See why i upgrade snow stock from hold to buy. Snowflake is still growing, but its slowing growth, declining retention rates, flattening margins, wasteful buybacks, and high valuations will all weigh down its stock.
Fool.com contributor parkev tatevosian uses financial analysis to predict where snowflake (snow 0.55%) stock could be in one year. Snowflake reports financial results for the first quarter of fiscal 2024.
Our Forecast For Snow Stock Price In 2024 Now Indicates An Average Price Target Of $235.94 With A High Forecast Of $347.05 And A Low Forecast Of $124.83.
Analyst estimates, including snow earnings per share estimates and analyst recommendations.
Product Revenue Of $590.1 Million In The First Quarter, Representing 50%.
Snowflake is still growing, but its slowing growth, declining retention rates, flattening margins, wasteful buybacks, and high valuations will all weigh down its stock.
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Dive Into Snowflake’s Data And Ai Predictions For Industries And The Data Clouds For 2024.
Were snowflake to achieve the new forecast, it would be posting 24% growth in product revenue relative to a year before.
My Bullish Assessment Is Based On The Company's Strong Product Release.
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