Added to YB: 2024-03-04
Pitch date: 2024-02-29
SNOW [bullish]
Snowflake Inc.
-20.61%
current return
Author Info
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Company Info
Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally.
Market Cap
$61.1B
Pitch Price
$191.26
Price Target
205.00 (+35%)
Dividend
N/A
EV/EBITDA
-56.62
P/E
-45.28
EV/Sales
12.62
Sector
IT Services
Category
growth
SNOW's Growth Trajectory: Signals Positive Momentum
$SNOW: Upgrade to Outperform, $205 PT after 20% selloff on CEO exit & lowered guide. Q4 beat on rev, margins, billings & RPO. New CEO Ramaswamy brings AI/ML focus. Conservative guide seen punishing stock unfairly; compelling buy. FY25 ests: $3.25B rev, $0.88 EPS. Raised DCF PT on 15% YoY growth by FY34. Key catalysts: 6/4 investor day, Q1 earnings. Valuation attractive vs consensus on future sales & FCF.
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