|Bid||132.35 x 1000|
|Ask||132.41 x 800|
|Day's range||125.81 - 138.62|
|52-week range||125.81 - 405.00|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||25 May 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||288.90|
The cloud-based data warehousing company priced its IPO at $120, well above its original range of $75 to $85, and it started trading at $245 a share. Snowflake attracted so much attention for two reasons: Its growth and retention rates were high, and it was backed by big investors like Salesforce and Warren Buffett's Berkshire Hathaway.
On an otherwise positive day for the S&P 500 and Nasdaq, tech stocks Snowflake (NYSE: SNOW), Twilio (NYSE: TWLO), and Skillz (NYSE: SKLZ) were going in the other direction. Shareholders can thank sell-side analysts for today's relative underperformance, as downgrades and price target decreases across these three names seem to be the culprit. Ahead of those figures, it appears analysts at UBS, Cowen, and Jefferies all thought it time to get their price targets closer to Snowflake's current share price under $140.
Snowflake (SNOW) fiscal first-quarter results are likely to reflect gains from an increasing customer base and financial and media data cloud services.