Key PointsShares of the tech giant have been under pressure since last month’s earnings report.But having slid more than 30%, the risk/reward profile has suddenly become quite attractive. The technical indicators suggest we could be looking at a bottom being formed in the stock. 5 stocks we like better than SnowflakeWhile the rest of the stock market has been cruising toward highs in recent weeks, a handful of stocks have seen their fortunes diverge violently. That includes tech stocks, which, on the whole, ...

The S&P 500 (SNPINDEX: ^GSPC) soared by 34% during the past year, and the index currently trades near its record high. However, Keith Weiss at Morgan Stanley still sees plenty of potential upside for Snowflake (SNOW -1.23%) shareholders in the next 12 months. His bull-case target of $330 per share implies an upside of 103% from the current price of $162 per share.Investors should never rely too heavily on any individual analyst's price target on a company, and even Wall Street's consensus targets should be ...

Snowflake (NYSE:SNOW), which specializes in software for cloud-based data warehousing, was recently overvalued. I tried to warn investors about Snowflake’s trailing price-to-earnings ratio and suggested that SNOW stock was vulnerable to a pullback. That pullback came to pass, but it’s still not the right time to take a share position.Sure, Snowflake as an artificial intelligence connection and, as we’ll see, the company’s quarterly financial results were pretty good. Yet, due to a surprising event and Snowf ...

Shares of Snowflake (SNOW -3.59%) tumbled at the end of February as the company not only posted unimpressive guidance, but also announced the surprise departure of CEO Frank Slootman. The stock was trading at around $230 heading into the earnings report, but Wednesday had dipped to $165. The sudden, sharp sell-off appears extreme, particularly for a stock like Snowflake that can benefit from promising long-term trends in artificial intelligence (AI), which should increase demand for its cloud-based data pla ...

NEW YORK, March 8, 2024 /PRNewswire/ -- Moore Law, PLLC, a securities and shareholder law firm located on Wall Street, is investigating potential claims against: Snowflake Inc. (NYSE: SNOW) Please contact [email protected]. Snowflake is a cloud data platform that enables its enterprise customers to consolidate data into a single source to build data-driven applications and share data. The investigation involves alleged false and/or misleading statements and/or failed to disclose that: (i) Snowflake had sy ...

Snowflake Inc. (SNOW) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned -23.5% over the past month versus the Zacks S&P 500 composite's +3.2% change. The Zacks Internet - Software industry, to which Snowflake Inc. belongs, has gained 2.5% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports ...

Snowflake (SNOW -2.18%) recently reported results for the fourth quarter and full year of fiscal 2024, where quarterly revenue and adjusted earnings were above Wall Street's expectations. However, the cloud service provider's guidance for fiscal 2025 was lower than expectations, and that sent the stock down 24% following the earnings report.A Citigroup analyst reduced their near-term price target from $290 to $240 to reflect the recent sell-off but maintained a buy rating on the shares. That figure was 35% ...

Snowflake (SNOW -5.72%) helps businesses extract more value from their data through its innovative Data Cloud. It was one of the hottest stocks when it went public in 2020, even attracting a small investment from Warren Buffett's Berkshire Hathaway.While Snowflake stock still trades above its $120 IPO price, it's down 56% from the all-time high it reached in late 2021. The company is growing far more slowly today than it was a few years ago, and this slowdown is attributable to a few things.First, Snowflake ...

There's no hotter area for investors right now than artificial intelligence (AI). Any list of the top-performing stocks will be chock-full of AI companies. However, even high-flying AI stocks can feel the effects of gravity.Snowflake (SNOW -5.72%), for example, was up nearly 50% over the last 12 months but recently gave up close to half of its gain. Soundhound AI (SOUN -11.82%) had skyrocketed more than 220% so far in 2024. Its shares have fallen close to 25% below the peak, though.Sometimes pullbacks prese ...

Snowflake Inc. (NYSE:SNOW) Morgan Stanley Technology, Media and Telecom Conference March 5, 2024 5:50 PM ET Company Participants Sridhar Ramaswamy - CEO Mike Scarpelli - CFO Conference Call Participants Keith Weiss - Morgan Stanley Keith Weiss Excellent. Thank you, everyone, for joining us this afternoon. My name is Keith Weiss. I run the U.S. Software Research practice here at Morgan Stanley. I'm very pleased to have with us from Snowflake, both newly appointed CEO, Sridhar Ramaswamy; and CFO, Mike Scarpel ...