Snowflake Stock News

PALO ALTO, Calif.--(BUSINESS WIRE)-- #AI--DeepTempo today announced its emergence from stealth mode with the launch of Tempo, a deep learning-based Snowflake Native App available now on the Snowflake Marketplace. Tempo leverages collective deep learning to improve the detection of potential cyberattacks while increasing the productivity of security teams. As part of the launch, DeepTempo will b...

Power every decision with intelligence directly in Snowflake's AI Data Cloud Power every decision with intelligence directly in Snowflake's AI Data Cloud

No-Headquarters/BOZEMAN, Mont.--(BUSINESS WIRE)---- $SNOW #TheAIDataCloud--Snowflake (NYSE: SNOW), the Data Cloud company, will attend the UBS Global Technology and AI Conference. Chief Executive Officer, Sridhar Ramaswamy will present at the conference on Tuesday, December 3rd at 2:55 PM Mountain Time. An event webcast will be accessible on the investor relations section of the Snowflake websi...

BOSTON--(BUSINESS WIRE)--Metaplane, the fastest to adopt end-to-end data observability platform for data teams, today announced the public preview of its Snowflake Native App for comprehensive data observability in the AI Data Cloud. As organizations expand their use of Snowflake to build and deploy new AI-powered data applications, data observability and security are critical to success. With ...

Investors need to dig in beyond the hype words.

On November 6th, Snowflake Inc. (NYSE: SNOW) saw its stock climb by about 4% after Monness Crespi Hardt upgraded the stock to a “Buy” with a price target of $140. The Monness analysts highlighted Snowflake's significant valuation discount following a 41% year-to-date decline and a 73% drop from its 2020 peak.

Snowflake is scheduled to report third-quarter earnings on Nov. 20.

I initiate Snowflake (SNOW) coverage with a Strong Buy rating due to its strong revenue growth potential and compelling value proposition despite recent share price plunge. Snowflake's unique consumption-based business model, cloud-based platform, and strong R&D focus position it well to capture AI and ML tailwinds. Key metrics like a 127% net revenue retention rate and $5.2 billion in remainin...