FMP
May 15, 2024 1:13 PM - Davit Kirakosyan
BofA Securities analysts reduced the price target on Snowflake (NYSE:SNOW) to $200 from $212, while continuing to give the stock a Neutral rating.
The analysts discussed the expected Q1 results for Snowflake, scheduled for release on May 22. To forecast product revenue, the analysts refer to Similarweb data on total page views from the April BofA Cloud View report, noting a strong correlation (79%) between this data and product revenue. Analyzing trends, they observe that total page views in February were above typical monthly seasonality, showing a 6.2% month-over-month increase, compared to the usual 1.4%.
However, March saw a slight dip with an 11.1% increase, compared to an expected 13%, and April's figures were significantly lower, with a 19.1% decrease month-over-month, compared to an anticipated 10.7% decline.
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...