Fintel reports that on January 10, 2025, Barclays upgraded their outlook for Snowflake (NYSE:SNOW) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 21.55% Upside
As of December 23, 2024, the average one-year price target for Snowflake is $195.74/share. The forecasts range from a low of $116.15 to a high of $462.00. The average price target represents an increase of 21.55% from its latest reported closing price of $161.03 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Snowflake is 4,302MM, an increase of 26.00%. The projected annual non-GAAP EPS is 0.88.
What is the Fund Sentiment?
There are 1,520 funds or institutions reporting positions in Snowflake. This is an decrease of 113 owner(s) or 6.92% in the last quarter. Average portfolio weight of all funds dedicated to SNOW is 0.28%, an increase of 30.50%. Total shares owned by institutions decreased in the last three months by 6.59% to 214,242K shares. 
The put/call ratio of SNOW is 0.69, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 9,532K shares representing 2.89% ownership of the company. In its prior filing, the firm reported owning 9,516K shares , representing an increase of 0.17%. The firm decreased its portfolio allocation in SNOW by 20.01% over the last quarter.
Altimeter Capital Management holds 8,648K shares representing 2.62% ownership of the company. In its prior filing, the firm reported owning 9,551K shares , representing a decrease of 10.44%. The firm decreased its portfolio allocation in SNOW by 23.26% over the last quarter.
Sc Us holds 7,487K shares representing 2.27% ownership of the company. In its prior filing, the firm reported owning 7,501K shares , representing a decrease of 0.18%. The firm decreased its portfolio allocation in SNOW by 23.20% over the last quarter.
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 5,000K shares representing 1.51% ownership of the company. In its prior filing, the firm reported owning 5,068K shares , representing a decrease of 1.36%. The firm decreased its portfolio allocation in SNOW by 22.09% over the last quarter.
Geode Capital Management holds 4,152K shares representing 1.26% ownership of the company. In its prior filing, the firm reported owning 4,013K shares , representing an increase of 3.34%. The firm decreased its portfolio allocation in SNOW by 57.49% over the last quarter.
Snowflake Background Information
(This description is provided by the company.)
Snowflake Inc. is a cloud computing-based data warehousing company based in San Mateo, California. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. The company's name was chosen as a tribute to the founders' love of winter sports.
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