Snowflake Jumps as Evercore ISI Starts Coverage With Outperform Rating [Yahoo! Finance News]
Snowflake Inc. Class A (SNOW)
Last snowflake inc. class a earnings: 5/4 06:30 am
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Source: Yahoo! Finance News
Snowflake Inc.(SNOWGet ReportEvercore ISI analyst Kirk Materne started coverage on the group with an 'outperform' rating and a $311 price target, some 40% north of it recent average trading levels, citing a potential total addressable marker for Snowflake's data warehousing division at around $78 billion by 2024."We believe there are few software firms that over the last decade have as large a growth opportunity as Snowflake," Materne said. "And while we acknowledge that the stock is going to need to grow into its valuation near-term, we believe the long-term risk/reward and upside optionality warrants and 'outperform' rating."Snowflake share were marked 3.7% higher in early trading Friday to change hands at $225.00 each, a move that would trim the stock's six-month decline to around 10%.Earlier this month, Snowflake posted a doubling of revenues for its fiscal fourth quarter, which ended in January, with a topline of $190.5 million, paced by Snowflake's Cloud business, which include
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SNOW
Earnings
- 2/28/24 - Beat
SNOW
Sec Filings
- 4/17/24 - Form 4
- 4/15/24 - Form 144
- 3/27/24 - Form 4
- SNOW's page on the SEC website