Added to YB: 2024-08-12
Pitch date: 2024-08-11
SNOW [bullish]
Snowflake Inc.
+73.94%
current return
Author Info
Equity research team focused on tech stocks (with special interest in cybersecurity and cloud). Sign up for their newsletter.
Company Info
Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally.
Market Cap
$89.8B
Pitch Price
$125.29
Price Target
N/A
Dividend
N/A
EV/EBITDA
-72.98
P/E
-65.73
EV/Sales
20.07
Sector
IT Services
Category
growth
Snowflake Added to the NDI-FutureTech Portfolio
SNOW added to NDI-FutureTech. Valuation halved on growth concerns. Alpha: Iceberg tables could boost compute 100x. New CEO Ramaswamy better for GenAI era. Recent GA products may surprise market. Success hinges on unstructured data expansion. Competing w/ Databricks on open/closed systems balance. Risks: short-term disappointment, immature unstructured offering. FY28 $10bn rev target. ER 8/21.
Read full article (3 min)