Snowflake stock reddit
Snowflake stock reddit. That implies its top line could grow at a compound annual growth rate (CAGR) of 36% from fiscal 2022. Snowflake was valued around $4b in late 2018, and is sitting around $80b today. Curious on what type of stock options people have there Oct 16, 2023 · When Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B) CEO Warren Buffett loads up on a stock, you might be tempted to do what he does. In order to reverse your -62%, the stock will basically have to go up 150% from now. Supposedly he had 32k shares and just made close to 10 million. A user on r/investing subreddit argues that SNOW is a fad stock with high valuation, low margins, and excessive share-based compensation. 81 billion. 03, with a low estimate of 121 and a high estimate of 230. - Snowflake is a Data Warehouse-as-a-Service solution developed for the cloud. ServiceNow's public Snowflake Inc. If you’re unwilling to buy a stock that has run up just because the price is higher now than it was 3 months ago you’re saying you don’t want to own winners Buffett agreed to buy at the IPO price, not at $80/share. 94. I am all-in. That moat is very wide and safe. Yes, Snowflake is richly valued and if you don't know/believe the reasons then you don't own the stock. Then, in mid-November 2021, SNOW rose to $390 -- that was an increase of 225% from the IPO offer price and made many investors giddy. But the Snowflake-employed mods unfortunately have decided on censorship of anything but positive marketing blog posts. Find the latest Snowflake Inc. The second piece is storage, and Snowflake stores data on AWS S3. That’s understandable, as Buffett is a legendary investor Posted by u/Hopeful_Substance_79 - 1 vote and no comments Coming into the print, investors were betting that Snowflake, the provider of a platform for big data storage whose stock had gained 70% over the past 12 months, would benefit from the rise of AI Apr 9, 2024 · A recent Reddit post by user Fountainheadusa has sparked a lively discussion about Snowflake Inc SNOW stock. Mar 1, 2024 · Prior to taking Snowflake public in 2020, he had done the same for ServiceNow in 2012 and Data Domain in 2007. Track Snowflake Inc (SNOW) Stock Price, Quote, latest community messages, chart, news and other stock related information. Only a handful of cloud companies go up, and I am sure Snowflake isn’t one of them. There's almost no snowflake support by the open source community. The first piece, Snowflake, is software that competes with AWS Redshift. I was generally unimpressed with it, the queries were slow and the response time would vary greatly. It was difficult to get any kind of tracing or performance monitoring. An IC4 at snowflake could reasonably have been making $250k base + $500k stock in 2019. It was the largest snowflake I've ever seen. The post compares SNOW with its peers and cites Berkshire Hathaway's investment as an example. Share your ideas and get valuable insights from the community of like minded traders and investors. (SNOW) became a fad stock when it more than doubled its IPO offer price of $120 and closed at $245 in September 2020. 38 billion, with total revenues of $2. They primarily hunt (non-cleaning) shrimp, small lobsters, crabs octopus, squid. As someone who actually used the Snowflake service. N) real-time stock quotes, news, price and financial information from Reuters to inform your trading and investments However, what's actually more interesting is Mark D. We would like to show you a description here but the site won’t allow us. Better yet, you can do it right now on any listed stock, regard. This movement occurred within a trading range of $226. r/snowflake: Unofficial subreddit for discussion relating to the Snowflake Data Cloud So 2 pieces. 08% earned 14 cents a share, up from 10 cents a share a year before, whereas the FactSet consensus was for 4 cents a share. For stock recommendations please see our portfolio sticky, sort by hot, it's the first sticky, or see past portfolio stickies here. 67. 74, indicating a sentiment that Snowflake's current dip could present a buying opportunity. The company’s outlook may be limited unless growth stabilizes. (reddit makes it a link lmao)) SNOW - If there's one thing I have learned this earnings season, it’s that cloud stocks get slaughtered, whether they beat or miss earnings. Everyone love snowflake but it was too expensive. Likely not even 3 feet. Analysts' consensus tags the stock as a "Buy" with a target median price of $200 and a consensus target of $222. As of the most recent data, Snowflake's market cap is $51. No stake in either org. It uses the elastic, scalable Azure Blobs Storage as its internal storage engine, Azure Data Lake to store unstructured Sep 11, 2024 · Get Snowflake Inc (SNOW. Over the long term, Snowflake still expects to generate $10 billion in product revenue by fiscal 2029. People must have noticed all around the massive option trade on 4/19/2024 on <snowflake> Look at the excessive millions amount of calls bought at strike 180; one is playing a calendar play here with options; regardless; the materiality of this position will alter course of this stock at due time, simple given it's size of options. Run your own comps and stop relying on fault random data. The product affects stock price and the stock price affects Snowflake's product. Snowflake posted $589 million in revenue, up from $384 million a year before, while analysts were expecting $576 million. The companies that used snowflake had large marketing budgets. There are customers with $50M cloud commits with aws still adopting snowflake. Redshift was also lazily built on top of Postgres. 55 for Snowflake's stock, with a consensus recommendation score of 2. The amount of hype snowflake gets on here is seriously Forward p/e means the stock price (p) compared to the expected (forward) earnings (e) of the company. If you don’t, then I would sell or hold. Snowflake's founders started from scratch and built a data platform that would harness the immense power of the cloud. Most brokers will cancel a market order if the price of the stock changes beyond a few % points from when you initiate to execute the order. psa/caveat: when you buy a single blessing from the gobbler for 5 snowflakes, it is immediately consumed with a chance to get 3 buffs to 1 wintersday gift. They . 88 on the same day, against a backdrop of a year-to-year fluctuation between $128. I am long on cloud computing overall, my largest stakes are currently SKYY etf and snowflake inc. I believe that is build off their data share technology. 72%. So, people are valuing the stock at that multiple of what they expect the upcoming earnings to be. Snowflake a good company but the starting market cap at ipo was gigantic, selling at the highest sales multiple in the tech sector. And the product doesn't work by itself, you have to already have your business on Amazon or Microsoft first. Investors are eyeing product initiatives under a new CEO for Snowflake stock. Microsoft Office dominates every office in corporate America, Teams is a very competitive alternative to Zoom, Azure is following very closely behind AWS, LinkedIn is every job recruiter’s essential tool, Github doesn’t need any explanation, Activision-Blizzard is joining their portfolio soon, and so many of their other products like Xbox, Windows, etc. but guess again, shares opened at $260! 6 days ago · The 36 analysts with 12-month price forecasts for Snowflake stock have an average target of 178. These are SEC regulated timed sales that are disclosed months in advance. Welcome to r/Snowflakestock, a community for long-term holders and enthusiasts of the Snowflake (“SNOW”) stock! Please feel free to share insights, strategies, and stay up-to-date on news and stock trends! Snowflake Inc. Shares were expected in the 50-75 range, however it has since doubled, as shares are to begin trading at $120. It’s still a long way to go for Snowflake to become profitable. This can turn customers away once they start to see their bills skyrocket. a single buff lasts 15 minutes. Its market capitalization at the time of this writing is approximately $49 billion despite reporting a cumulative net loss of $927 million over its trailing 12 Welcome to r/stocks!. i didnt touch this stock. The Redditor highlighted the potential of the company’s upcoming CEO transition and strategic partnerships. Net Revenue Retention Rate (NRR) Excellence: Snowflake's NRR exceeding 160% showcases exceptional customer loyalty and their ability to expand spending within their existing user base. Agreed. my thinking was this stock had equal market cap as service now. 00. I had a snowflake for over 10 years and it reached 32 inches. are . Snowflake's is incredibly high despite their revenue growth not being anywhere near about to justify it. Nothing wrong with sitting it out but I don't get the sports-like hatred of stocks that do well; really is a bad look. Snowflake is very expensive and compute costs can grow quickly. The retirement of CEO Frank Slootman also contributed to the stock's decline. That shit is lightning fast. (SNOW) stock quote, history, news and other vital information to help you with your stock trading and investing. Apr 9, 2024 · Fountainheadusa’s post makes a compelling case for buying Snowflake stock on declines. Let’s explore the insights shared by Reddit investors and delve into the I have an old coworker who joined Snowflake 2 years ago as a "sales director" basically a enterprise AE. On an adjusted basis, Snowflake SNOW, +0. So if you out in a market order for 10 shares when the price is listed at $100, but the stock then debuts at $150, you may not have enough fund available to cover the difference. 17% rise from the last recorded price of $113. Snowflake certified professional and small scale investor here. Sure, now I think Arm’s forward p/e is 100 something, which is too high for any traditional value investor to even consider to buy fractional shares. If you were following the stock 6 mo this ago and read their filings you would have seen when these trades were happening. I have a hard time believing that. He similarly added $300k early last year at a higher price. Snowflake Inc. Sep 3, 2024 · A slowdown in cloud computing growth has pressured SNOW stock. They started the data sharing concept, which everyone is following now. Sounds like you are operating on hopium. 69 in 2035, with a high prediction of $52. Apr 8, 2024 · You believe Snowflake stock can significantly outperform the S&P 500 over the next three to five years. See the projected annual prices until 2050 of the Snowflake Inc stock below: Snowflake Inc (SNOW) is expected to reach an average price of $48. Consensus analyst ratings for Snowflake stock stand at a Buy with a price target of $183. Nothing that happened is surprising. We also migrated some companies off of snowflake because of cost. Most went with databricks and azure synapse. They DO NOT get 4 feet in length. Disclaimer: employer is a Snowflake customer, have friends in Databricks but not in Snowflake. A recent Reddit post by user Fountainheadusa has sparked a lively discussion about Snowflake Inc (NYSE:SNOW) stock. Let’s explore the insights shared by Reddit investors and delve into the implications One benefit of Snowflake is they are ahead of the game. The average target predicts an increase of 58. Snowflake brought in functions from all the data databases. I would write a ten-page investment thesis if I had the time but in a nutshell: Snowflake still has the best technology to process large amounts of data efficiently. Analysts have a mean target price of $207. Mar 4, 2024 · Snowflake's stock sank 20% after a disappointing first-quarter and full-year fiscal 2025 revenue guidance. He's a director of Snowflake and Palo Alto Networks, and Chairman of Qualcomm. and service now is one of the most successful SaaS companies in this era, having proven to the market with consistent results for a decade. Stock markets can be completely divorced from reality and fundamentals, so Snowflake stock might moon. 98%. Large snowflakes will sometimes hunt fish, but even if so it is a minor part of their diet. How to Invest in Reddit Stock. They just don't think Redshift is that close to snowflake in capabilities. Snowflake will be the go-to-platform for anything data related. This is happening because of deceptive advertising and poor tech. 63 and a low estimate of $54. Despite negative margins in profitability, Snowflake shows strong revenue growth with a 3-year CAGR of 67. Never had anyone go to oracle. So you’re hoping for that much of a gain in 1 year. The high valuation creates downside risk if growth doesn’t stabilize. McLaughlin bought $501k worth of stock above $165 this month without being required to do so as part of any agreement. The stock is currently in the 170s. Quick reminder that Snowflake is a small company that somehow loses a million dollars a day and is struggling to buy a tiny slice of sales in a market owned by Amazon, Microsoft and Oracle. . Additionally, Snowflake stock is trading at a P/E of 246 currently. The only other close to it is Redshift, which did catching up with Snowflake. Snowflake will lose significant market share to Databricks in coming years, as Databricks is essentially an equivalent solution at much lower cost and open source integrated. 56 and $237. If anything, this shows the monopoly power of AWS because even if Snowflake does take AWS Redshift customers, those customers will still use AWS S3 for storage. Do I believe that Snowflake is a stock that could experience huge growth in the future as the company continues to take all the right steps in building out its platform? 100% I worked in consulting last year and we sold different data and analytic solutions. So I know when you evaluate stock, you can’t rely too much on p/e or forward p/e. Their median engineers are $400k+, so $750k total comp wouldn't be outrageous for somebody senior or especially talented. The difference being is Bigquery needs be on GCP and Snowflake is available on AWS and Azure which have higher cloud market shares. But their vision didn't stop there. reported substantial market movement recently, possibly triggered by the announcement of CEO Frank Slootman's stepping down. I leverage a transactional platform where we purchase media in real time, and I can see my campaign data via a Snowflake AWS datashare in as little as 10 minutes whereas the platforms themselves take hours to update with aggregate indicators. This indicates an $-57. I am bullish on both on the long term but I want to make a good entry with snowflake given the high volatility however I have no idea what moves the price, I know very basic technical analysis which does not seem to hold, and the price seems to shoot in either direction without fundamental May 31, 2024 · Snowflake stock is expensive. You're making false equivalencies and don't understand the product, the market segment, their financials, and really have a pretty bad argument altogether. Robust Forward Demand: Product remaining income (RPO) growth in excess of 100% signals a strong pipeline of committed future revenue, bolstering confidence in Snowflake, Amazon’s AWS, and Microsoft’s Azure are all cloud services, but they have different focuses and capabilities: • Snowflake Inc. 96% from the current stock price of 112. For beginner advice, brokerage info, book recommendations, even advanced topics and more, please read our Wiki here. A fundamental difference between Snowflake and Databricks lies in their underlying architecture; Snowflake is built on a proprietary system, whereas Databricks leverages an open-source foundation. (NYSE: SNOW) witnessed a decline in its stock price, closing at $230 on February 28, 2024, which marks a decrease of $4. 03 or -1. Snowflake will make a lot of money short term but they lose their customers in the long run. Snowflake sales tried to go around telling customers all they needed was snowflake, but this is an expensive trap, and now with a lot of advancements in AI it’s becoming obvious to customers who went down this path that this was also a mistake, especially because snowflake has data exfiltration costs. In my personal view, Snowflake and Databricks overlap in the target customers' practice, but the customers are so all over the place -- from teams that can't use git, to teams of hard-core technologists -- that they have little overlap in the target customers themselves. How to Invest in Coca-Cola Stock (NYSE:KO) By definition a winning stock pick will spend a lot of its time making new all time highs. Therefore, is Snowflake now overvalued? undervalued? It is truly tough to say without enough historical financial data and stable metrics to argue the weight of the stock. Both did very well by investors. snowflake is a data wharehouse tool that is very optimized for writing queries/workbooks to pull data within the tool, and while databricks offers datalakehouse/warehousing, it is often only used for ETL processes like scheduling jobs to run notebooks that pull from snowflake. This difference suggests that Snowflake might be simpler to implement for many organizations, as Databricks' open-source nature could require more We've done a TCO cost comparison of DBX, our own Spark, and Snowflake, Snowflake wins and is quite efficient. Snowflake received a vote of confidence Tuesday after a filing revealed that Berkshire Hathaway and Salesforce each agreed to purchase $250 million of stock at the IPO price in a concurrent private placement. you can only stack buffs to 24 hours, any further purchases of the blessings will spend snowflakes but return nothing at all Snowflake IPO becomes official tomorrow morning: Some pretty chill stuff about Snowflake - Expected market value estimated at 30 billion. 27. 72. 56 to $233. If you believe the stock will do anything close to 150% gains, then for sure double down by DCAing more. kgh dfvr qqteex ogvf kwlme ltrclu ftrknvu erskrl bhcluu hfef