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AI-Driven Growth | Snowflake's strategic focus on AI initiatives, including Snowpark and Cortex, positions the company for expansion in the $342 billion data analytics market |
Financial Resilience | Explore Snowflake's robust financial performance, with product revenue reaching $829.3 million, a 30% year-over-year increase, surpassing analyst expectations |
Competitive Landscape | Delve into Snowflake's strategies to maintain its edge against rivals like Databricks and major cloud providers in the evolving data analytics and AI market |
Future Outlook | Analysts project an average price target of $180, reflecting varied perspectives on Snowflake's growth potential amid increased AI investments and margin pressures |
Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems. The company was formerly known as Snowflake Computing, Inc. and changed its name to Snowflake Inc. in April 2019. Snowflake Inc. was incorporated in 2012 and is based in Bozeman, Montana.
Metrics to compare | SNOW | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipSNOWPeersSector | |
---|---|---|---|---|
P/E Ratio | −40.9x | −11.6x | 11.3x | |
PEG Ratio | 2.69 | −0.44 | 0.01 | |
Price/Book | 10.1x | 4.3x | 2.4x | |
Price / LTM Sales | 13.0x | 3.1x | 2.1x | |
Upside (Analyst Target) | 37.1% | 21.0% | 22.7% | |
Fair Value Upside | Unlock | −2.3% | 5.8% | Unlock |