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 ...

Artificial intelligence (AI) presents an incredible opportunity for investors, but not all AI stocks are created equal.Artificial intelligence (AI) is creating a substantial amount of value for investors right now. It helped catapult Nvidia from a market cap of around $360 billion to more than $3.3 trillion over the past 18 months alone, and it continues to propel shares of Microsoft and Amazon higher, as well as many others.But jumping onto the AI bandwagon isn't a silver bullet for organizations facing de ...

D4Fish Snowflake (NYSE:SNOW) has reached new lows recently after recent announcements, along with a data breach that added more uncertainties. I must say that my confidence in the new CEO Sridhar Ramaswamy has improved given what he has achieved in his first quarter as CEO, his speed of execution and urgency, and this is setting Snowflake up for a strong future indeed. Management commentary was positive for its core business in the FY1Q25 quarter: As evidence of our Q1 results, our core business is very ...

For a long time Snowflake (NYSE:SNOW), branded itself as a data cloud specialist. That’s still true, but a new leader is pushing Snowflake in a different direction. It’s a good change, and enterprising investors ought to look at Snowflake stock while it’s still ultracheap.Granted, Snowflake hasn’t received positive press lately. Frankly, recent reports have been embarrassing to Snowflake, but they shouldn’t be deal breakers for investors. So, let’s see what people are so worried about and then consider if t ...

Snowflake Inc. (SNOW) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this company have returned -20.7%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Internet - Software industry, which Snowflake falls in, has gained 0.1%. The key question now is: What could be the stock's future direction?Although media rep ...

Thesis Does anyone remember Foreigner's "Cold as Ice" song? Well, that's how Snowflake (NYSE:SNOW) is treating us lately! In this article, I'll examine whether the lack of love is coming from Snowflake or broader systemic issues. A discussion of cloud infrastructure is made along with Snowflake's position within this rapidly expanding market. I'll demonstrate how I value SaaS (Software As A Service) companies, making adjustments for their growth rates, business position and profitability. I'll focus on Sno ...