Fintel reports that on November 6, 2024, Monness, Crespi, Hardt upgraded their outlook for Snowflake (XTRA:5Q5) from Neutral to Buy.
Analyst Price Forecast Suggests 52.02% Upside
As of October 22, 2024, the average one-year price target for Snowflake is 162,05 €/share. The forecasts range from a low of 96,84 € to a high of 421,88 €. The average price target represents an increase of 52.02% from its latest reported closing price of 106,60 € / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Snowflake is 4,053MM, an increase of 26.40%. The projected annual non-GAAP EPS is 1.02.
What is the Fund Sentiment?
There are 1,577 funds or institutions reporting positions in Snowflake. This is an decrease of 98 owner(s) or 5.85% in the last quarter. Average portfolio weight of all funds dedicated to 5Q5 is 0.40%, an increase of 14.09%. Total shares owned by institutions increased in the last three months by 9.63% to 227,382K shares.
What are Other Shareholders Doing?
Altimeter Capital Management holds 9,551K shares representing 2.85% ownership of the company. In its prior filing, the firm reported owning 10,281K shares , representing a decrease of 7.65%. The firm decreased its portfolio allocation in 5Q5 by 24.91% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 9,516K shares representing 2.84% ownership of the company. In its prior filing, the firm reported owning 9,311K shares , representing an increase of 2.16%. The firm decreased its portfolio allocation in 5Q5 by 16.92% over the last quarter.
Bank Of Montreal holds 7,608K shares representing 2.27% ownership of the company. In its prior filing, the firm reported owning 4,811K shares , representing an increase of 36.77%. The firm decreased its portfolio allocation in 5Q5 by 58.43% over the last quarter.
Sc Us holds 7,501K shares representing 2.24% ownership of the company. In its prior filing, the firm reported owning 7,541K shares , representing a decrease of 0.53%. The firm decreased its portfolio allocation in 5Q5 by 9.23% over the last quarter.
Norges Bank holds 6,185K shares representing 1.85% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
