FMP
Jun 6, 2024 5:08 PM - Davit Kirakosyan
KeyBanc analysts reduced their price target for Snowflake (NYSE:SNOW) to $168 from $200 while maintaining an Overweight rating on the stock.
The analysts provided insights following Snowflake's 2024 investor day and the Data Cloud Summit user conference. They expressed increased optimism about the accelerated pace of product innovation, the user-friendly nature of Snowflake's platform, and its strong collaborative and development ecosystem. Conversations with customers about the iceberg feature were promising, though it's too early to determine its net impact on storage revenue and workloads versus new workloads added to the platform.
The analysts noted positive takeaways from the investor session, particularly the potential upside from new products like Cortex, expected to contribute meaningfully in fiscal 2025 despite not being included in current guidance. However, they felt the investor day lacked customer testimonials regarding new product adoption, Snowflake's strategic position in AI, and how iceberg drives incremental workloads. Additionally, they sought clearer explanations from management on why Snowflake will be the preferred platform for AI workloads.
The analysts said they will keep an eye on competitive developments, particularly Databricks' acquisition of Tabular for managed iceberg and its upcoming Data + AI Summit.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...