Snowflake today
As of 01/13/2025 at 03:58 PM ET
- 52 week range
- $107.13
▼
$237.72
- Price target
- $187.69
Shares of the technology giant Snowflake Company New York Stock Exchange: Snow They start in 2025 on A Relatively strong observation After a turbulent year. The company, headquartered in Montana, is a leader in Cloud data platforms. while 2024 has been a challenging year for Snowflake, with shares falling 55% in September and a 45% rise in January suggesting investor confidence is starting to return.
However, there is still a long way to go for Snowflake to regain its former glory and win back Wall Street. Full trust. However, with many Recent analyst updates With brighter days on the horizon, there are reasons for investors to be excited about Snowflake stock as we head into 2025.
Basic performance of Snowflake
First, let’s look at a snowflake Recent basic performance. Aside from a rare error in its May earnings report, Snowflake beat analyst expectations on key numbers in every other quarter of the year.
this This was the case in its most recent earnings report in November, which saw record revenue print — always a good sign that things are moving in the right direction. However, the fact that profitability has been elusive cannot be ignored. Snowflake’s margins were squeezed in 2024 as costs rose, leaving many investors wondering if the company can achieve consistent profitability anytime soon.
However, it should be noted that there may already be a lot of downside to these concerns Its price will be In stock. Shares recently traded at all-time lows, so performance has been strong In a February report It can be a catalyst necessary To ignite the return march.
Snowflake receives bullish analyst updates
Adding to this potential shift are the bullish updates Coming From Wall Street. Snowflake has already received three awards this year, which is no small feat, considering we’re not even halfway through the month.
Snowflake MarketRank™ Stock Analysis
- Total MarketRank™
- Percentage 89
- Analyst evaluation
- Moderate purchase
- Upside/Downside
- 15.6% up
- Short interest level
- correct
- Earnings power
- nothing
- Environmental outcome
- -0.77
- News feelings
- 0.71
- Insider trading
- Selling shares
- project. Earnings growth
- increase
See full analysis
In a note to clients in the first week of the year, the team at Piper Sandler reiterated their overweight rating, which… It was quickly followed A similar move from Wells Fargo. then, Just last FridayBarclays has upgraded the Snowflake from equal weight to overweight.
Price targets From everyone three Upgrades range from $190 to $208From where the stock closed on Friday, It indicates a target upside of about 30%. The optimism centers on what analysts describe as Snowflake’s strategic progress and growth in Company guidance for a full year. For these On the margin, these bullish calls highlight growing confidence that Snowflake’s turnaround has already begun.
Concerns about valuation and profitability loom
But it must be acknowledged, That this is still a damaged stock that lost a lot of its value last year while the broader market was trading at all-time highs. IThe high end of the news from last quarter is definitely Take a break now as investors try to Get an idea where the stock is They are heading After the latest update of the Federal Reserve.
It is also worth noting that not all analysts are convinced. December saw Wedbush downgrade Snowflake from strong buy to hold, citing concerns about valuation and profitability. However, it is important to Keep in mind That Wedbush was one of the few bearish voices in it A sea of bullish updates last month. Others, including Loop Capital, Jefferies and Scotiabank, have rated the stock a buy or equivalent through 2025.
The stage is set for more gains
With a Relative Strength Index (RSI) of 52, the stock still has plenty of upside momentum while at the same time having plenty of room to rise if things go wrong. For context, the Relative Strength Index is a technical indicator that measures a stock’s recent trading history and forecasts outside Reading between 0-100. Readings above 70 typically indicate overbought conditions, while readings below 30 indicate oversold territory. With Snowflake’s RSI comfortably in the middle, the stage is set for further gains if buying activity picks up.
Snowflake’s combination of strong fundamentals and strong analyst support suggests this may be the case next month. With so many reasons to be excited, Snowflake could be one of 2025’s most compelling comeback stories.
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