Date | Price Target | Rating | Analyst |
---|---|---|---|
10/1/2024 | Hold | Argus | |
8/23/2024 | $119.00 → $121.00 | Reduce → Hold | HSBC Securities |
8/15/2024 | $200.00 → $130.00 | Overweight → Equal Weight | Wells Fargo |
5/2/2024 | $200.00 | Neutral → Outperform | Exane BNP Paribas |
4/11/2024 | $185.00 | Overweight | KeyBanc Capital Markets |
4/5/2024 | $185.00 | Neutral → Buy | Rosenblatt |
3/19/2024 | $180.00 → $125.00 | Neutral → Sell | Redburn Atlantic |
3/18/2024 | Sell → Neutral | Monness Crespi & Hardt |
Snowflake Inc. (NYSE:SNOW) ("Snowflake"), the AI Data Cloud Company, today announced the pricing of $1.0 billion aggregate principal amount of its 0% Convertible Senior Notes due 2027 (the "2027 notes") and $1.0 billion aggregate principal amount of its 0% Convertible Senior Notes due 2029 (the "2029 notes," and together with the 2027 notes, the "notes") in a private placement (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Snowflake also granted the initial purchasers of the notes options to purchase, within a 13-day period beginning on, and including, the date o
D.A. Davidson & Co. is pleased to announce that it served as exclusive financial advisor to Night Shift Development, Inc. ("Night Shift" or the "Company"), a U.S.-based data infrastructure and analytics company, on its sale to Snowflake Inc. (("Snowflake", NYSE:SNOW), a data cloud and artificial intelligence company. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240924060475/en/D.A. Davidson & Co. is pleased to announce that it served as exclusive financial advisor to Night Shift Development, Inc. on its sale to Snowflake. (Graphic: Business Wire) Night Shift was founded by CEO Tim Tutt, a highly-regarded data leader focused on
Snowflake enables the travel and hospitality industry to harness the power of the AI Data Cloud to transform operations and deliver exceptional customer experiences Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced the launch of the AI Data Cloud for Travel and Hospitality, uniting Snowflake's data platform, AI capabilities, and industry-specific solutions to deliver best-in-class data insights for the travel and hospitality industry. Snowflake empowers airlines, hotels, cruise lines, and travel technology providers to harness data and artificial intelligence to improve operations and power five-star customer experiences across the sector. This press release features multim
Argus initiated coverage of Snowflake with a rating of Hold
HSBC Securities upgraded Snowflake from Reduce to Hold and set a new price target of $121.00 from $119.00 previously
Wells Fargo downgraded Snowflake from Overweight to Equal Weight and set a new price target of $130.00 from $200.00 previously
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USA News Group Commentary Issued on behalf of Avant Technologies Inc. VANCOUVER, May 31, 2024 /PRNewswire/ -- USA News Group – With the artificial intelligence (AI) revolution fully underway, the importance and security of the data centers that power the new technology is surging. The role and preservation of these data centers is generating multiple calls for them and their power sources to be recognized as a matter of national security. Former Google CEO Eric Schmidt went so far as to predict that AI data centers will one day be "on military bases surrounded by machine guns," as stated in an interview with Noema Magazine. According to analysts at Dell'Oro Group, data center spending is fo
USA News Group News Commentary Issued on behalf of Scope AI Corp. VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- USA News Group News Commentary – According to the International Monetary Fund (IMF), the integration of artificial intelligence (AI) will affect almost 40% of jobs around the world. While still early in the AI revolution, experts are stepping forward to help businesses across a wide variety of industries to embrace it. Analysts at Statista are projecting the Global AI Market will surpass $1.75 trillion by 2030. Now CIOs across multiple sectors are eager to scale their companies' AI despite current difficulty demonstrating ROI, according to a new survey. Helping to get companies swiftl
Frank Slootman remains Chairman of the Board Snowflake (NYSE:SNOW), the Data Cloud company, announced today that Frank Slootman has decided to retire as Chief Executive Officer and Sridhar Ramaswamy has been named as Chief Executive Officer and member of the Board of Directors effective immediately. Mr. Ramaswamy previously held the position of Senior Vice President of AI at Snowflake. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240228398564/en/Sridhar Ramaswamy, Chief Executive Officer of Snowflake (Photo: Business Wire) Frank Slootman will continue to serve as Chairman of the Board. "As the leading cloud data platform,
Product revenue of $829.3 million in the second quarter, representing 30% year-over-year growth Net revenue retention rate of 127% 510 customers with trailing 12-month product revenue greater than $1 million 736 Forbes Global 2000 customers Remaining performance obligations of $5.2 billion, representing 48% year-over-year growth Authorized the repurchase of an additional $2.5 billion under our stock repurchase program through March 2027 Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced financial results for its second quarter of fiscal 2025, ended July 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.c
Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced it will release its financial results for the second quarter of fiscal year 2025, which ends July 31, 2024, following the close of the U.S. markets on Wednesday, August 21, 2024. Snowflake will host a conference call to discuss the financial results. Conference Call Details The conference call will begin at 3 p.m. Mountain Time on August 21, 2024. Investors and participants may attend the call by dialing (833) 470-1428 (Access code: 788782). For investors and participants outside the United States, see global dial-in numbers here (Access code: 788782). The call will also be webcast live on the Snowflake Investor Relatio
Product revenue of $789.6 million in the first quarter, representing 34% year-over-year growth Net revenue retention rate of 128% 485 customers with trailing 12-month product revenue greater than $1 million 709 Forbes Global 2000 customers Remaining performance obligations of $5.0 billion, representing 46% year-over-year growth Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced financial results for its first quarter of fiscal 2025, ended April 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240522387237/en/Snowflake Q1 FY25 Infographic (Graphic: Snowflake) Revenue for the quarter was $828
Financial giants have made a conspicuous bearish move on Snowflake. Our analysis of options history for Snowflake (NYSE:SNOW) revealed 9 unusual trades. Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $467,080, and 2 were calls, valued at $90,941. Predicted Price Range After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $120.0 and $190.0 for Snowflake, spanning the last three months. Insights into Volume & Open Interest In today's trading context, the average open interest for options of Snowflak
Snowflake, Inc. (NYSE:SNOW) shares are trading higher on Tuesday. The company announced today that it will partner with Meta (NASDAQ:META) to host its Llama 3.1 collection of multilingual open source large language models (LLMs) in Snowflake Cortex AI. What Happened: Snowflake’s AI Research team optimized Llama 3.1 for both inference and fine-tuning, providing a 128K context window, up to 3x lower latency and 1.4x higher throughput compared to existing solutions. “Snowflake’s world-class AI Research Team is blazing a trail for how enterprises and the open source community can harness state-of-the-art open models like Llama 3.1 405B for inference and fine-tuning in a way that maximizes
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