Snowflake Inc. (SNOW)
NYSE: SNOW · IEX Real-Time Price · USD
161.86
-3.18 (-1.93%)
At close: May 17, 2024, 4:00 PM
162.25
+0.39 (0.24%)
After-hours: May 17, 2024, 7:59 PM EDT
Snowflake Stock Forecast
Stock Price Forecast
The 35 analysts with 12-month price forecasts for Snowflake stock have an average target of 205.66, with a low estimate of 125 and a high estimate of 246. The average target predicts an increase of 27.06% from the current stock price of 161.86.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Snowflake stock from 38 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 11 | 11 | 11 | 12 | 12 |
| Buy | 12 | 12 | 13 | 13 | 14 | 14 |
| Hold | 7 | 8 | 10 | 12 | 11 | 11 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 2 | 2 | 1 | 1 | 1 |
| Total | 30 | 33 | 36 | 37 | 38 | 38 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JMP Securities | JMP Securities | Buy Reiterates $235 | Buy | Reiterates | $235 | +45.19% | May 17, 2024 |
| B of A Securities | B of A Securities | Hold Maintains $212 → $200 | Hold | Maintains | $212 → $200 | +23.56% | May 15, 2024 |
| Keybanc | Keybanc | Buy Initiates $185 | Buy | Initiates | $185 | +14.30% | Apr 11, 2024 |
| Rosenblatt | Rosenblatt | Hold → Strong Buy Upgrades $185 | Hold → Strong Buy | Upgrades | $185 | +14.30% | Apr 5, 2024 |
| Redburn Atlantic | Redburn Atlantic | Hold → Strong Sell Downgrades $125 | Hold → Strong Sell | Downgrades | $125 | -22.77% | Mar 19, 2024 |
Financial Forecast
Revenue This Year
3.50B
from 2.81B
Increased by 24.57%
Revenue Next Year
4.33B
from 3.50B
Increased by 23.71%
EPS This Year
0.99
from -2.55
EPS Next Year
1.43
from 0.99
Increased by 44.91%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.7B | 4.9B | 6.4B | 8.2B | 10.2B |
| Avg | 3.5B | 4.3B | 5.4B | 6.9B | 9.0B |
| Low | 3.3B | 3.9B | 4.5B | 5.5B | 7.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 32.4% | 39.2% | 48.4% | 52.4% | 48.6% |
| Avg | 24.6% | 23.7% | 23.7% | 28.2% | 30.5% |
| Low | 18.2% | 11.4% | 3.1% | 2.2% | 14.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.79 | 3.42 | 2.25 | 3.70 | 4.20 |
| Avg | 0.99 | 1.43 | 1.49 | 1.63 | 1.08 |
| Low | 0.44 | 0.83 | -2.08 | -2.03 | -1.85 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 246.2% | 56.8% | 147.9% | 158.2% |
| Avg | - | 44.9% | 4.1% | 9.1% | -33.9% |
| Low | - | -15.7% | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.