Added to YB: 2024-05-22
Pitch date: 2024-05-21
SNOW [bullish]
Snowflake Inc.
+60.73%
current return
Author Info
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Company Info
Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally.
Market Cap
$82.6B
Pitch Price
$163.06
Price Target
240.00 (-8%)
Dividend
N/A
EV/EBITDA
-77.96
P/E
-67.82
EV/Sales
16.09
Sector
IT Services
Category
growth
Show full summary:
Citi's Bullish Stance on Snowflake: Q1 and Q2 Guidance Highlights
SNOW: Expecting Q1 beat & stronger Q2 guide supported by Q4 bookings. Mixed checks but customer feedback positive on new products, suggesting FY25 upside. Summit in June a catalyst with new CEO's long-term vision. Citi maintains Buy with $240 PT on negative sentiment providing upside.
Read full article (1 min)