Snowflake (SNOW-N)

They replaced the CEO who was great. Doesn't know the new CEO well enough, and this is now a tough market for tech.

February reporting beat on earnings and revenue. But guided down on conference call, though margins hung in. Now in a good place, not many companies have such a good runway. Today at $158, 12-month target of $232.

NOW has been under tremendous pressure after the recent earnings release due to a combination of CEO replacement (effective immediately) and weak forward guidance, SNOW is now expected to grow by more than 20% over the next few years.

Despite EBIT loss (largely due to stock-based compensation), SNOW generates healthy cash flow, on the trailing twelve-month basis, they actually repurchased shares quite meaningfully to offset SBC. Valuation is not cheap, trading at 20x Price/Sales. We think SNOW’s business model is solid, but would not be in a hurry to add here given the uncertainty in the forecast and management.
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Reported after the bell then shares fell 20% after hours. He likes this company. Shares have been roaring since last October's lows. They reported clear top and bottom line beats, but guidance fell short and the founding CEO will retire.

It reports Wednesday. He expects a good quarter from SNOW and its CEO.

Processing and interpretation of massive amounts of warehousing data. Already integral in AI. Embedded in cloud. Price target should increase. Lots of revenue, but still losing money. Wait. Buy between $190-200, $180-190, and $170-180.

Run buy a brilliant CEO. If you don't want to spend a boatload on AI stocks, rent this and see how it goes.

Really likes it. Decent runway in front. With interest rates coming down, SaaS companies are doing better. Consolidates data. Add in thirds here, around $180-185, and at $175.

It will ride the AI boom and have a great 2024.

They just reported a top and bottom line beat and raised their full-year forecast. It's roaring back from recent weakness.

High PE, but should report good earnings next year. Likes it, but is concerned.

He has a 12-month price target of $182, so still decent runway. Consolidates data to drive meaningful business insights. Recent August earnings blew out of water on top and bottom. Likes them, but with a smaller position. Buy in thirds at $159.50, 151.50, and 143.

Fundamentally, 6/10. Weaker cashflow, without enough history on earnings growth. Choppy chart, lots of volatility. Might have lots of potential, but definitely a higher-risk play. Any headwinds to growth can hugely affect price.

A cloud-based data platform for business. Is based on Boise. He targets $184.25, so a decent runway lies ahead.

They should benefit from the AI craze. They're in the end users on the software side, managing the databases, but the end users don't have traction like infrastructure, cloud and semis companies. Eventually end users will enjoy traction, but it's too early now.