Added to YB: 2024-05-23
Pitch date: 2024-05-23
SNOW [bearish]
Snowflake Inc.
-40.27%
current return
Author Info
@TechFundies has been a tech investor for over 20 years and ran a $1b hedge fund for 10 years. Follow on Twitter.
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
$155.36
Price Target
83.30 (-62%)
Dividend
N/A
EV/EBITDA
-72.98
P/E
-65.73
EV/Sales
20.07
Sector
IT Services
Category
N/A
Snowflake's Challenges: Slowing Growth and Financial Pressures Ahead
SNOW: Growth slowing (32% YoY), margin pressure, valuation high. Risks: Competition catching up, new products disappointing, estimates too optimistic. Downside -49% ('25), -40% ('26). GAAP margins -42%. FCF headwinds from billing changes & AI spend. Guide down likely. No obvious buyers at $60B.
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