Fintel studies that on May 25, 2023, Piper Sandler reiterated protection of Snowflake Inc – (NYSE:SNOW) with a Overweight suggestion.
Analyst Price Forecast Suggests 5.50% Upside
As of May 11, 2023, the common one-12 months value goal for Snowflake Inc – is 186.87. The forecasts vary from a low of 106.05 to a excessive of $525.00. The common value goal represents a rise of 5.50% from its newest reported closing value of 177.14.
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The projected annual income for Snowflake Inc – is 3,066MM, a rise of 48.43%. The projected annual non-GAAP EPS is 0.49.
What is the Fund Sentiment?
There are 1509 funds or establishments reporting positions in Snowflake Inc -. This is a lower of 4 proprietor(s) or 0.26% within the final quarter. Average portfolio weight of all funds devoted to SNOW is 0.72%, a rise of 1.58%. Total shares owned by establishments decreased within the final three months by 1.05% to 238,941K shares. The put/name ratio of SNOW is 1.04, indicating a bearish outlook.
What are Other Shareholders Doing?
Altimeter Capital Management holds 15,369K shares representing 4.73% possession of the corporate. No change within the final quarter.
Sc Us holds 13,634K shares representing 4.20% possession of the corporate. No change within the final quarter.
Capital Research Global Investors holds 12,559K shares representing 3.86% possession of the corporate. In it is prior submitting, the agency reported proudly owning 8,528K shares, representing a rise of 32.10%. The agency elevated its portfolio allocation in SNOW by 49.47% over the past quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 8,271K shares representing 2.54% possession of the corporate. In it is prior submitting, the agency reported proudly owning 8,064K shares, representing a rise of two.50%. The agency decreased its portfolio allocation in SNOW by 20.01% over the past quarter.
ICONIQ Capital holds 6,576K shares representing 2.02% possession of the corporate. In it is prior submitting, the agency reported proudly owning 11,422K shares, representing a lower of 73.70%. The agency decreased its portfolio allocation in SNOW by 80.40% over the past quarter.
Snowflake Background Information
(This description is offered by the corporate.)
Snowflake Inc. is a cloud computing-based mostly information warehousing firm based mostly in San Mateo, California. It was based in July 2012 and was publicly launched in October 2014 after two years in stealth mode. The firm’s title was chosen as a tribute to the founders’ love of winter sports activities.
Key filings for this firm:
This story initially appeared on Fintel.
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