Snowflake에 대한 매도 수량은 투자자에게 Snowflake의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Snowflake (NYSE:SNOW) 주식, 공매도 수량 보고

Snowflake

Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that went public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500. 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 buy and ingest data, while its data solutions can be hosted on various public clouds.

Intrawest Resorts

Analyst Color

Long Ideas

Signals

Analyst Ratings

Tech

Trading Ideas

SNOW

스노우플레이크(NYSE:SNOW)는 최근 형성된 강세 기술적 패턴인 골든 크로스로 시장에서 주목받고 있다. 골든 크로스는 50일 이동 평균선이 200일 이동 평균선을 상향 돌파하는 경우를 말한다.

스노우플레이크가 AI 혁명이 주목을 받으며 주식이 골든 크로스를 형성

News

Markets

Media

ESTC

ORCL

PLTR

웨드부시 애널리스트 댄 아이브스는 AI 혁명에 따른 강력한 성장 잠재력을 언급하며 팔란티어 테크놀로지스(NYSE:PLTR) 목표주가를 75달러로 재확인했다.

댄 아이브스, AI 혁명과 매출 급증 속 팔란티어 목표주가 75달러 유지

Equities

Global

웨드부시 증권(Wedbush Securities)은 인공지능(AI) 소프트웨어 부문을 지지한다는 성명을 발표했으며, 댄 아이브스 매니징 디렉터는 2025년이 업계 전반에 걸쳐 AI 구현에 있어 중추적인 해가 될 것이라고 예측했다. 이는 팔란티어 테크놀로지스(NYSE:PLTR)가 놀라운 상승세를 이어가고 있는 상황에서 나온 발표로, 올해 지금까지 288% 상승한 바 있다.

올해 들어 288% 급등한 팔란티어 주가 목표가 댄 아이브스에 의해 $75로 상향 조정

Snowflake Inc

Snow Lake Resources Ltd

Snowline Gold Corp

WIIM

AIOT

AKAM

AKTS

ALRM

ANET

APLD

BBAI

BELFB

BLND

BLZE

COHR

Core Scientific, Inc. - Class A Common Stock

CORZ

CRSR

CTSH

CVLT

DELL

DOCN

DTST

EPAM

FFIV

FSLY

GDDY

IDAI

IMMR

INGM

KEYS

KODK

LASR

LIDR

LITE

MLGO

NOVT

NTAP

ONDS

OPTX

ORKT

OUST

PLUS

POWI

PSTG

RCAT

SHOP

SIMO

SMCI

TRMB

TTMI

TWLO

VNET

VSAT

Shares of companies within the broader tech sector are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

Cloud-based private company Databricks isn't in a <a href="https://www.benzinga.com/general/politics/24/03/37896102/nancy-pelosi-cathie-wood-nvidia-now-share-investments-in-this-pre-ipo-high-growth-artificial-int">rush to go public</a>.
What Happened: While the San Francisco-based company is experiencing growth and was recently valued at $62 billion, 2024 wasn&#8217;t the year to file an initial public offering, Databricks CEO and co-founder Ali Ghodsi said at the recent <a href="https://www.axios.com/2024/12/10/watch-axios-event-ai-sf-summit-2024">Axios </a>AI Summit.
"This year was an election year. We wanted to get some stability — people are worried about interest rates, inflation,&#8221; he said, as reported by <a href="https://techcrunch.com/2024/12/17/its-dumb-to-ipo-this-year-databricks-ceo-explains-why-hes-waiting-to-go-public/">TechCrunch</a>. &#8220;So we said &#8216;Look, it's dumb to IPO this year,&#8217; so we're definitely going to wait.&#8221;
Ghodsi said the recent Series J round allowed some early employees the ability to cash out. The funding round, which was large at $10 billion, could have been larger based on demand, according to Ghodsi.
"I saw this Excel sheet where they kept a tally of all the people that want to invest. It was $19 billion of interest, and I almost fell off the chair,&#8221; he said. 
The original goal was to raise $3 billion to $4 billion, before the company pushed the funding amount higher.
While Databricks didn't choose the IPO route in 2024, the company could be one of many to go public next year.
"The earliest theoretical possibility of an IPO would be next year,&#8221; Ghodsi said, noting that the IPO could also push out to 2026 instead. It's less important to go public now than in past years, he explained.
Ghodsi also recognizes that high interest in artificial intelligence companies and ballooning valuations could signal a potential bubble for the sector.
"I mean, it's peak AI bubble. It doesn't take a genius to know that a company with five people which has no product, no innovation, no IP — just recent grads — (is not) worth hundreds of millions, sometimes billions."
Billion-dollar valuations on AI startups that have no product signal a bubble, Ghodsi added.
Check This Out: 
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent121824">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: A potential IPO of Databricks could come with high investor interest thanks to its high growth and <a href="https://www.benzinga.com/news/24/06/39305440/ai-startup-which-counts-nancy-pelosi-cathie-wood-and-nvidia-among-its-investors-forecasts-2-4b-annua">popular backers</a>, including Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), U.S. Rep. Nancy Pelosi (D-Calif.) and Cathie Wood.
Pelosi and her venture capitalist husband Paul Pelosi took a $1 million to $5 million stake in the company according to a filing from the former Speaker earlier this year.
Pelosi represents District 11 of California in the U.S. House of Representatives. The region includes San Francisco, where Databricks is based.
Wood and Ark Invest own a stake in the company through the Ark Venture Fund (ARKVX), which <a href="https://www.benzinga.com/markets/cryptocurrency/22/02/25420755/ark-funds-launching-new-fund-that-could-invest-in-private-companies" target="_blank" rel="noreferrer noopener">launched in 2022</a>&nbsp;and gives investors access to private companies. Databricks is the tenth largest <a href="https://www.ark-funds.com/funds/arkvx#hold">holding </a>in the fund as of Nov. 30, representing 3.6% of assets.
Nvidia has been an investor and partner in the company for several years. Companies that have gone public via SPAC merger or IPO, and later disclose Nvidia as an investor, have <a href="https://www.benzinga.com/news/24/07/39860370/serve-robotics-stock-rises-after-nvidia-discloses-10-stake">seen shares rise</a> with increased investor interest.
Databricks&nbsp;<a href="https://www.databricks.com/company/newsroom/press-releases/databricks-raises-series-i-investment-43b-valuation#:~:text=San%20Francisco%2C%20CA%20%E2%80%94%20September%2014,price%20per%20share%20at%20%2473.50." target="_blank" rel="noreferrer noopener">raised&nbsp;</a>$500 million in funding in September 2023 with the company valued at $43 billion.&nbsp;T. Rowe Price Group Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) led the investment round.
Other investors in the <a href="https://www.benzinga.com/startups/23/10/35065151/databricks-valuation-skyrockets-to-43-billion-techs-new-powerhouse-backed-by-nvidia-and-capital-one">September funding round</a> included&nbsp;Andreessen Horowitz, Baillie Gifford, ClearBridge Investments, Fidelity Management, Franklin Templeton, Counterpoint Global, Ontario Teachers&#8217; Pension Plan&nbsp;and&nbsp;Capital One Financial Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>).
Databricks competes with Snowflake Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), which went public at $120 per share in 2020. The company saw shares open at $245 due to huge demand. Snowflake stock is down 11% year-to-date.
Ghodsi hinted that Databricks is focusing on its rivalry with Snowflake to gain new business.
"We had a program called ‘SnowMelt.' We were going after Snowflake and we demonized them, but that's behind us," Ghodsi said at the Axios event. Databricks is also working on competing with larger companies like Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) according to the report.
Data and AI will be more important in people's lives going forward and Databricks is well-positioned to take advantage of this trend, Ghodsi predicts.
The company expects to hit positive free cash flow for the first time and have a $3 billion revenue run rate for the fiscal year ending Jan. 31.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42538504/biden-endorses-ban-of-congressional-stock-trading-nobody-in-the-congress-should-be-able-to-make-money-in-the-stock-market-while-in-office">Biden Backs Congressional Stock Trading Ban: &#8216;Inside Track&#8217; To Wealth</a></li>
</ul>
Image: Shutterstock

Politics

IPOs

MSFT

NVDA

TROW

Nancy Pelosi, Cathie Wood, Nvidia-Backed Databricks Waits To Go Public: 'Dumb To IPO' In Election Year

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

Price Target

Piper Sandler Maintains Overweight on Snowflake, Maintains $185 Price Target

Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) is turning heads in the market with its recently formed <a href="https://www.benzinga.com/topic/golden-cross">a Golden Cross</a> — a bullish technical pattern where the 50-day moving average crosses above the 200-day moving average.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="493" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16124327/Screenshot-2024-12-16-at-11.06.05-PM.png" alt="" class="wp-image-694364" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16124327/Screenshot-2024-12-16-at-11.06.05-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16124327/Screenshot-2024-12-16-at-11.06.05-PM-300x235.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121624&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
At $168.97, the stock price reflects strong momentum, sitting well above both the 50-day SMA (simple moving average) of $138.86 and the 200-day SMA of $138.20. 
The MACD (moving average convergence/divergence) indicator stands at a bullish 10.42, reinforcing the stock's upward trajectory.
However, short-term signals present a mixed bag. The eight-day SMA of $174.70 suggests some selling pressure, while the 20-day SMA at $167.46 aligns with a bullish signal, hinting at near-term consolidation. 
With an RSI (relative strength index) of 60.03, Snowflake stays in neutral territory, leaving room for further upward movement.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42171519/snowflake-elastic-poised-for-ai-revolution-gains-analyst-upgrades-the-stocks">Snowflake, Elastic Poised For AI Revolution Gains, Analyst Upgrades The Stocks</a>
<h2 class="wp-block-heading">Snowflake&#8217;s AI Advantage</h2>
Jefferies has raised its price target to $200, naming Snowflake a top <a href="https://www.benzinga.com/topic/artificial-intelligence">AI</a> pick for 2025, <a href="https://www.investing.com/news/analyst-ratings/snowflake-stock-a-top-ai-pick-for-2025-says-jefferies-ups-price-target-to-200-93CH-3773617">reported</a> Investing. The firm cites Snowflake's emphasis on AI product development as a key driver for future revenue and backlog growth. 
The company's strong fundamentals, including a 30.28% revenue growth rate and a 67.33% gross profit margin, underscore its potential.
<a href="https://www.benzinga.com/quote/SNOW/analyst-ratings">Other analysts are equally bullish</a>. KeyBanc recently set a $210 price target, and Citi raised its bar to $225, following what it called a "redemption quarter" for the company. 
Both firms highlight Snowflake's ability to capitalize on the surging demand for data and AI-driven solutions, aligning with the broader industry shift toward digital transformation.
<h2 class="wp-block-heading">Snowflake Poised For Long-Term Growth</h2>
With a Golden Cross signaling bullish momentum and Wall Street analysts stacking the deck in its favor, Snowflake appears poised for long-term growth. 
The fusion of strong technicals and AI-fueled optimism cements Snowflake's position as a leader in the evolving data landscape.
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/technicals/24/12/42509206/soundhound-ai-soars-over-700-short-squeeze-potential-has-traders-talking">SoundHound AI Soars Over 700%: Short Squeeze Potential Has Traders Talking</a></li>
</ul>
Image: Shutterstock

Snowflake AI Revolution Gains Traction, Stock Forms Golden Cross

Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) underwent analysis by 30 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">13</td>
<td align="right">11</td>
<td align="right">6</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">9</td>
<td align="right">10</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Snowflake, presenting an average target of $183.47, a high estimate of $225.00, and a low estimate of $125.00. This current average has increased by 8.04% from the previous average price target of $169.82. 
<img src="https://www.benzinga.com/files/images/story/2024/1734372049_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The perception of Snowflake by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brent Thill</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$200.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Patrick Colville</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$220.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$190.00</td>
<td>$172.00</td>
</tr>
<tr>
<td>Eric Heath</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$210.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Patrick Walravens</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$190.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Announces</td>
<td>Outperform</td>
<td>$190.00</td>
<td>-</td>
</tr>
<tr>
<td>Tyler Radke</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$225.00</td>
<td>$183.00</td>
</tr>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$210.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Neutral</td>
<td>$160.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Gregg Moskowitz</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Outperform</td>
<td>$195.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>J. Derrick Wood</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$190.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Brad Zelnick</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$190.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Matthew Hedberg</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$188.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Bradley Sills</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$185.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$172.00</td>
<td>$142.00</td>
</tr>
<tr>
<td>Ittai Kidron</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$180.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Brent Thill</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$180.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$150.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Kirk Materne</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$190.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Eric Heath</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$185.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Blair Abernethy</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$186.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Mike Cikos</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$200.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$185.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Blair Abernethy</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$180.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Tyler Radke</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$183.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Eric Heath</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$150.00</td>
<td>$168.00</td>
</tr>
<tr>
<td>Brian White</td>
<td>Monness, Crespi, Hardt</td>
<td>Announces</td>
<td>Buy</td>
<td>$140.00</td>
<td>-</td>
</tr>
<tr>
<td>Gil Luria</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Buy</td>
<td>$175.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Blair Abernethy</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$180.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Karl Keirstead</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$125.00</td>
<td>$155.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Snowflake. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Snowflake compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Snowflake's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Snowflake's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/SNOW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Snowflake analyst ratings.</a>
<h2>All You Need to Know About Snowflake</h2>
Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that went public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500. 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 buy and ingest data, while its data solutions can be hosted on various public clouds.
<h3>Understanding the Numbers: Snowflake's Finances</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Snowflake's revenue growth over a period of 3 months has been noteworthy. As of 31 October, 2024, the company achieved a revenue growth rate of approximately 28.32%. 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 averages, indicating potential challenges in maintaining strong profitability. With a net margin of -34.42%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Snowflake's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -9.19%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Snowflake's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -4.28%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Snowflake's debt-to-equity ratio is below the industry average. With a ratio of 0.89, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Significance of Analyst Ratings Explained</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About Snowflake Stock

Jefferies analyst Brent Thill maintains Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Buy and raises the price target from $180 to $200.

Jefferies Maintains Buy on Snowflake, Raises Price Target to $200

Financial giants have made a conspicuous bullish move on Snowflake. Our analysis of options history for Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) revealed 26 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 42% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $549,304, and 21 were calls, valued at $1,323,564.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $200.0 for Snowflake over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Snowflake's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Snowflake's whale activity within a strike price range from $100.0 to $200.0 in the last 30 days. 
<h3>Snowflake Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734021994_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</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>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$18.15</td>
<td>$18.0</td>
<td>$18.0</td>
<td>$187.50</td>
<td>$160.2K</td>
<td>570</td>
<td>475</td>
</tr>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$18.5</td>
<td>$17.9</td>
<td>$18.0</td>
<td>$187.50</td>
<td>$158.4K</td>
<td>570</td>
<td>385</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$35.65</td>
<td>$34.5</td>
<td>$34.5</td>
<td>$155.00</td>
<td>$138.0K</td>
<td>279</td>
<td>40</td>
</tr>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.0</td>
<td>$9.65</td>
<td>$10.0</td>
<td>$175.00</td>
<td>$124.0K</td>
<td>1.6K</td>
<td>124</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/27/24</td>
<td>$3.7</td>
<td>$3.5</td>
<td>$3.7</td>
<td>$175.00</td>
<td>$110.9K</td>
<td>509</td>
<td>2.5K</td>
</tr>
</tbody>
</table>

<h3>About Snowflake</h3>
Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that went public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500. 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 buy and ingest data, while its data solutions can be hosted on various public clouds.
Following our analysis of the options activities associated with Snowflake, we pivot to a closer look at the company's own performance.
<h3>Snowflake's Current Market Status</h3>
<ul>
<li>Trading volume stands at 2,012,643, with SNOW's price down by -0.89%, positioned at $170.43.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 76 days.</li>
</ul>
<h3>What Analysts Are Saying About Snowflake</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $186.6.
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&#x2A; Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Outperform rating for Snowflake, targeting a price of $220. 
&#x2A; Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Snowflake with a target price of $188. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Snowflake, which currently sits at a price target of $150. 
&#x2A; Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Snowflake, targeting a price of $185. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Snowflake, targeting a price of $190. 
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Options

Snowflake Unusual Options Activity

Financial giants have made a conspicuous bullish move on Snowflake. Our analysis of options history for Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) revealed 53 unusual trades.
Delving into the details, we found 49% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 13 were puts, with a value of $1,070,410, and 40 were calls, valued at $3,343,807.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $80.0 to $270.0 for Snowflake during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Snowflake stands at 1282.47, with a total volume reaching 20,749.00. 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 $270.0, throughout the last 30 days.
<h3>Snowflake Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733776270_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</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>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/13/24</td>
<td>$54.05</td>
<td>$53.65</td>
<td>$54.0</td>
<td>$128.00</td>
<td>$486.0K</td>
<td>126</td>
<td>90</td>
</tr>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$2.69</td>
<td>$2.59</td>
<td>$2.69</td>
<td>$180.00</td>
<td>$407.0K</td>
<td>949</td>
<td>3.2K</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$40.15</td>
<td>$39.9</td>
<td>$39.9</td>
<td>$155.00</td>
<td>$399.0K</td>
<td>1.3K</td>
<td>100</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$103.7</td>
<td>$97.3</td>
<td>$100.52</td>
<td>$100.00</td>
<td>$261.3K</td>
<td>133</td>
<td>26</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$12.4</td>
<td>$12.35</td>
<td>$12.4</td>
<td>$175.00</td>
<td>$124.2K</td>
<td>3.4K</td>
<td>227</td>
</tr>
</tbody>
</table>

<h3>About Snowflake</h3>
Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that went public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500. 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 buy and ingest data, while its data solutions can be hosted on various public clouds.
<h3>Snowflake's Current Market Status</h3>
<ul>
<li>With a volume of 4,446,960, the price of SNOW is down -0.85% at $182.07. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 79 days.</li>
</ul>
<h3>Professional Analyst Ratings for Snowflake</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $182.6.
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&#x2A; Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Snowflake with a target price of $188. 
&#x2A; An analyst from Wedbush persists with their Neutral rating on Snowflake, maintaining a target price of $160. 
&#x2A; Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Snowflake with a target price of $210. 
&#x2A; An analyst from Citigroup persists with their Buy rating on Snowflake, maintaining a target price of $183. 
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Snowflake with a target price of $172. 
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This Is What Whales Are Betting On Snowflake

Scotiabank analyst Patrick Colville maintains Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Sector Outperform and raises the price target from $170 to $220.

Scotiabank Maintains Sector Outperform on Snowflake, Raises Price Target to $220

Barclays analyst Raimo Lenschow maintains Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Equal-Weight and raises the price target from $172 to $190.

Barclays Maintains Equal-Weight on Snowflake, Raises Price Target to $190

Keybanc analyst Eric Heath maintains Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Overweight and raises the price target from $185 to $210.

Keybanc Maintains Overweight on Snowflake, Raises Price Target to $210

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$145.00</td>
<td>$40.4K</td>
<td>57.0K</td>
<td>142.2K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/06/24</td>
<td>$245.00</td>
<td>$49.4K</td>
<td>35.0K</td>
<td>47.0K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$44.00</td>
<td>$355.5K</td>
<td>6.8K</td>
<td>10.2K</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$180.00</td>
<td>$50.8K</td>
<td>8.3K</td>
<td>9.6K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/06/24</td>
<td>$350.00</td>
<td>$37.6K</td>
<td>4.4K</td>
<td>4.7K</td>
</tr>
<tr>
<td>ON</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$60.00</td>
<td>$47.3K</td>
<td>10.1K</td>
<td>4.6K</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$115.00</td>
<td>$67.6K</td>
<td>6</td>
<td>3.6K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$450.00</td>
<td>$69.7K</td>
<td>22.1K</td>
<td>2.8K</td>
</tr>
<tr>
<td>TXN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$180.00</td>
<td>$74.1K</td>
<td>4.1K</td>
<td>2.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$25.00</td>
<td>$1.1 million</td>
<td>2.5K</td>
<td>1.6K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on December 6, 2024. This event was a transfer of 328 contract(s) at a $145.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $40.4K, with a price of $124.0 per contract. There were 57000 open contracts at this strike prior to today, and today 142252 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on December 6, 2024. This event was a transfer of 1302 contract(s) at a $245.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $49.4K, with a price of $38.0 per contract. There were 35081 open contracts at this strike prior to today, and today 47025 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option trade that happens to be bearish, expiring in 9 day(s) on December 13, 2024. This event was a transfer of 1500 contract(s) at a $44.00 strike. The total cost received by the writing party (or parties) was $355.5K, with a price of $237.0 per contract. There were 6844 open contracts at this strike prior to today, and today 10285 contract(s) were bought and sold. 
• Regarding SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on December 6, 2024. Parties traded 90 contract(s) at a $180.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $50.8K, with a price of $565.0 per contract. There were 8317 open contracts at this strike prior to today, and today 9636 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a put option sweep with bearish sentiment. It expires in 2 day(s) on December 6, 2024. Parties traded 65 contract(s) at a $350.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $37.6K, with a price of $579.0 per contract. There were 4476 open contracts at this strike prior to today, and today 4754 contract(s) were bought and sold. 
• Regarding ON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), we observe a put option sweep with bearish sentiment. It expires in 44 day(s) on January 17, 2025. Parties traded 364 contract(s) at a $60.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $47.3K, with a price of $130.0 per contract. There were 10161 open contracts at this strike prior to today, and today 4619 contract(s) were bought and sold. 
• Regarding MRVL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), we observe a put option sweep with bullish sentiment. It expires in 16 day(s) on December 20, 2024. Parties traded 260 contract(s) at a $115.00 strike. This particular put needed to be split into 52 different trades to become filled. The total cost received by the writing party (or parties) was $67.6K, with a price of $260.0 per contract. There were 6 open contracts at this strike prior to today, and today 3642 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bearish, expiring in 44 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $450.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $69.7K, with a price of $703.0 per contract. There were 22125 open contracts at this strike prior to today, and today 2833 contract(s) were bought and sold. 
• Regarding TXN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), we observe a put option sweep with bearish sentiment. It expires in 44 day(s) on January 17, 2025. Parties traded 504 contract(s) at a $180.00 strike. This particular put needed to be split into 54 different trades to become filled. The total cost received by the writing party (or parties) was $74.1K, with a price of $145.0 per contract. There were 4113 open contracts at this strike prior to today, and today 2140 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option trade that happens to be bullish, expiring in 163 day(s) on May 16, 2025. This event was a transfer of 99 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $1.1 million, with a price of $11883.0 per contract. There were 2530 open contracts at this strike prior to today, and today 1641 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAPL

MRVL

MSTR

10 Information Technology Stocks Whale Activity In Today's Session

JMP Securities analyst Patrick Walravens reiterates Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Market Outperform and maintains $190 price target.

Reiteration

JMP Securities Reiterates Market Outperform on Snowflake, Maintains $190 Price Target

High-rolling investors have positioned themselves bearish on Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in SNOW often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 16 options trades for Snowflake. This is not a typical pattern.
The sentiment among these major traders is split, with 37% bullish and 43% bearish. Among all the options we identified, there was one put, amounting to $242,570, and 15 calls, totaling $4,976,474.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $85.0 and $210.0 for Snowflake, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Snowflake's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Snowflake's whale activity within a strike price range from $85.0 to $210.0 in the last 30 days. 
<h3>Snowflake Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733155225_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>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$36.6</td>
<td>$32.5</td>
<td>$32.55</td>
<td>$165.00</td>
<td>$3.3M</td>
<td>1.4K</td>
<td>1.0K</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$8.25</td>
<td>$8.0</td>
<td>$8.01</td>
<td>$210.00</td>
<td>$881.1K</td>
<td>2.0K</td>
<td>12</td>
</tr>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$2.64</td>
<td>$2.54</td>
<td>$2.54</td>
<td>$150.00</td>
<td>$242.5K</td>
<td>830</td>
<td>956</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/06/24</td>
<td>$2.13</td>
<td>$2.02</td>
<td>$2.13</td>
<td>$177.50</td>
<td>$105.6K</td>
<td>2.6K</td>
<td>997</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$9.85</td>
<td>$9.6</td>
<td>$9.6</td>
<td>$170.00</td>
<td>$96.0K</td>
<td>1.8K</td>
<td>100</td>
</tr>
</tbody>
</table>

<h3>About Snowflake</h3>
Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that went public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500. 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 buy and ingest data, while its data solutions can be hosted on various public clouds.
<h3>Current Position of Snowflake</h3>
<ul>
<li>With a volume of 1,585,748, the price of SNOW is up 0.59% at $175.84. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 86 days.</li>
</ul>
<h3>What Analysts Are Saying About Snowflake</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $175.4.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Keybanc has decided to maintain their Overweight rating on Snowflake, which currently sits at a price target of $150. 
&#x2A; An analyst from Oppenheimer has decided to maintain their Outperform rating on Snowflake, which currently sits at a price target of $180. 
&#x2A; An analyst from TD Cowen has decided to maintain their Buy rating on Snowflake, which currently sits at a price target of $190. 
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Snowflake with a target price of $172. 
&#x2A; An analyst from B of A Securities persists with their Neutral rating on Snowflake, maintaining a target price of $185. 
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>.

A Closer Look at Snowflake's Options Market Dynamics

Deep-pocketed investors have adopted a bullish 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 63 extraordinary options activities for Snowflake. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 46% leaning bullish and 46% bearish. Among these notable options, 20 are puts, totaling $2,084,721, and 43 are calls, amounting to $3,056,613.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $90.0 and $230.0 for Snowflake, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Snowflake options trades today is 2009.72 with a total volume of 27,599.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Snowflake's big money trades within a strike price range of $90.0 to $230.0 over the last 30 days.
<h3>Snowflake Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732648593_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</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>01/16/26</td>
<td>$30.05</td>
<td>$29.75</td>
<td>$30.0</td>
<td>$175.00</td>
<td>$900.0K</td>
<td>680</td>
<td align="right">316</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$23.85</td>
<td>$23.55</td>
<td>$23.79</td>
<td>$165.00</td>
<td>$475.8K</td>
<td>1.4K</td>
<td align="right">203</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$33.95</td>
<td>$33.7</td>
<td>$33.7</td>
<td>$140.00</td>
<td>$316.7K</td>
<td>746</td>
<td align="right">119</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$21.4</td>
<td>$21.15</td>
<td>$21.3</td>
<td>$170.00</td>
<td>$213.0K</td>
<td>9.6K</td>
<td align="right">669</td>
</tr>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$26.15</td>
<td>$25.75</td>
<td>$26.05</td>
<td>$190.00</td>
<td>$197.9K</td>
<td>90</td>
<td align="right">313</td>
</tr>
</tbody>
</table>

<h3>About Snowflake</h3>
Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that went public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500. 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 buy and ingest data, while its data solutions can be hosted on various public clouds.
After a thorough review of the options trading surrounding Snowflake, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Snowflake's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 5,432,893, the SNOW's price is up by 1.18%, now at $173.45. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 92 days.</li>
</ul>
<h3>What The Experts Say On Snowflake</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $167.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Wedbush has decided to maintain their Neutral rating on Snowflake, which currently sits at a price target of $160. 
&#x2A; Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Snowflake with a target price of $150. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Snowflake, which currently sits at a price target of $150. 
&#x2A; An analyst from Oppenheimer has decided to maintain their Outperform rating on Snowflake, which currently sits at a price target of $180. 
&#x2A; An analyst from Mizuho persists with their Outperform rating on Snowflake, maintaining a target price of $195. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Snowflake with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$137.00</td>
<td>$71.2K</td>
<td>18.4K</td>
<td>47.5K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$260.00</td>
<td>$32.3K</td>
<td>53.0K</td>
<td>26.8K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$138.00</td>
<td>$40.0K</td>
<td>2.6K</td>
<td>16.5K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$65.00</td>
<td>$27.5K</td>
<td>7.9K</td>
<td>3.1K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$390.00</td>
<td>$80.1K</td>
<td>1.3K</td>
<td>3.0K</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/06/24</td>
<td>$185.00</td>
<td>$94.6K</td>
<td>3.6K</td>
<td>2.5K</td>
</tr>
<tr>
<td>DDOG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$160.00</td>
<td>$284.0K</td>
<td>2.3K</td>
<td>1.0K</td>
</tr>
<tr>
<td>QUBT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$9.00</td>
<td>$49.8K</td>
<td>796</td>
<td>851</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$157.50</td>
<td>$30.0K</td>
<td>1.0K</td>
<td>838</td>
</tr>
<tr>
<td>PANW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$340.00</td>
<td>$40.7K</td>
<td>536</td>
<td>782</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on November 29, 2024. Parties traded 403 contract(s) at a $137.00 strike. This particular put needed to be split into 236 different trades to become filled. The total cost received by the writing party (or parties) was $71.2K, with a price of $176.0 per contract. There were 18482 open contracts at this strike prior to today, and today 47535 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bullish, expiring in 52 day(s) on January 17, 2025. This event was a transfer of 647 contract(s) at a $260.00 strike. This particular call needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $32.3K, with a price of $50.0 per contract. There were 53058 open contracts at this strike prior to today, and today 26888 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on November 29, 2024. Parties traded 301 contract(s) at a $138.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $40.0K, with a price of $133.0 per contract. There were 2674 open contracts at this strike prior to today, and today 16525 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a call option trade that happens to be bullish, expiring in 10 day(s) on December 6, 2024. This event was a transfer of 100 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $27.5K, with a price of $275.0 per contract. There were 7959 open contracts at this strike prior to today, and today 3167 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option trade with bullish sentiment. It expires in 3 day(s) on November 29, 2024. Parties traded 45 contract(s) at a $390.00 strike. The total cost received by the writing party (or parties) was $80.1K, with a price of $1780.0 per contract. There were 1349 open contracts at this strike prior to today, and today 3035 contract(s) were bought and sold. 
• Regarding SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we observe a call option sweep with bearish sentiment. It expires in 10 day(s) on December 6, 2024. Parties traded 757 contract(s) at a $185.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $94.6K, with a price of $125.0 per contract. There were 3655 open contracts at this strike prior to today, and today 2567 contract(s) were bought and sold. 
• For DDOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), we notice a call option trade that happens to be bearish, expiring in 24 day(s) on December 20, 2024. This event was a transfer of 800 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $284.0K, with a price of $355.0 per contract. There were 2352 open contracts at this strike prior to today, and today 1064 contract(s) were bought and sold. 
• Regarding QUBT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>), we observe a call option trade with bearish sentiment. It expires in 234 day(s) on July 18, 2025. Parties traded 166 contract(s) at a $9.00 strike. The total cost received by the writing party (or parties) was $49.8K, with a price of $300.0 per contract. There were 796 open contracts at this strike prior to today, and today 851 contract(s) were bought and sold. 
• For QCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), we notice a put option trade that happens to be bullish, expiring in 3 day(s) on November 29, 2024. This event was a transfer of 200 contract(s) at a $157.50 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $150.0 per contract. There were 1082 open contracts at this strike prior to today, and today 838 contract(s) were bought and sold. 
• For PANW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), we notice a put option trade that happens to be bearish, expiring in 52 day(s) on January 17, 2025. This event was a transfer of 230 contract(s) at a $340.00 strike. The total cost received by the writing party (or parties) was $40.7K, with a price of $177.0 per contract. There were 536 open contracts at this strike prior to today, and today 782 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DDOG

PANW

QCOM

QUBT

Editor&#8217;s Note: The price of Palantir stock has been updated to reflect its current value of approximately $65.
Wedbush analyst Dan Ives has reaffirmed his $75 price target on Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), citing strong growth potential amid the AI revolution.
What Happened: On Monday, while appearing in a segment of CNBC, Ives argued that the market is undervaluing Palantir&#8217;s potential, especially in the software sector.
He highlighted that the company&#8217;s enterprise solutions could generate billions in revenue, positioning Palantir as a future leader like Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>).&nbsp;
Despite the current market price hovering around $65, Ives remains optimistic about Palantir&#8217;s growth trajectory in the coming years.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42169194/joby-gets-toyotas-500m-dollar-lift-evtol-pioneer-making-new-highs?itm_source=parsely-api">Joby Gets Toyota&#8217;s $500M Dollar Lift: eVTOL Pioneer Making New Highs</a>
He acknowledged the skepticism from bears but maintained that the company&#8217;s advancements in AI and software use cases are unparalleled.
"The haters will continue to hate," Ives said, adding, "They are still underestimating when it comes to the software, the use cases." He continued by saying that there's no product out there that matches what Palantir has done with AIP.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Dan Ives breaks down why <a href="https://twitter.com/search?q=%24PLTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PLTR</a> is just scratching the surface &#x1f44f; <a href="https://t.co/W3hSrOhBAG">pic.twitter.com/W3hSrOhBAG</a>
&mdash; Tom Nash (@iamtomnash) <a href="https://twitter.com/iamtomnash/status/1861125940585082987?ref_src=twsrc%5Etfw">November 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Palantir&#8217;s Advanced Intelligence Platform or AIP, introduced in April 2023, integrates advanced AI features like large language models into the company's Foundry and Gotham platforms. It aims to streamline decision-making in sectors such as defense and intelligence.
Why It Matters: The endorsement from Ives comes as Palantir experiences a remarkable ascent, with its stock <a href="https://www.benzinga.com/news/global/24/11/42156160/palantir-price-target-raised-to-75-by-dan-ives-amid-288-ytd-surge-analyst-calls-2025-a-primetime-year-for-ai">surging 289.928% year-to-date</a>.
Ives has previously raised Palantir's price target to $75, highlighting 2025 as a pivotal year for AI implementation across the industry.
This optimism is shared with other software companies like Elastic NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) and Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), which were also upgraded to Buy ratings.
Despite the bullish outlook, some analysts have <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42039361/palantir-soars-to-150b-market-cap-as-analysts-flag-risks-in-valuation-insider-sales">flagged risks in Palantir&#8217;s valuation</a>. Hedge fund titans like Renaissance Technologies and ARK Investment Management have trimmed their stakes, selling over 3 million shares in the third quarter, although they still hold significant positions.
Palantir&#8217;s third-quarter earnings report <a href="https://www.benzinga.com/news/earnings/24/11/41730179/palantir-q3-earnings-revenue-beat-eps-beat-customers-up-39-raises-guidance-results-driven-by-unrele">showed a revenue beat</a>, with total revenue up 30% year-over-year, driven by &#8220;unrelenting AI demand.&#8221;
U.S. revenue grew 44% year-over-year, with commercial and government sectors showing significant growth, further supporting Ives&#8217; bullish stance.
Price Action: Palantir's stock finished Monday at $64.65, up 0.47% during regular trading. However, it dropped 1.24% in after-hours trading, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Photo by Spyro the Dragon on Shutterstock
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Dan Ives Defends $75 Palantir Target Amid AI Revolution And Revenue Surge: 'Haters Will Continue To Hate' (CORRECTED)

Wedbush Securities analyst Daniel Ives has significantly increased his optimism on the next phase of the AI revolution, focusing on its transformative impact on the software sector.
The analyst projects a monumental shift driven by generative AI adoption, enterprise consumption, and large language model (LLM) launches. As a result, Ives has upgraded Snowflake Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) and Elastic NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) to Outperform and raised price targets for Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) and Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) to reflect their enhanced growth potential.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42141911/amazon-and-anthropic-deepen-4-billion-ai-partnership-with-claude-35-launch" rel="noreferrer noopener">Amazon Strengthens Anthropic Partnership with $8 Billion AI Investment</a>
Ives notes Snowflake has moved past its &#8220;optimization&#8221; phase, citing substantial quarter-over-quarter improvements in product revenue. Snowflake stands to gain from the explosion of AI use cases over the next 12 to 18 months, positioning itself as a pivotal player in the enterprise adoption of generative AI.
The analyst upgraded Snowflake to Outperform, raising its <a href="https://www.benzinga.com/quote/SNOW/analyst-ratings" target="_blank" rel="noreferrer noopener">price target to $190</a>, supported by a 30x long-term free cash flow (FCF) estimate.
For Elastic, Ives highlights its strategic alignment with enterprises shifting to next-generation platforms. Customers are consolidating spending by moving from legacy vendors to Elastic&#8217;s AI-powered solutions bolstered by the company&#8217;s express migration program.
Ives upgraded Elastic to Outperform with a new <a target="_blank" href="https://www.benzinga.com/quote/ESTC/analyst-ratings" rel="noreferrer noopener">price target of $135</a>, based on 8x its fiscal year 2026 enterprise value-to-revenue (EV/Revs) ratio.
Ives raised his <a target="_blank" href="https://www.benzinga.com/quote/PLTR/analyst-ratings" rel="noreferrer noopener">price target for</a> Palantir from $57 to $75, leveraging a 38x long-term FCF target. He cites Palantir&#8217;s groundbreaking AIP strategy, which enables enterprises to harness AI across diverse use cases. The company&#8217;s robust product suite is expected to drive unprecedented demand as businesses increasingly recognize its value.
Ives increased his <a target="_blank" href="https://www.benzinga.com/quote/CRM/analyst-ratings" rel="noreferrer noopener">price target for</a> Salesforce from $325 to $375, citing a 28x long-term EBITDA valuation. His research indicates rising customer enthusiasm for Salesforce&#8217;s AI-integrated product offerings, which drive the company&#8217;s next wave of growth.
Ives sees the broader software sector as entering an inflection point, projecting $2 trillion in AI spending in the coming years. With enterprises set to adopt AI at scale by 2025, companies like Snowflake, Elastic, Palantir, and Salesforce are poised to benefit from this unprecedented technological revolution.
Price Actions: SNOW stock is up 3.12% at $172.67 at last check Monday. ESTC is up 3.85%, PLTR is up 0.80% and CRM is down 0.21%.
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</ul>
Photo via Shutterstock

Upgrades

Snowflake, Elastic Poised For AI Revolution Gains, Analyst Upgrades The Stocks

D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>), Quantum Computing Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NYSE">QUBT</a>) and IonQ, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) shares are soaring on Monday. Here&#8217;s what <a href="https://www.benzinga.com//node/41984578">you need to know</a>.
What To Know: Amazon Web Services announced the Quantum Embark Program, which builds on Amazon Bracket.
The program consists of three service offerings. The Use Case Discovery helps customers identify potential business applications for quantum computing. The Technical Enablement workshop provides in-depth knowledge and hands-on experience with quantum computing. Finally, the Deep Dive program focuses on exploring specific quantum computing applications.
Stocks in the quantum industry may be moving higher following Amazon Web Services&#8217; announcement as the expanded program helps businesses understand how quantum computing can address their problems, potentially driving up demand for quantum solutions.
Last week, IonQ <a href="https://www.benzinga.com//node/42047774">showcased</a> a hybrid quantum computing workflow combining its quantum hardware with NVIDIA Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CUDA-Q platform. Additionally, several technology stocks across various sectors rose following Snowflake Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) better-than-expected third-quarter earnings for 2024.
Quantum stocks are buzzing on social media Monday morning. Quantum Computing shares have surged over 235%, D-Wave is up 115% and IonQ has climbed 28% in the past week. 
Related Link: <a href="https://www.benzinga.com/markets/equities/24/11/42153356/is-warren-buffett-preparing-for-a-market-downturn-with-berkshire-hathaways-325b-cash-pile-analys">Is Warren Buffett Preparing For A Market Downturn With Berkshire Hathaway&#8217;s $325B Cash Pile? Analyst Says Internet Bubble And 2008 Crash May Have Lessons</a>
Price Action: At the time of publication, D-Wave Quantum shares are moving 10.1% higher at $3.23, Quantum Computing stock is trading 35.3% higher at $8.3, IonQ stock is moving 3.57% higher at $32.96, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Courtesy of IonQ, Inc.

Movers

IONQ

QBTS

Quantum Industry Stocks Soar: What's Behind the D-Wave, Quantum Computing and IonQ Gains?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Wedbush analyst Daniel Ives upgraded the rating for Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) from Neutral to Outperform and announced a $190 price target. Snowflake shares closed at $167.44 on Friday. <a href="https://www.benzinga.com/quote/SNOW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>DA Davidson analyst Linda Bolton Weiser upgraded The Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) from Neutral to Buy and raised the price target from $160 to $209. Procter &amp; Gamble shares closed at $176.28 on Friday. <a href="https://www.benzinga.com/quote/PG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wolfe Research analyst Andrew Rosivach upgraded the rating for Jones Lang LaSalle Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JLL#NYSE">JLL</a>) from Peer Perform to Outperform and announced a $353 price target. Jones Lang LaSalle shares closed at $263.27 on Friday. <a href="https://www.benzinga.com/quote/JLL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup analyst Keith Horowitz upgraded U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) from Neutral to Buy and boosted the price target from $49 to $65. U.S. Bancorp shares closed at $52.49 on Friday. <a href="https://www.benzinga.com/quote/USB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs analyst Robert Cox upgraded the rating for W. R. Berkley Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>) from Neutral to Buy and announced a $69 price target. WR Berkley shares closed at $62.27 on Friday. <a href="https://www.benzinga.com/quote/WRB/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying SNOW stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="586" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25084918/image-267-1024x586.png" alt="" class="wp-image-663381" style="width:637px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25084918/image-267-1024x586.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25084918/image-267-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25084918/image-267-768x440.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25084918/image-267.png 1121w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Pre-Market Outlook

This Snowflake Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday

Microsoft, Amazon, Google among AI software winners for 2025: Jefferies

Why Snowflake's Future Looks Brighter Than Ever

As we approach year-end, the markets are buzzing with activity, and today is no exception.

Market Insights: AI, Drones, And Big Data Stocks To Watch Now

The investment firm Jefferies has identified Microsoft ($MSFT), Meta Platforms ($META), Amazon ($AMZN), Snowflake ($SNOW), and Alphabet's ($GOOGL) ...

Jefferies Sees These Five Stocks as Potential AI Software Winners in 2025

2025 Analyst Outlook: Julian Lin On Investing Amidst The Tech Bubble

Databricks funding round propels data, AI company to $62B valuation

Jefferies believes the the gap between Databricks and Snowflake (SNOW) is narrowing. Databricks announced over 60% year-over-year growth in Q3 vers...

Jefferies says gap between Databricks and Snowflake is narrowing

Okta, Fortinet, C3.ai in focus as KeyBanc switches ratings

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Snowflake (NYSE:<a href="https://investorplace.com/stock-quotes/snow-stock-quote/">SNOW</a>) just reported results for the second quarter of 2025.<ul><li>Snowflake reported earnings per share of 18 cents. This was above the analyst estimate for EPS of 16 cents.</li><li>The company reported revenue of $868.82 million.</li><li>This was 2.08% better than the analyst estimate for revenue of $851.16 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div>	
	The post <a href="https://investorplace.com/earning-results/2024/08/snow-stock-earnings-snowflake-for-q2-of-2025/">SNOW Stock Earnings: Snowflake Beats EPS, Beats Revenue for Q2 2025</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

SNOW Stock Earnings: Snowflake Beats EPS, Beats Revenue for Q2 2025

Salesforce: My Top Long Idea For 2025

AEHR

AMZN

FTNT

GOOG

GOOGL

INOQ

OKTA

RGTI

SGOV

UMAC

Screenshot 2024-07-23 at 5.32.01 PM

Movers & Shakers

ABNB

FRGE

UBER

Interested In Investing In Private Companies Like OpenAI, But Don&#39;t Have The Capital? Check Out Linqto

Press Releases

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

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

Comments

Snowflake

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Snowflake (NYSE:SNOW) 주식, 공매도 수량 보고

사람들이 또한 지켜본다

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