Fintel reports that on November 25, 2024, Wedbush upgraded their outlook for Snowflake (NYSE:SNOW) from Neutral to Outperform.
Analyst Price Forecast Suggests 3.97% Upside
As of November 20, 2024, the average one-year price target for Snowflake is $174.09/share. The forecasts range from a low of $106.05 to a high of $462.00. The average price target represents an increase of 3.97% from its latest reported closing price of $167.44 / 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 1,555 funds or institutions reporting positions in Snowflake. This is an decrease of 110 owner(s) or 6.61% in the last quarter. Average portfolio weight of all funds dedicated to SNOW is 0.38%, an increase of 13.00%. Total shares owned by institutions decreased in the last three months by 5.56% to 218,404K shares. 
The put/call ratio of SNOW is 0.80, indicating a bullish outlook.
What are Other Shareholders Doing?
BlackRock holds 16,506K shares representing 4.92% ownership of the company. In its prior filing, the firm reported owning 16,775K shares , representing a decrease of 1.63%. The firm decreased its portfolio allocation in SNOW by 22.41% 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 SNOW by 16.92% over the last quarter.
Altimeter Capital Management holds 8,648K shares representing 2.58% 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 2.23% 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 5,068K shares representing 1.51% ownership of the company. In its prior filing, the firm reported owning 4,765K shares , representing an increase of 5.99%. The firm decreased its portfolio allocation in SNOW by 7.63% 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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