Snowflake Inc. (SNOW)
NYSE: SNOW · IEX Real-Time Price · USD
143.02
+0.16 (0.11%)
At close: Jul 5, 2024, 4:00 PM
143.47
+0.45 (0.31%)
After-hours: Jul 5, 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 203.69, with a low estimate of 125 and a high estimate of 240. The average target predicts an increase of 42.42% from the current stock price of 143.02.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Snowflake stock from 37 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 11 | 11 | 12 | 13 | 13 | 12 |
| Buy | 13 | 13 | 14 | 14 | 14 | 14 |
| Hold | 10 | 12 | 11 | 10 | 10 | 10 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 2 | 1 | 1 | 1 | 1 | 1 |
| Total | 36 | 37 | 38 | 38 | 38 | 37 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $220 | Strong Buy | Maintains | $220 | +53.82% | Jul 1, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $225 → $200 | Buy | Maintains | $225 → $200 | +39.84% | Jun 21, 2024 |
| B of A Securities | B of A Securities | Hold Reiterates $200 | Hold | Reiterates | $200 | +39.84% | Jun 12, 2024 |
| Rosenblatt | Rosenblatt | Strong Buy Maintains $195 | Strong Buy | Maintains | $195 | +36.34% | Jun 6, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $226 → $183 | Buy | Maintains | $226 → $183 | +27.95% | Jun 5, 2024 |
Financial Forecast
Revenue This Year
3.56B
from 2.81B
Increased by 26.71%
Revenue Next Year
4.40B
from 3.56B
Increased by 23.68%
EPS This Year
0.63
from -2.55
EPS Next Year
1.01
from 0.63
Increased by 60.01%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.8B | 5.0B | 6.5B | 8.2B | 10.2B |
| Avg | 3.6B | 4.4B | 5.5B | 6.9B | 8.9B |
| Low | 3.4B | 4.1B | 4.7B | 5.5B | 7.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 36.8% | 40.8% | 46.7% | 50.3% | 49.2% |
| Avg | 26.7% | 23.7% | 23.9% | 26.0% | 30.1% |
| Low | 20.3% | 14.0% | 7.8% | 0.4% | 14.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.14 | 1.83 | 2.45 | 3.36 | 3.97 |
| Avg | 0.63 | 1.01 | 1.62 | 2.68 | 3.86 |
| Low | 0.45 | 0.58 | 1.09 | 2.24 | 3.70 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 188.2% | 141.2% | 107.4% | 48.0% |
| Avg | - | 60.0% | 59.7% | 65.6% | 43.7% |
| Low | - | -8.8% | 7.4% | 38.5% | 38.1% |
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.