Added to YB: 2024-06-06
Pitch date: 2024-06-05
SNOW [bullish]
Snowflake Inc.
+62.71%
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
$89.8B
Pitch Price
$133.94
Price Target
220.00 (+1%)
Dividend
N/A
EV/EBITDA
-72.98
P/E
-65.73
EV/Sales
20.07
Sector
IT Services
Category
growth
Snowflake Primed for Growth in Generative AI Market: Goldman Sachs Reiterates Buy with $220 Target
SNOW: Reiterate Buy, $220 PT post Data Cloud Summit. Uniquely positioned as long-term Gen-AI winner beyond infra to platform layer. Extensive data moat + growing use cases (transactional/analytical processing, interoperability, app dev, unstructured data, sharing, AI services). Renewed focus on product innovation & adoption under new CEO despite near-term OpM guide down. Competing in $150B+ TAM (2x by '28), execution can reaccelerate growth 30%+, diversify revs. Laying foundation for compounding growth & best-in-class FCFM; compelling risk/reward.
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