Key PointsAs the job market in the United States begins to heat up, the business services sector could see a newfound rally.Stocks like Snowflake could be next in line to see similar price action to Intuit, all in the back of the same tailwinds.Markets are pricing the stock for a boom during their upcoming earnings announcement; are they right?5 stocks we like better than DocuSignAll the market hype is now focusing on the world of technology stocks, especially after the massive run-up in names like Nvidia C ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?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 Inc. currently has an average brokerage recomme ...

Wall Street analysts forecast that Snowflake Inc. (SNOW) will report quarterly earnings of $0.17 per share in its upcoming release, pointing to a year-over-year increase of 21.4%. It is anticipated that revenues will amount to $759.86 million, exhibiting an increase of 29% compared to the year-ago quarter.Over the last 30 days, there has been a downward revision of 0.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsiderati ...

Shares of Snowflake (SNOW 4.35%) traded higher on Thursday, jumping as much as 5.3%. By the time the market closed, the stock was still up 4.4%.The catalyst that sent the cloud stock higher was bullish commentary from a couple of Wall Street analysts.SNOW piling up in the forecastFirst out of the gate on Thursday were analysts at Bank of America ahead of Snowflake's fiscal 2024 fourth-quarter results, which are scheduled to be released on Feb. 28. BofA maintained a neutral (hold) rating on the stock but rai ...

The latest trading session saw Snowflake Inc. (SNOW) ending at $216.21, denoting a -1.76% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.13%. Meanwhile, the Dow gained 0.13%, and the Nasdaq, a tech-heavy index, lost 0.32%.Shares of the company have appreciated by 7.05% over the course of the past month, outperforming the Computer and Technology sector's gain of 2.15% and the S&P 500's gain of 2.99%.Investors will be eagerly watching for the performance o ...

The market expects Snowflake Inc. (SNOW) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended January 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 28, 2024, might help the stock move higher if these key numbe ...

Data cloud specialist Snowflake (SNOW -0.90%) has been a winner for some investors and a loser for others, depending on when they bought it. Since its initial public offering at $245 in 2020, shares have floundered.The stock trades a few percentage points below this level today, more than three years later. But for investors who bought sometime between late 2022 and in 2023, shares have surged. The stock is up more than 60% since the beginning of 2023 and 16% year to date, trouncing the S&P 500 in both peri ...

Snowflake Inc. (SNOW) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this company have returned +25.5%, compared to the Zacks S&P 500 composite's +4.6% change. During this period, the Zacks Internet - Software industry, which Snowflake Inc. falls in, has gained 16.1%. The key question now is: What could be the stock's future directio ...

Snowflake Inc. (SNOW) closed the most recent trading day at $232.16, moving -0.48% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.1%. At the same time, the Dow added 0.33%, and the tech-heavy Nasdaq lost 0.3%.Shares of the company witnessed a gain of 21.97% over the previous month, beating the performance of the Computer and Technology sector with its gain of 11.35% and the S&P 500's gain of 5.78%.The investment community will be closely monitoring the pe ...

Snowflake Inc. (SNOW) closed at $215.60 in the latest trading session, marking a -1.44% move from the prior day. This change lagged the S&P 500's daily loss of 0.32%. Elsewhere, the Dow saw a downswing of 0.71%, while the tech-heavy Nasdaq depreciated by 0.2%.The company's shares have seen an increase of 15.67% over the last month, surpassing the Computer and Technology sector's gain of 9.33% and the S&P 500's gain of 4.59%.Market participants will be closely following the financial results of Snowflake Inc ...