Added to YB: 2024-05-22
Pitch date: 2024-05-21
SNOW [bullish]
Snowflake Inc.
+9.9%
current return
Author Info
No bio for this author
Upgrade to Yellowbrick Premium to unlock investor returns. Upgrade to Yellowbrick Premium
Company Info
Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally.
Market Cap
$65.9B
Pitch Price
$163.06
Price Target
240.00 (+34%)
Dividend
N/A
EV/EBITDA
-55.55
P/E
-47.80
EV/Sales
14.64
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)