Is Snowflake a good investment?

Is Snowflake a good buy 2021?

Snowflake continues to deliver the goods since becoming a public concern. Revenue in Q1 2021 notched a 110% year-over-year increase to $229 million, and full-year 2021 guidance is calling for a first-ever $1 billion in annual sales — implying growth of no less than 84% from 2020.

Is Snowflake overvalued?

Although Snowflake is still valued at a relatively rich 62x consensus 2022 revenues, the stock has corrected by about 20% over the last month and is down by close to 39% from its post IPO highs, trading at levels of around $240 per share. Snowflake is also likely to grow into its lofty valuation relatively quickly.

Is snow a buy or sell?

(SNOW) – Zacks.

(Delayed Data from NYSE)

Zacks Rank Definition Annualized Return
1 Strong Buy 25.60%
2 Buy 19.21%
3 Hold 10.85%
4 Sell 6.62%

Is Snowflake a buy hold or sell?

Snowflake has received a consensus rating of Hold. The company’s average rating score is 2.34, and is based on 12 buy ratings, 15 hold ratings, and 2 sell ratings.

Why is Snowflake stock going down?

Snowflake stock (NYSE: SNOW) has been trending lower over the last month due to the broader sell-off in high-growth tech names, on account of fears of inflation and higher bond yields.

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Can you run spark on snowflake?

Snowflake supports three versions of Spark: Spark 2.4, Spark 3.0, and Spark 3.1.

Is Snowflake too expensive?

Snowflake is still too expensive

Snowflake’s growing list of Fortune 500 customers and high net retention rate indicate it has a wide moat, but its stock has arguably been overpriced since its IPO.

What is a fair price for snow Stock?

Average Price Target

Based on 19 Wall Street analysts offering 12 month price targets for Snowflake in the last 3 months. The average price target is $285.38 with a high forecast of $320.00 and a low forecast of $240.00. The average price target represents a -6.51% change from the last price of $305.26.

What is the prediction for Snowflake stock?

Stock Price Forecast

The 24 analysts offering 12-month price forecasts for Snowflake Inc. have a median target of 310.00, with a high estimate of 515.00 and a low estimate of 245.00. The median estimate represents a +4.18% increase from the last price of 297.56.