Snowflake Inc. is a cloud data platform company that provides a service for data warehousing, business intelligence, and machine learning. Snowflake’s platform is built on top of Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform, and it allows users to store, query, and analyze data in a scalable and secure way. Snowflake was founded in July 2012 (Headquarters: Bozeman, Montana, USA) by three experts in data warehousing – Benoît Dageville, Thierry Cruanes, and Marcin Żukowski – Snowflake aimed to develop a cloud-based data platform that outperforms traditional on-premises data warehouses in terms of scalability, security, and cost-effectiveness.
The platform was officially launched in October 2014 and quickly gained popularity among major clients such as Airbnb, Netflix, and Spotify. Over the years, Snowflake has secured over $3 billion in funding and is presently valued at over $50 billion.
Snowflake’s customers include some of the world’s largest and most innovative companies, such as:.
| Company | Industry |
|---|---|
| Airbnb | Hospitality |
| Netflix | Entertainment |
| Spotify | Music Streaming |
| Capital One | Financial Services |
| GE Healthcare | Healthcare |
| Slack | Communication |
| Stitch Fix | Fashion Retail |
| WarnerMedia | Media |
| Walmart | Retail |
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Here’s a table summarizing the analysts’ ratings on Snowflake’s stock:
| Rating | Number of Analysts |
|---|---|
| Strong Buy | 14 |
| Buy | 7 |
| Hold | 5 |
| Underweight | 2 |
| Sell | 0 |
Overall, Snowflake is a well-regarded company with a strong growth trajectory. Its stock is relatively expensive, but analysts are bullish on its long-term prospects.
Snowflake Inc. Share Price expected growth in upcoming years:
Snowflake Inc.’s share price expected growth in upcoming years is very optimistic. Analysts are expecting the company’s revenue to grow at a compound annual growth rate (CAGR) of 43.5% over the next five years. This would result in Snowflake’s revenue reaching over $10 billion by fiscal 2029.
Here are some specific analyst’s targets for Snowflake Inc. share price in the upcoming years:
| * Analyst | Target Price | Timeframe |
|---|---|---|
| Morgan Stanley | $215 | 12 months |
| Citigroup | $200 | 12 months |
| Goldman Sachs | $195 | 12 months |
| Bank of America | $185 | 12 months |
| Jefferies | $180 | 12 months |
Snowflake Inc. Stock Price Prediction 2024
| Year 2024 | Snowflake Inc. Share Price Prediction 2024 $170 |
Snowflake Inc. Stock Price Prediction 2025
| Year 2025 | Snowflake Inc. Share Price Prediction 2025 $215 |
Snowflake Inc. Stock Price Prediction 2030
| Year 2030 | Snowflake Inc. Share Price Prediction 2030 $420 |
Snowflake Inc. Stock Price Prediction 2040
| Year 2040 | Snowflake Inc. Share Price Prediction 2040 $550 |
Snowflake Inc. Stock Price Prediction 2050
| Year 2050 | Snowflake Inc. Share Price Prediction 2050 $730 |
Snowflake Inc. Current Share Price, Trends, Open And Prev. Close – Read Here
Top Investors in Snowflake Inc.
Here are the top 10 investors in Snowflake Inc:
| Investor | Country | Stock % |
|---|---|---|
| The Vanguard Group, Inc. | United States | 5.47% |
| Baillie Gifford & Co. | United Kingdom | 4.66% |
| Morgan Stanley Investment Management, Inc. | United States | 3.26% |
| Capital Research & Management Co. | United States | 3.11% |
| SSgA Funds Management, Inc. | United States | 2.98% |
| Fidelity Management & Research Company | United States | 2.94% |
| T. Rowe Price Associates, Inc. | United States | 2.84% |
| BlackRock Fund Advisors | United States | 2.70% |
| Wellington Management Company, LLP | United States | 2.68% |
| State Street Global Advisors, Inc. | United States | 2.56% |
| Jennison Associates L.L.C. | United States | 2.34% |
Snowflake Inc. releases his IPO in 2020:
Snowflake Inc. released its IPO on September 16, 2020. It’s IPO was one of the largest and most successful software IPOs in history. The company raised over $3.3 billion by selling 28 million shares at a price of $120 per share.
Official Site Of Snowflake Inc.
Some Frequently Asked Questions:
What is Snowflake Inc.?
Snowflake Inc. is a cloud data platform company that provides services for data warehousing, business intelligence, and machine learning. Its platform, built on Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform, enables users to store, query, and analyze data in a scalable and secure manner.
When was Snowflake Inc.’s platform officially launched?
Snowflake’s platform was officially launched in October 2014.
What are some notable clients of Snowflake Inc.?
Snowflake’s clientele includes major companies such as Airbnb, Netflix, Spotify, Capital One, GE Healthcare, Slack, Stitch Fix, WarnerMedia, and Walmart.
Is Snowflake Inc. profitable?
Snowflake Inc. is not yet profitable, and it does not have a traditional Price-to-Earnings (PE) ratio. However, its Price-to-Book (PB) ratio is relatively high, indicating that investors are optimistic about its long-term growth prospects.
What are analysts’ ratings on Snowflake’s stock?
Analysts have given Snowflake’s stock ratings such as Strong Buy, Buy, Hold, and Underweight. Currently, there are no Sell ratings.
When did Snowflake Inc. release its IPO, and how successful was it?
Snowflake Inc. released its IPO on September 16, 2020. It was one of the largest and most successful software IPOs in history, raising over $3.3 billion by selling 28 million shares at a price of $120 per share.
