Daily Stock Opinions and Ratings

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Jim Cramer - Mad MoneySnowflakeSNOWCOMMENTSep 11, 2020

It IPOs next week and is a cloud-based data warehousing company. Berkshire Hathaway and Salesforce will each buy $250 million of stock. The CEO has a great track record in Silicon Valley; Snowflake is the CEO's third company he's taken public. He sees a lot of demand in Snowflake, so should IPO well. He's conflicted, because the IPO may be too red hot and overbought. He'll know more about this company next week.

Jim Cramer - Mad Money

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Stock price when the opinion was issued

$238.26

As of Jun 05, 2026. Market Open.

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TOP PICK

In the last quarter, the company reported 0.39 USD per share, beating the 0.32 USD estimate by 22.15%. Revenue for the same period reached 1.39 B USD, despite the estimate of 1.32 B USD. For the next quarter, analysts expect 0.42 USD in earnings per share and 1.44 B USD in revenue. Social media mentions are up 2,663% in the past 24h.

Unspecified

He knows little about the company and it is really hard to analyze. It had a pullback and seems to be stabilizing. If it drops below the consolidation level of $155 then exit. Has the short term potential to get back to the $210 range. It is sort of a Tier 2 tech stock.

COMMENT

It reported today good numbers, including a terrific annual product revenue forecast, then shares rose, then lost those gains and then some. Their platform is essential for building AI tools. They announced major partnerships with Anthropic and OpenAI. But shares are -40% since October's highs.

DON'T BUY

AI is going down. Shares are down 16% the past month.

WAIT

Key player within cloud and data centres. Cloud-based data storage with analytic solutions on top. Like a DDOG, but allows companies to manoeuvre more efficiently through the cloud. Owns it, but it's rich. His price target is ~$260-270.

He'd buy in around $246 and definitely just in front of $231-233. Your final third would be ~$215-220, at which point he'd absolutely recommend.

(Analysts’ price target is $231.00)

BUY ON WEAKNESS

They reported a robust quarter today, based on success in AI. But the operating margin guidance for the quarter was 7% vs. the street's 8.5%. So, shares are down 7.77% after hours.

BUY

Reports Wednesday. Shares are up 60% this year. EPS growth has doubled.

PAST TOP PICK

(A Top Pick Nov 20/24, Up 105%)

Not much competition in its space. 12-month price target of $311.50, still some runway left.

BUY

They reported two blowout quarters, including one late today: a top and bottom line beat and strong guidance this quarter. Strong sales momentum.

BUY

Is up 27% this year. Operational margins are +9% while expenses are falling a lot.

BUY

They beat (earnings up 71%, crucial product revenues 28%), and raised. Are gaining momentum.

BUY

They reported after today's close their third-straight strong quarter: top and bottom line beats, strong guidance this quarter and terrific full-year sales forecast. Is up 31% the past month.

BUY

They report Wednesday. Their business is on fire.

BUY ON WEAKNESS

12-month price target of $225.41. Amazing turnaround. New CEO is an engineering guy, who really understands what SNOW is all about. Leading cloud-based data platform provider; helps data move seamlessly, faster, and with less energy. February earnings blew it out of the park, then got tangled up in tariff rhetoric.

If you own it, absolutely hold. If you don't, sell some puts (and you want to get taken anyway).

BUY

Growing faster than expected: total revenues +27%, product revenue 28%. They guided 8% margin expansion, and this is the story going forward. It's been volatile, but are positioned well for 2025. They announced a partnership with MSFT.

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