Snowflake (NYSE: SNOW) stock price has formed the dreaded death cross pattern as concerns about its growth trajectory continued. It crashed to a low of $144.50 this week, down by over 35% from its highest point this year, meaning that it is in a deep bear market.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Snowflake growth concernsCopy link to sectionSnowflake is a top Warren Buffett-backed company that provides Software as a Service (SaaS) solutio ...

Snowflake (NYSE: SNOW) has experienced fluctuations throughout 2024, resulting in a negative overall performance. Furthermore, technical indicators are now showing signs of pessimism towards SNOW stock.Adding to the woes of a nearly 20% year-to-date price decline, SNOW shares have formed a Death Cross, marking the first downward-sloping 200-day moving average in their history.SNOW stock Death Cross with a 200-day moving average. Source: Barchart A Death Cross in stocks happens when their short-term moving a ...

Snowflake Inc. (SNOW) closed the most recent trading day at $147.21, moving +1.21% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.87%. At the same time, the Dow added 0.67%, and the tech-heavy Nasdaq gained 1.11%.Coming into today, shares of the company had lost 8.54% in the past month. In that same time, the Computer and Technology sector lost 5.98%, while the S&P 500 lost 3.97%.Analysts and investors alike will be keeping a close eye on the performanc ...

Spending on cloud services is expected to pick up in 2024.A weak revenue outlook in Snowflake's (SNOW 4.17%) last business update sent the stock price sharply lower. The share prices are down 20% year to date, but analysts at KeyBanc see a buying opportunity.KeyBanc initiated coverage of the stock with an overweight (buy) rating and a $185 price target, which are usually projections for where the stock might trade in the next 12 months or so. The new price target represents a 16% upside from Thursday's clos ...

borchee Investment Thesis Snowflake (NYSE:SNOW), despite its recent correction, offers an intriguing investment opportunity. Their user-friendly platform and focus on customer value are strengths. New leadership brings AI expertise, aligning with Snowflake innovation push. Challenges include potential cloud slowdown and competition. While there seems to be a concern with customer retention numbers (NRR) it might just reflect a strategic shift to focus on larger enterprises. Overall, Snowflake is a calculate ...

Despite the stock's recent haircut, the cloud company is still seeing solid demand for its offerings.Snowflake (SNOW -0.34%) shares sold off sharply following the company's recent earnings report, but Rosenblatt analyst Blair Abernethy sees the dip as a buying opportunity. He recently upgraded the stock from "neutral" to "buy" with a $185 price target. That's 20% above the stock's Apr. 5 closing price.Why buy Snowflake stockThe company's slowing revenue growth over the last two years has limited the stock's ...

Snowflake's expensive valuation was unsustainable with its lukewarm forecast and CEO transition.Shares of Snowflake (SNOW 1.67%) fell 14.2% in March, according to data provided by S&P Global Market Intelligence. Investors reacted negatively to the company's quarterly earnings report on Feb. 28, in which it issued disappointing forecasts for next year and announced the departure of its CEO. This wasn't followed up with any more bad news in March, but it seems the market was skeptical of its expensive valuati ...

Sundry Photography Snowflake: Does a new leader and some new technologies signify a return to hyper growth? It has been 8 months or so since I last wrote about Snowflake Inc. (NYSE:SNOW) for Seeking Alpha. I rated the shares a strong buy then - it wasn't the greatest call. The shares have essentially been flat since then, while iShares Expanded Tech-Software Sector ETF (IGV), probably the most representative software ETF, has appreciated a bit less than 20% over the same time span. It hasn't been the most p ...

Key PointsSnowflake is a rapidly growing data warehouse solutions provider that enables companies to store, manage and analyze their data in a centralized cloud-based location.Snowflake shares crumbled over 20% on its fiscal 2025 guidance and the sudden replacement of CEO Frank Slootman.The new CEO, Sridhar Ramaswamy, was a former Vice President of AI and Search at Google and purchased over $5 million of Snowflake stock through his trust, as disclosed on March 27, 2024.5 stocks we like better than Snowflake ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Snowflake Inc. (SNOW) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Snowflake currently has an average b ...