloud sector today, down 2.9% at $137.46 at last glance. The stock just bounced off its June 25, 52-week low of $122.60, but is now seeing pressure from the 50-day moving average. Per Schaeffer's Senior Quantitative Analyst Rocky White, the 50-day trendline is historically bearish for SNOW. In the past three years, the equity has come within one standard deviation of this moving average at least seven times, defined for this study as ...

Austin, Texas, July 09, 2024 (GLOBE NEWSWIRE) -- Anaconda Inc., a leading platform provider for data science, machine learning, and AI, today announced a new integration with Snowflake Notebooks (public preview), a cell-based development interface integrated within Snowflake’s secure, scalable platform. Snowflake Notebooks provide a convenient, easy-to-use development interface for Python, SQL, and Markdown to accelerate development using Snowflake offerings, including Snowflake ML, Streamlit, and Snowflake ...

Artificial intelligence (AI) data cloud provider Snowflake Inc. NYSE: SNOW has had a series of misfortunate events, ranging from an earnings miss to data breaches, that caused its stock to tumble to 52-week lows at $122.60 on June 25, 2024. However, the shares have been able to rally for four consecutive days following the low as the market reconsiders its sentiment and ponders whether the sell-off was overdone. Investors should take a closer look at the catalysts to consider stepping into some cheaper shar ...

Snowflake made Goldman's July "Conviction List."Shares of cloud-based data lake provider Snowflake (SNOW 5.08%) were in rally mode Monday even on a rather muted day for many tech stocks. Shares were up 4.8% as of 1:30 p.m. EDT.Snowflake's outperformance is likely due to a positive note issued by analysts at Goldman Sachs, who added the stock to the firm's "Conviction List" today.Goldman likes Snowflake's entry point and innovation pipelineGoldman analyst Kash Rangan added Snowflake's stock to the firm's "Co ...

BlackJack3D Since the company's earnings report at the end of May, Snowflake (SNOW) has seen serious pricing weakness, although the earnings report was quite solid. The data cloud service provider generated very strong top line growth, saw a sequential revenue acceleration and raised its guidance for full-year revenues. Nonetheless, the company’s shares fell to a new 1-year low in June on concerns over profitability. I believe investors are massively overreacting to the company’s earnings report and I t ...

Data analytics firm Snowflake (NYSE:SNOW) is on a long slide lower. Although it impressively beat analyst expectations by a wide margin, guidance indicated a coming slowdown and profits are still nowhere in sight. As a result, the market is selling off Snowflake stock. Shares are down 35% year-to-date but 46% below its February high. A recent cyberattack on its clients’ data depressed shares further. Despite the decline, SNOW stock still trades at a lofty 14 times sales. Has the stock retreated enough (or t ...

Shares of this cloud company are down 48% from their 52-week high, but prospects are good for better times ahead.This has been a terrible year for Snowflake (SNOW -0.47%) shareholders. Though the data cloud provider started 2024 on a positive note, the stock is now down 48% from the 52-week high it hit in mid-February thanks to issues ranging from management turnover to increasing competition to quarterly results that haven't met expectations.However, that sharp pullback may have created an opportunity for ...

Nvidia has been red-hot, while Snowflake has been ice-cold. That could soon change.It's hard to deny that Nvidia and artificial intelligence (AI) have been the story of Wall Street through the first six months of 2024. Nvidia's meteoric rise from soaring demand for its AI chips has turned the stock into a multitrillion-dollar beast that has made shareholders very wealthy in a short amount of time.But even the best things don't last forever. I'm not predicting Nvidia's downfall, but it makes sense to start l ...