Added to YB: 2024-03-05
Pitch date: 2024-03-05
SNOW [neutral]
Snowflake Inc.
+97.1%
current return
Author Info
No bio for this author
Company Info
Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally.
Market Cap
$118.8B
Pitch Price
$170.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
-124.20
P/E
-106.39
EV/Sales
21.58
Sector
IT Services
Category
growth
Snowflake's Annual Guidance: Bulls vs. Bears Perspectives (Mike Scarpelli)
SNOW guides conservatively: Bulls say new CEO setup to beat, bears fear open-source & competition impact on pricing. 6% top-line miss, 6% vs 9.2% exp EBIT margin. CFO: revenue on track but cautious given premium valuation & sluggish innovation under old CEO. New CEO Ramaswamy to make query services user-friendly, sees Cortex consumption boost in '24, Unistore impact in '25.
Read full article (3 min)