Stock price when the opinion was issued
Big downtrend, trying to break it. $124 is a critical level for this stock; if it can get above, suggests that the stock will take off afterwards. If you own, definitely don't sell. If looking to buy, watch over the next month.
He'd rather pay more for a stock on confirmation that it's working, than try to catch the bottom. So here, he'd rather pay $130, than pay $119 and watch it go down to $100.
Cloud-based, data platform provider. Infrastructure and platform as a service. Also AI machine-learning integration. Chart shows how it's rolled over. Change in the CEO, and then the CRWD data breach. Very deep pockets, $3B in cash. Profitable, free cashflow. Never seems to lose customers. In acquisition mode. 41% haircut this year, great value. No dividend.
(Analysts’ price target is $172.36)
EPS of 14c missed estimates of 19c; sales of $828M beat estimates of $786M. Snowflake's product-sales growth of 34% was above consensus, yet its full-year view appears conservative. Top-line acceleration in 2H hinges on the successful deployment of its own large language model, Arctic, which is much smaller than other foundational models. Competition from hyperscale-cloud providers that bundled their LLM-based analytics offerings could pressure Snowflake's pricing in the near term. The product gross-margin view downgrade by about 100 bps to 75% for the full year was driven by higher GPU-related costs. A net expansion rate of 128% in fiscal 1Q25 reflects a slowdown in the consumption of credits by its existing customer base. Remaining-performance obligation gains improved slightly to 46% as Snowflake continues to do well with renewals at large enterprise customers. Yesterday was a very strange market day, and we would not take cues from the trading on Thursday.
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