New Buy Rating for Snowflake (SNOW), the Technology Giant
Oppenheimer analyst Ittai Kidron maintained a Buy rating on Snowflake yesterday and set a price target of $250.00.
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According to TipRanks, Kidron is a 4-star analyst with an average return of 5.8% and a 48.49% success rate. Kidron covers the Technology sector, focusing on stocks such as Snowflake, MongoDB, and Twilio.
In addition to Oppenheimer, Snowflake also received a Buy from Goldman Sachs’s Gabriela Borges in a report issued today. However, yesterday, TipRanks – xAI reiterated a Hold rating on Snowflake (NYSE: SNOW).
Based on Snowflake’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $1.28 billion and a GAAP net loss of $309.55 million. In comparison, last year the company earned a revenue of $986.77 million and had a GAAP net loss of $327.47 million
Based on the recent corporate insider activity of 247 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNOW in relation to earlier this year. Last month, Vivek Raghunathan, the SVP, Engineering and Support of SNOW sold 11,801.00 shares for a total of $2,601,294.43.
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