Key Considerations Before Buying Snowflake (SNOW) Stock

Shares of Snowflake have moved -0.9% today, and are now trading at a price of $186.5. Today's trading volume is 564,731 compared to the stock's average volume of 4,844,329.

Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally. Based in Bozeman, United States the company has 6,783 full time employees and a market cap of $61,322,846,208.

The company is now trading -15.36% away from its average analyst target price of $220.35 per share. The 40 analysts following the stock have set target prices ranging from $120.0 to $600.0, and on average give Snowflake a rating of buy.

Over the last 52 weeks, SNOW stock has risen 39.1%, which amounts to a 17.5% difference compared to the S&P 500. The stock's 52 week high is $202.83 whereas its 52 week low is $128.56 per share. Based on Snowflake's average net margin growth of 1.3% over the last 3 years, its core business is on track for profitability and its strong stock performance may continue in the long term.

Date Reported Total Revenue ($ k) Net Profit ($ k) Net Margins (%) YoY Growth (%)
2023 2,065,659 73,839 4 107.14
2022 1,219,327 -679,948 -56 38.46
2021 592,049 -539,102 -91
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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