Snowflakeの空売り状況は、投資家がSnowflakeの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Snowflake (NYSE:SNOW) 株価情報, 空売り情報

Snowflake

Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.

Intrawest Resorts

Equities

News

Markets

NVDA

SNOW

TSLA

米株式市場を牽引するのは半導体製造関連企業だ。水曜日、米国の主要株価指数はマイナス圏で取引を終え、ダウ工業株は0.5％安の39,671.04ドル、S&amp;P 500はほぼ0.3％安の5,307.01ドル、ナスダックはほぼ0.2％減の16,801.54ドルで終了した。

米国市場　半導体製造関連株が牽引

Snowflake Inc

Snow Lake Resources Ltd

Snowline Gold Corp

Piper Sandler analyst Brent Bracelin reiterates Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Overweight and raises the price target from $165 to $185.

Price Target

Reiteration

Analyst Ratings

Piper Sandler Reiterates Overweight on Snowflake, Raises Price Target to $185

With U.S. stock futures trading mixed this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Deere &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) to report quarterly earnings at $3.87 per share on revenue of $9.34 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Deere shares rose 0.01% to $405.02 in after-hours trading.</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) reported better-than-expected earnings for its third quarter on Wednesday. The company reported third-quarter revenue of $35.1 billion, up 94% year-over-year, which beat a Street consensus estimate of $33.12 billion, according to data from Benzinga Pro. Nvidia said it expects fourth-quarter revenue to be $37.5 billion plus or minus 2%. Nvidia shares fell 2.5% to $142.25 in the after-hours trading session.</li>
<li>Analysts expect BJ&#8217;s Wholesale Club Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) to post quarterly earnings at 91 cents per share on revenue of $5.10 billion. The company will release earnings before the markets open. BJ&#8217;s Wholesale shares gained 0.9% to $86.45 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Snowflake Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) reported stronger-than-expected results for its third quarter. Snowflake expects fourth-quarter product revenue in the range of $906 million to $911 million, up approximately 23% year-over-year. The company also raised its full-year product revenue guidance from $3.356 billion to $3.43 billion, representing 29% year-over-year growth. Snowflake shares jumped 19.8% to $154.70 in the after-hours trading session.</li>
<li>Analysts expect Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) to report quarterly earnings at $2.35 per share on revenue of $3.14 billion after the closing bell. Intuit shares gained 0.3% to $652.80 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/11/42094434/top-3-consumer-stocks-that-are-ticking-portfolio-bombs">Top 3 Consumer Stocks That Are Ticking Portfolio Bombs</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

Long Ideas

Pre-Market Outlook

Trading Ideas

INTU

Nvidia, Deere And 3 Stocks To Watch Heading Into Thursday

Snowflake Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) reported third-quarter financial results after the market close on Wednesday. Here&#8217;s a rundown <a href="https://www.benzinga.com/pressreleases/24/11/b42099069/snowflake-reports-financial-results-for-the-third-quarter-of-fiscal-2025">of the report</a>.
Q3 Earnings: Snowflake reported third-quarter revenue of $942.09 million, beating the&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a>&nbsp;of $896.99 million.&nbsp;The data cloud company reported adjusted earnings of 20 cents&nbsp;per share, beating analyst estimates of 15 cents&nbsp;per share, according to&nbsp;<a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Total revenue was up 28% year-over-year. Product revenue came in at $900.3 million, up 29% year-over-year. Net revenue retention rate was 127% in the quarter.&nbsp;
Remaining performance obligations totaled $5.7 billion, up 55% year-over-year. Snowflake said it ended the quarter with 542 customers with trailing 12-month product revenue greater than $1 million.
&#8220;Our obsessive drive to produce product cohesion and ease of use has built Snowflake into the easiest and most cost-effective enterprise data platform. That is what&#8217;s leading us to win new logo after new logo, expand within our customer base, and displace our competition over and over again,&#8221; said Sridhar Ramaswamy, CEO of Snowflake.
Don&#8217;t Miss: <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42097649/walmart-posts-q3-sales-beat-raises-guidance-analysts-expect-strong-earnings-growth-ahead">Walmart Posts Q3 Sales Beat, Raises Guidance: Analysts Expect Strong Earnings Growth Ahead</a>
Outlook:&nbsp;Snowflake&nbsp;expects fourth-quarter product revenue in the range of $906 million to $911 million,&nbsp;up approximately 23% year-over-year. The company also raised its full-year product revenue guidance from $3.356 billion to $3.43 billion, representing 29% year-over-year growth.
Management will hold a call to further discuss the quarter with analysts and investors at 5 p.m. ET.
What Else: Snowflake announced it signed a <a href="https://www.benzinga.com/pressreleases/24/11/b42099044/snowflake-agrees-to-acquire-open-data-integration-platform-datavolo">definitive agreement</a> to acquire enterprise AI company&nbsp;Datavolo. Snowflake expects the acquisition to help the company simplify data engineering workloads and deliver data interoperability and extensibility, a building block for effective enterprise AI.
Snowflake also announced a <a href="https://www.benzinga.com/pressreleases/24/11/b42099092/snowflake-and-anthropic-team-up-to-bring-claude-models-directly-to-the-ai-data-cloud">strategic multi-year partnership</a> with AI data cloud company Anthropic, which is backed by Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>). The partnership is expected to help enable global enterprises develop and scale easy, efficient and trusted AI products.
Snowflake said Anthropic&#8217;s newest Claude 3.5 models will be available to leverage within Snowflake Cortex AI on Amazon Web Services.
&#8220;Our partnership with Anthropic represents a massive leap forward in expanding on our promise to provide thousands of global customers with easy, efficient, and trusted AI for a holistic set of enterprise use cases,&#8221; said Christian Kleinerman, executive vice president of Product at Snowflake. 
&#8220;By bringing Anthropic&#8217;s industry-leading models to customers&#8217; enterprise data where it already lives, within the security and governance boundaries of the AI Data Cloud, we will unleash new ways for businesses to harness this data for agentic use cases, coding assistants, document chatbots, unstructured data analytics, and more.&#8221;
SNOW Price Action: <a href="http://benzinga.com/quote/snow">Snowflake shares</a> were down about 34% year-to-date heading into the print. The stock was up 18.65% in after-hours, trading at $153.23 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Guidance

After-Hours Center

Movers

Tech

AMZN

Snowflake Q3 Earnings: Revenue Beat, EPS Beat, Guidance Raise, AI Acquisition, Anthropic Partnership And More

<ul>
<li>Snowflake and Anthropic sign a multi-year strategic partnership to deliver Anthropic's industry-leading Claude models to customers in Snowflake Cortex AI</li>
<li>Anthropic's latest <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.anthropic.com%2Fclaude%2Fsonnet&amp;esheet=54155703&amp;newsitemid=20241120388942&amp;lan=en-US&amp;anchor=Claude+3.5+Sonnet&amp;index=1&amp;md5=734e0b55c90e9105ac82e12aa6fcf01f">Claude 3.5 Sonnet</a> model will be available within the security and governance perimeters of Snowflake on AWS
<ul>
<li>Claude will serve as a key large language model powering Snowflake's agentic AI products, including Snowflake Intelligence and Cortex Analyst</li>
</ul>
</li>
</ul>

Snowflake Enters Into Strategic Multi-Year Partnership With Anthropic To Bring Claude Models Directly To AI Data Cloud

Snowflake Raises FY25 Product Revenue Outlook From $3.356B To $3.43B, Representing 29% Year/Year Growth

Snowflake Announces Agreement To Acquire Datavolo, Enhancing Data Engineering With Scalable Unstructured Data Ingestion And Integration For AI And ML Applications; Financial Terms Not Disclosed

Snowflake Expects Q4 Product Revenue Of $906M - $911M

WIIM

Snowflake shares are trading higher after the company reported better-than-expected Q3 adjusted EPS and sales.

Snowflake Reports Q3 2025 Adj EPS $0.20 Beats $0.15 Estimate, Sales $942.09M Beat $896.99M Estimate

Investor sentiment remained subdued on Wednesday as escalating geopolitical tensions weighed on risk assets ahead of the week&#8217;s most anticipated event: Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) third-quarter earnings report, set to be <a href="https://www.benzinga.com/tech/24/11/42093025/will-nvidia-deliver-a-blowout-beat-in-q3-poll-says-maybe-not-but-over-half-see-stock-clearing-150">released after market close.</a>
The market mood deteriorated further after multiple outlets confirmed Ukraine&#8217;s deployment of U.K.-made Storm Shadow missiles into Russian territory, a day after launching U.S.-supplied ATACMS missiles.
The CBOE Volatility Index (VIX), widely regarded as a barometer of market anxiety, spiked over 9%, underscoring rising apprehension among investors. 
Major U.S. indices were in the red, with the tech-heavy Nasdaq 100 leading losses as technology stocks bore the brunt of the sell-off.
The U.S. dollar resumed its upward trajectory, with the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), a proxy for the greenback&#8217;s strength, climbing 0.7%. Safe-haven demand also bolstered gold, which advanced 0.7%, reflecting investors&#8217; flight to safety.
Meanwhile, natural gas emerged as the standout performer among commodities, surging over 6% on the day.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) defied the risk-off sentiment, climbing over 2% to hit a fresh intraday all-time high of $94,989. This propelled its year-to-date gains to an astonishing 123%. 
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,198.51</td>
<td>-0.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,886.96</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,311.30</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,544.18</td>
<td>-0.7%</td>
</tr>
<tr>
<td>CBOE VIX</td>
<td>17.94</td>
<td>9.7%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.5% to $587.21.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.2% to $432.04.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.6% to $500.28.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.5% to $229.57.</li>
<li>The&nbsp;Health Care Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) outperformed, falling 1%. The&nbsp;Consumer Staples Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) lagged, down 1%.</li>
</ul>
<h1 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h1>
<ul>
<li>Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) fell 22% in reaction to a negative earnings report. </li>
<li>Other stocks reacting to earnings included Keysight Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>), up 5.7%; XP Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>), down 6%; Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>), up 14%; TJX Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>), down 0.3% and Williams-Sonoma Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>), up 30%.</li>
<li>Apart Nvidia, other large-cap tech companies releasing earnings results after the call are Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) and Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>). </li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/11/42094649/nvidia-stock-historically-drops-in-december-after-q3-earnings">Nvidia Stock Historically Drops In December After Q3 Earnings</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Large Cap

Broad U.S. Equity ETFs

Commodities

Politics

Forex

Global

Econ #s

ETFs

$BTC

SPDR Dow Jones Industrial Average ETF Trust

KEYS

PANW

TSX:XL

PowerShares DB US Dollar Index Bullish Fund

Stocks Fall Ahead Of Nvidia Earnings, Dollar Resumes Gains, Bitcoin Reaches New Record Highs: What's Driving Markets Wednesday?

Snowflake Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) will report third-quarter earnings on Wednesday. Wall Street expects 15 cents in earnings per share and $896.99 million in revenues as the company reports<a href="https://www.benzinga.com/calendars/earnings?tickers=SNOW" target="_blank" rel="noreferrer noopener"> after market hours</a>.
The stock is down 22.48% over the past year, 31.66% year to date.
Let&#8217;s look at what the charts indicate for Snowflake stock and how the stock currently maps against Wall Street estimates.
Read Also: <a href="https://www.benzinga.com/media/24/11/41941228/att-data-breach-exposes-50-billion-records-hackers-identified-ransom-paid">AT&amp;T Data Breach Exposes 50 Billion Records: Hackers Identified, Ransom Paid</a>
<h2 class="wp-block-heading">Snowflake Technical Setup Ahead Of Q3 Earnings&nbsp;</h2>
Snowflake stock is currently in a strongly bullish trend.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20100831/Screenshot-2024-11-20-at-8.35.34-PM.png" alt="" class="wp-image-657079" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20100831/Screenshot-2024-11-20-at-8.35.34-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20100831/Screenshot-2024-11-20-at-8.35.34-PM-300x234.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112024&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
Snowflake stock is currently trading above its five, 20 and 50-day exponential moving averages, signaling buying pressure and potential for continued upward movement.
The stock price also sits above its eight-day simple moving average (SMA) of $127.70, 20-day SMA of $121.68 and 50-day SMA of $117.83, all reinforcing bullish momentum. 
However, the stock is trading below its 200-day SMA of $142.36, presenting a bearish signal in the long term. 
The Moving Average Convergence Divergence (MACD) indicator of 3.26 further supports the bullish outlook. Additionally, the Relative Strength Index (RSI) of 61.61 indicates that SNOW is nearing overbought territory but still has room for upward movement.
<h2 class="wp-block-heading">Snowflake Analysts See 32% Upside</h2>
Ratings &amp; Consensus Estimates:<a href="https://www.benzinga.com/quote/NFLX/analyst-ratings"> The consensus analyst rating</a> on Snowflake stock stands at a Buy currently with a price target of $171.97. Recent analyst ratings from Rosenblatt, Citigroup and Keybanc set a $171 price target for Snowflake stock, implying 31.77% upside.
SNOW Price Action: Snowflake stock was trading around $129.76 a share, down 0.37%, at the time of publication.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42072808/snowflake-one-of-the-most-compelling-stories-in-software-ahead-of-earnings-analyst">Snowflake &#8216;One Of The Most Compelling Stories In Software&#8217; Ahead Of Earnings: Analyst</a></li>
</ul>

Technicals

Previews

Snowflake Q3 Earnings: Will Bullish Charts, Analyst Optimism Offset The 32% YTD Decline?

<a href="https://www.theinformation.com/articles/snowflake-talks-with-anthropic-about-ai-partnership" title="https://www.theinformation.com/articles/snowflake-talks-with-anthropic-about-ai-partnership">https://www.theinformation.com/articles/snowflake-talks-with-anthropic-about-ai-partnership</a>

'Snowflake Talks With Anthropic About AI Partnership' - The Information

U.S. stocks could open on a tentative note on Wednesday amid <a href="https://www.benzinga.com/news/global/24/11/42064198/putin-revises-nuclear-doctrine-for-broader-strikes-after-us-backed-ukrainian-attack-markets-drop-bonds-gain">simmering geopolitical tensions</a>. Futures of all three major indices were marginally up as investors weighed escalating tensions between Russia and Ukraine, and earnings from AI bellwether Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
U.S. equity markets have had a mixed week so far, with the Dow Jones facing pressure even as the S&amp;P 500 and Nasdaq witnessed sideway movements.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.11%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.12%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.19%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.09%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.13% to $591.05 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.10% to $503.96, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
Markets had a second consecutive mixed session, with the Dow Jones closing lower by 0.3% while the S&amp;P 500 edged up. The Nasdaq gained over 1% in the run-up to Nvidia's earnings.
Crude oil prices continued to gain as Russia-Ukraine tensions escalated.
This geopolitical anxiety rubbed off on treasury yields as well, which edged up.
On the economic data front, housing starts in the U.S. declined by 3.1% to 1.311 million in October versus a revised 1.353 million in the previous month. U.S. building permits declined by 0.6% to an annual rate of 1.416 million in October.
Most sectors on the S&amp;P 500 closed on a positive note, with energy, communication services, and consumer discretionary stocks recording the biggest gains on Monday.
However, industrial stocks bucked the overall market trend, closing the session lower.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>1.04%</td>
<td>18,987.47</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.40%</td>
<td>5,916.98</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.28%</td>
<td>43,268.94</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.80%</td>
<td>2,324.83</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Wedbush's Dan Ives expressed upbeat sentiment about Nvidia's earnings, saying that the AI giant could deliver earnings beat and raise guidance as well.
"We expect a drop the mic performance from Nvidia tomorrow night as Godfather of AI Jensen &amp; Co. are the only game in town with $1 trillion of AI Cap-Ex on the way with Nvidia&#8217;s GPUs the new oil and gold in this world."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We expect a drop the mic performance from Nvidia tomorrow night as Godfather of AI Jensen &amp; Co. are the only game in town with $1 trillion of AI Cap-Ex on the way with Nvidia&#39;s GPUs the new oil and gold in this world. We believe $2 billion beat/$2 billion guide higher&#x1f525;&#x1f3c6;&#x1f402;&#x1f37f;
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1858854901801009208?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
While there is optimism among analysts about Nvidia and other AI stocks, the European Central Bank expressed caution about the possibility of an "AI bubble."
&#8220;This concentration among a few large firms raises concerns over the possibility of an AI-related asset price bubble,&#8221; the ECB said in its latest Financial Stability Review, underscoring the increasing dependence of the equity markets on select companies.
This could also be a cause of concern for equity markets beyond the U.S., noted the ECB.
"Also, in a context of deeply integrated global equity markets, it points to the risk of adverse global spillovers, should earnings expectations for these firms be disappointed."
Ryan Detrick, chief market strategist at Carson Group, on the other hand, remained optimistic about equity markets.
"Stocks historically do better in years 1 and 2 of a President who was re-elected vs a new President in office."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Stocks historically do better in years 1 and 2 of a President who was re-elected vs a new President in office. <a href="https://t.co/ndj0ZbE4jp">pic.twitter.com/ndj0ZbE4jp</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1858973644086772112?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
"We are in the third year of this bull market and it is worth noting these years can be on the weaker side of things. Good news is if the bull continues (as we expect) years 4-6 are all quite strong," he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We are in the third year of this bull market and it is worth noting these years can be on the weaker side of things. Good news is if the bull continues (as we expect) years 4-6 are all quite strong. <a href="https://t.co/HW2PqVo9QU">pic.twitter.com/HW2PqVo9QU</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1858966050886611130?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data
Wednesday's economic calendar is fairly light.
<ul>
<li>Fed Gov. Lisa Cooks will speak at 11 a.m. ET.</li>
<li>Fed Gov. Michelle Bowman will speak at 12:15 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock edged up 0.3% in premarket trading on Monday after gaining 4.9% on Tuesday.</li>
<li>MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) stock surged nearly 12% on Tuesday and gained another 2.7% in premarket trading on Wednesday after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continued to chalk gains.</li>
<li>Comcast Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) is expected to spin off its TV cable channels into separate publicly traded companies. Its stock rose 2.4% in premarket trading.</li>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) stock fell over 4% in premarket trading after surging more than 31% on Tuesday after appointing a new auditor and submitting a plan to comply with the Nasdaq's listing requirements.</li>
<li>Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) was down by 1.5% in premarket trading after the Chinese EV player reported widening losses due to intense competition.</li>
<li>Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) fell over 18% in premarket trading after the company posted $1.85 earnings per share in the third quarter, well below Street expectations of $2.30.</li>
<li>Investors are awaiting earnings results from Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) today. Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), and The TJX Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures surged in the early New York session, rising by 0.53% to hover around $69.61 per barrel.
The 10-year Treasury note yield increased to 4.426%.
Major Asian markets ended mixed on Wednesday, while European markets witnessed sideways movement in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42083607/as-spirit-airlines-files-for-bankruptcy-experts-weigh-potential-impact-on-flight-prices-this-is-not-a-black-and-white-situation">As Spirit Airlines Files For Bankruptcy Experts Weigh Potential Impact On Flight Prices</a></li>
</ul>
Photo courtesy: Wikimedia

Futures

Economics

Federal Reserve

General

CMCSA

MSTR

SMCI

US Stocks Poised For Tentative Start As Geopolitical Tensions, Nvidia Earnings Keep Investors Cautious: Tech Bull Expects AI Bellwether To Deliver 'Drop The Mic Performance'

<h3>Companies Reporting Before The Bell</h3>
• Williams-Sonoma (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>) is expected to report quarterly earnings at $1.78 per share on revenue of $1.79 billion. 
• Cool Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLCO#NYSE">CLCO</a>) is projected to report quarterly earnings at $0.39 per share on revenue of $81.87 million. 
• TJX Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) is expected to report quarterly earnings at $1.10 per share on revenue of $13.95 billion. 
• Global E Online (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBE#NASDAQ">GLBE</a>) is likely to report quarterly loss at $0.15 per share on revenue of $168.60 million. 
• ZIM Integrated Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) is likely to report quarterly earnings at $7.21 per share on revenue of $2.41 billion. 
• Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) is projected to report quarterly loss at $0.53 per share on revenue of $349.50 million. 
• Dycom Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DY#NYSE">DY</a>) is likely to report quarterly earnings at $2.26 per share on revenue of $1.22 billion. 
• Canaan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) is projected to report quarterly loss at $0.15 per share on revenue of $72.77 million. 
• So-Young Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SY#NASDAQ">SY</a>) is expected to report earnings for its third quarter. 
• Yatsen Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YSG#NYSE">YSG</a>) is expected to report earnings for its third quarter. 
• ATRenew (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RERE#NYSE">RERE</a>) is expected to report quarterly earnings at $0.05 per share on revenue of $561.74 million. 
• Full Truck Alliance Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YMM#NYSE">YMM</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $388.51 million. 
• Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) is estimated to report quarterly earnings at $1.43 per share on revenue of $443.96 million. 
• Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) is projected to report quarterly earnings at $2.30 per share on revenue of $25.90 billion. 
• NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) is projected to report quarterly loss at $0.32 per share on revenue of $2.70 billion. 
• Nano Dimension (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNDM#NASDAQ">NNDM</a>) is projected to report earnings for its third quarter. 
• Yiren Digital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YRD#NYSE">YRD</a>) is estimated to report earnings for its third quarter. 
• DouYu Intl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) is likely to report earnings for its third quarter. 
• Naas Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) is estimated to report earnings for its third quarter. 
• Jiayin Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFIN#NASDAQ">JFIN</a>) is expected to report earnings for its third quarter. 
<h3>Companies Reporting After The Bell</h3>
• Copa Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPA#NYSE">CPA</a>) is expected to report quarterly earnings at $3.43 per share on revenue of $860.65 million. 
• Corporacion America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAAP#NYSE">CAAP</a>) is likely to report quarterly earnings at $0.18 per share on revenue of $400.00 million. 
• Banco BBVA Argentina (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAR#NYSE">BBAR</a>) is projected to report quarterly earnings at $0.45 per share on revenue of $583.60 million. 
• VNET Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $286.47 million. 
• Euroseas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>) is likely to report quarterly earnings at $3.55 per share on revenue of $53.30 million. 
• Universal Technical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTI#NYSE">UTI</a>) is projected to report quarterly earnings at $0.24 per share on revenue of $191.24 million. 
• Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) is estimated to report quarterly earnings at $0.15 per share on revenue of $898.46 million. 
• Maximus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMS#NYSE">MMS</a>) is estimated to report quarterly earnings at $1.48 per share on revenue of $1.31 billion. 
• Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) is likely to report quarterly earnings at $1.09 per share on revenue of $356.86 million. 
• KinderCare Learning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLC#NYSE">KLC</a>) is projected to report quarterly loss at $0.02 per share on revenue of $669.45 million. 
• NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is likely to report quarterly earnings at $0.75 per share on revenue of $33.12 billion. 
• Jewett-Cameron Trading (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JCTC#NASDAQ">JCTC</a>) is projected to report earnings for its fourth quarter. 
• Duos Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOT#NASDAQ">DUOT</a>) is projected to report quarterly loss at $0.25 per share on revenue of $2.80 million. 
• Intchains Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NASDAQ">ICG</a>) is expected to report quarterly earnings at $0.05 per share on revenue of $14.32 million. 
• Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) is expected to report quarterly earnings at $1.48 per share on revenue of $2.12 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BBAR

CAAP

CLCO

DOYU

DUOT

ESEA

GLBE

JACK

JCTC

JFIN

NAAS

NNDM

RERE

VNET

Earnings Scheduled For November 20, 2024

As the software industry nears a crossroads, one industry analyst expressed confidence in a few big names ahead of <a href="https://www.benzinga.com/earnings?date_from=2024-11-20&amp;date_to=2024-11-27">third-quarter earnings season</a>.
The Software Analyst: D.A. Davidson analyst Gil Luria reiterated Buy ratings for Palo Alto Networks Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), Couchbase Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BASE#NASDAQ">BASE</a>) and Snowflake Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) in a note published Monday.
Cybersecurity and Infrastructure Takeaways: For Palo Alto Networks, Luria anticipates strong sales performance aided by improving firewall demand and the aftermath of the Crowdstrike Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) outage.
&#8220;We believe PANW will easily surpass the sandbagged Q1 ARR guide (implies NNARR is -50% Y/Y at the mid-point) and meet or exceed CRPO expectations as well. If those two metrics are ahead, FY25 ARR guidance is raised, and FY25 Total RPO guidance is maintained and/or raised, all of which we expect, we believe shares will react positively,&#8221; the analyst said.
Palo Alto Networks reports earnings on Wednesday.
Meanwhile, Luria is also optimistic about Couchbase, citing dynamics that caused a second-quarter earnings miss as factors that will not recur.
&#8220;We thus expect a beat and raise and a rebound in the shares as expectations are low,&#8221; the analyst said. Couchbase&#8217;s next earnings report is Dec. 3.
Compute Takeaways: Snowflake also reports earnings on Wednesday. Luria believes the Bozeman, Montana-based company is &#8220;well positioned&#8221; heading into the report, remaining &#8220;one of the most compelling stories in software.&#8221;
The analyst is optimistic about the company&#8217;s artificial intelligence and machine learning initiatives and its appeal among developers. Snowflake meets both of D.A. Davidson&#8217;s software benchmarks of price to free cash flow multiples and strong growth.
Also Read:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42058823/blackrocks-spot-bitcoin-etf-to-open-for-options-trading-heres-why-it-could-be-a-big-deal-for-bitcoin">BlackRock&#8217;s Spot Bitcoin ETF To Open For Options Trading: Here&#8217;s Why It Could Be A Big Deal For Bitcoin</a></li>
</ul>
Photo: John Schnobrich via Unsplash

BASE

CRWD

Snowflake 'One Of The Most Compelling Stories In Software' Ahead Of Earnings: Analyst

MSFT

Snowflake Partners With Microsoft To Launch Power Platform Connector, Enabling AI-Powered App Development And Enhanced Data Collaboration For Enterprises

Rosenblatt analyst Blair Abernethy maintains Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Buy and maintains $180 price target.

Rosenblatt Maintains Buy on Snowflake, Maintains $180 Price Target

Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) is preparing to release its quarterly earnings on Wednesday, 2024-11-20. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Snowflake to report an earnings per share (EPS) of $0.15.
The announcement from Snowflake is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Earnings History Snapshot</h3>
In the previous earnings release, the company beat EPS by $0.02, leading to a 14.7% drop in the share price the following trading session.
Here's a look at Snowflake's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2025</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.16</td>
<td>0.18</td>
<td>0.18</td>
<td>0.16</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.18</td>
<td>0.14</td>
<td>0.35</td>
<td>0.25</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-15.0%</td>
<td>-5.0%</td>
<td>-18.0%</td>
<td>7.000000000000001%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1732026091_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Snowflake were trading at $127.43 as of November 18. Over the last 52-week period, shares are down 24.56%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<h3>Analyst Insights on Snowflake</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Snowflake.
The consensus rating for Snowflake is Buy, derived from 21 analyst ratings. An average one-year price target of $160.14 implies a potential 25.67% upside.
<h3>Comparing Ratings with Peers</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of Cloudflare, GoDaddy and MongoDB, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>For Cloudflare, analysts project an Neutral trajectory, with an average 1-year price target of $92.33, indicating a potential 27.54% downside.</li>
<li>The consensus outlook from analysts is an Neutral trajectory for GoDaddy, with an average 1-year price target of $186.15, indicating a potential 46.08% upside.</li>
<li>MongoDB received a Outperform consensus from analysts, with an average 1-year price target of $336.39, implying a potential 163.98% upside.</li>
</ul>
<h3>Peer Metrics Summary</h3>
Within the peer analysis summary, vital metrics for Cloudflare, GoDaddy and MongoDB are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Snowflake</td>
<td>Buy</td>
<td>28.90%</td>
<td>$580.75M</td>
<td>-7.30%</td>
</tr>
<tr>
<td>Cloudflare</td>
<td>Neutral</td>
<td>28.15%</td>
<td>$334.12M</td>
<td>-1.65%</td>
</tr>
<tr>
<td>GoDaddy</td>
<td>Neutral</td>
<td>7.28%</td>
<td>$740.20M</td>
<td>74.17%</td>
</tr>
<tr>
<td>MongoDB</td>
<td>Outperform</td>
<td>12.82%</td>
<td>$349.86M</td>
<td>-4.14%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Snowflake ranks first in revenue growth among its peers. It has the highest gross profit margin. However, it has the lowest return on equity.
<h3>Delving into Snowflake's Background</h3>
Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.
<h3>Snowflake: Financial Performance Dissected</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Over the 3 months period, Snowflake showcased positive performance, achieving a revenue growth rate of 28.9% as of 31 July, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Snowflake's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -36.47%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Snowflake's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -7.3%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Snowflake's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -4.45%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.08.
<a href="https://www.benzinga.com/quote/SNOW/earnings">To track all earnings releases for Snowflake visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Look Ahead: Snowflake's Earnings Forecast

Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-11-20. Here's what investors need to know before the announcement.
Analysts estimate that Snowflake will report an earnings per share (EPS) of $0.15. 
Investors in Snowflake are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Past Earnings Performance</h3>
In the previous earnings release, the company beat EPS by $0.02, leading to a 14.7% drop in the share price the following trading session.
Here's a look at Snowflake's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2025</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.16</td>
<td>0.18</td>
<td>0.18</td>
<td>0.16</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.18</td>
<td>0.14</td>
<td>0.35</td>
<td>0.25</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-15.0%</td>
<td>-5.0%</td>
<td>-18.0%</td>
<td>7.000000000000001%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1732024951_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Snowflake were trading at $127.43 as of November 18. Over the last 52-week period, shares are down 24.56%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<h3>Analyst Observations about Snowflake</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Snowflake.
A total of 21 analyst ratings have been received for Snowflake, with the consensus rating being Buy. The average one-year price target stands at $160.14, suggesting a potential 25.67% upside.
<h3>Analyzing Ratings Among Peers</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of Cloudflare, GoDaddy and MongoDB, three key industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Neutral trajectory for Cloudflare, with an average 1-year price target of $92.33, suggesting a potential 27.54% downside.</li>
<li>GoDaddy is maintaining an Neutral status according to analysts, with an average 1-year price target of $186.15, indicating a potential 46.08% upside.</li>
<li>Analysts currently favor an Outperform trajectory for MongoDB, with an average 1-year price target of $336.39, suggesting a potential 163.98% upside.</li>
</ul>
<h3>Comprehensive Peer Analysis Summary</h3>
In the peer analysis summary, key metrics for Cloudflare, GoDaddy and MongoDB are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Snowflake</td>
<td>Buy</td>
<td>28.90%</td>
<td>$580.75M</td>
<td>-7.30%</td>
</tr>
<tr>
<td>Cloudflare</td>
<td>Neutral</td>
<td>28.15%</td>
<td>$334.12M</td>
<td>-1.65%</td>
</tr>
<tr>
<td>GoDaddy</td>
<td>Neutral</td>
<td>7.28%</td>
<td>$740.20M</td>
<td>74.17%</td>
</tr>
<tr>
<td>MongoDB</td>
<td>Outperform</td>
<td>12.82%</td>
<td>$349.86M</td>
<td>-4.14%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Snowflake ranks first in revenue growth among its peers. It has the highest gross profit margin. However, it has the lowest return on equity.
<h3>Get to Know Snowflake Better</h3>
Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.
<h3>Snowflake: A Financial Overview</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Snowflake's revenue growth over a period of 3 months has been noteworthy. As of 31 July, 2024, the company achieved a revenue growth rate of approximately 28.9%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Snowflake's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -36.47%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Snowflake's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -7.3%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Snowflake's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -4.45%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Snowflake's debt-to-equity ratio is below the industry average. With a ratio of 0.08, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<a href="https://www.benzinga.com/quote/SNOW/earnings">To track all earnings releases for Snowflake visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Snowflake

Deep-pocketed investors have adopted a bearish approach towards Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SNOW usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 86 extraordinary options activities for Snowflake. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 39% leaning bullish and 52% bearish. Among these notable options, 62 are puts, totaling $2,880,105, and 24 are calls, amounting to $1,076,331.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $80.0 and $200.0 for Snowflake, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Snowflake stands at 930.06, with a total volume reaching 10,549.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Snowflake, situated within the strike price corridor from $80.0 to $200.0, throughout the last 30 days.
<h3>Snowflake Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731960921_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$43.95</td>
<td>$43.8</td>
<td>$43.95</td>
<td>$170.00</td>
<td>$127.4K</td>
<td>5</td>
<td align="right">29</td>
</tr>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$14.05</td>
<td>$14.0</td>
<td>$14.0</td>
<td>$130.00</td>
<td>$106.4K</td>
<td>509</td>
<td align="right">164</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.56</td>
<td>$2.5</td>
<td>$2.56</td>
<td>$160.00</td>
<td>$102.4K</td>
<td>3.2K</td>
<td align="right">533</td>
</tr>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$19.3</td>
<td>$19.25</td>
<td>$19.25</td>
<td>$140.00</td>
<td>$88.6K</td>
<td>1.8K</td>
<td align="right">98</td>
</tr>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$4.9</td>
<td>$4.85</td>
<td>$4.9</td>
<td>$122.00</td>
<td>$79.3K</td>
<td>211</td>
<td align="right">197</td>
</tr>
</tbody>
</table>

<h3>About Snowflake</h3>
Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.
Having examined the options trading patterns of Snowflake, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Snowflake Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 3,071,577, with SNOW's price up by 0.63%, positioned at $126.75.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 2 days.</li>
</ul>
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Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Snowflake options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Looking At Snowflake's Recent Unusual Options Activity

Jefferies raised the firm's price target on Snowflake (SNOW) to $180 from $145 and keeps a Buy rating on the shares. The company reported a strong ...

Snowflake price target raised to $180 from $145 at Jefferies

In a report released today, Raimo Lenschow from Barclays maintained a Hold rating on Snowflake (SNOW – Research Report), with a price target of $17...

Barclays Reaffirms Their Hold Rating on Snowflake (SNOW)

Biggest stock movers Thursday: NVDA, PANW, and more

Barclays analyst Raimo Lenschow raised the firm's price target on Snowflake (SNOW) to $172 from $142 and keeps an Equal Weight rating on the shares...

Snowflake price target raised to $172 from $142 at Barclays

JPMorgan raised the firm's price target on Snowflake (SNOW) to $185 from $175 and keeps an Overweight rating on the shares post the Q3 report. The ...

Snowflake price target raised to $185 from $175 at JPMorgan

Analyst Bradley Sills of Bank of America Securities reiterated a Hold rating on Snowflake (SNOW – Research Report), boosting the price target to $1...

Snowflake's Mixed Signals: Strong Revenue Performance Amid Cautious Outlook

Biggest stock movers Thursday: NVDA, crypto stocks, and more

Wells Fargo analyst Michael Turrin raised the firm's price target on Snowflake (SNOW) to $150 from $125 and keeps an Equal Weight rating on the sha...

Snowflake price target raised to $150 from $125 at Wells Fargo

BTIG analyst Gray Powell has maintained their neutral stance on SNOW stock, giving a Hold rating yesterday. Gray Powell's rating is based on a comb...

Cautious Optimism for Snowflake Amid Strong Q3 Performance and 2025 Outlook

Analyst Michael Turrin from Wells Fargo maintained a Hold rating on Snowflake (SNOW – Research Report) and increased the price target to $150.00 fr...

Snowflake: Balancing Impressive Performance with Long-Term Growth Uncertainties – Hold Rating Justified

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Press Releases

Snowflake's Unistore Unifies Transactional and Analytical Data with the General Availability of Hybrid Tables

Snowflake Advances Industry-Leading Platform to Help Enterprises Bring Simplicity to Data and AI

Snowflake Expands Capabilities for Enterprises to Deliver Trustworthy AI into Production

Snowflake Strengthens Leadership in Cross-Cloud Collaboration for Enterprise Data and AI

Legal

Snowflake, Vicor Corporation, Blue Ridge Bankshares, and Amplitude Investigation Alert: Johnson Fistel, LLP Encourages Long-Term Investors to Reach Out for More Information

Snowflake and Microsoft Simplify AI App Development and Data Collaboration with Connector for Microsoft Power Platform and Microsoft Dynamics 365

SNOWFLAKE ONGOING INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates Snowflake Inc.'s Directors and Officers for Breach of Fiduciary Duties – SNOW

Snowflake Agrees to Acquire Open Data Integration Platform, Datavolo

Snowflake Reports Financial Results for the Third Quarter of Fiscal 2025

Snowflake and Anthropic Team Up to Bring Claude Models Directly to the AI Data Cloud

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