Earnings Update: Here's Why Analysts Just Lifted Their Snowflake Inc. (NYSE:SNOW) Price Target To US$176

Simply Wall St.11-22 18:47

The investors in Snowflake Inc.'s (NYSE:SNOW) will be rubbing their hands together with glee today, after the share price leapt 33% to US$171 in the week following its quarterly results. The results ...

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The results ...</p>\n\n<a href=\"https://finance.yahoo.com/news/earnings-heres-why-analysts-just-104718386.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Earnings Update: Here's Why Analysts Just Lifted Their Snowflake Inc. 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(NYSE:SNOW) Price Target To US$176\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-22 18:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/earnings-heres-why-analysts-just-104718386.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The investors in Snowflake Inc.'s (NYSE:SNOW) will be rubbing their hands together with glee today, after the share price leapt 33% to US$171 in the week following its quarterly results. The results ...</p>\n\n<a href=\"https://finance.yahoo.com/news/earnings-heres-why-analysts-just-104718386.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NYSE","symbol_name":"纽交所","start_time":0,"source_url":"https://finance.yahoo.com/news/earnings-heres-why-analysts-just-104718386.html","article_id":"2485029255","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/SoVmzdbdykIW0iha2Adaow--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/f7f8b4185e66ce4ecc9786e684bcd048"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485029255","pubTimestamp":1732272438,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The investors in Snowflake Inc.'s  will be rubbing their hands together with glee today, after the share price leapt 33% to US$171 in the week following its quarterly results. The results were mixed overall, with revenues slightly ahead of analyst estimates at US$942m. Statutory losses by contrast were 2.7% larger than predictions at US$0.98 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.The most important thing to note is the forecast of increased losses next year, suggesting all may not be well at Snowflake. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in l","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate","earning"],"viewcount":null,"language":"en","relate_stocks":{"NYSE":"纽交所","SNOW":"Snowflake"},"translate_title":"盈利更新：这就是分析师刚刚将Snowflake Inc.（纽约证券交易所股票代码：SNOW）目标股价上调至176美元的原因","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NYSE":1,"SNOW":1},"content_text":"The investors in Snowflake Inc.'s (NYSE:SNOW) will be rubbing their hands together with glee today, after the share price leapt 33% to US$171 in the week following its quarterly results. The results were mixed overall, with revenues slightly ahead of analyst estimates at US$942m. Statutory losses by contrast were 2.7% larger than predictions at US$0.98 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year. \n View our latest analysis for Snowflake \n\n\n\n  NYSE:SNOW Earnings and Revenue Growth November 22nd 2024\n \n\n Following the latest results, Snowflake's 45 analysts are now forecasting revenues of US$4.41b in 2026. This would be a sizeable 29% improvement in revenue compared to the last 12 months. Per-share losses are predicted to creep up to US$3.70. Before this earnings announcement, the analysts had been modelling revenues of US$4.36b and losses of US$3.59 per share in 2026. So it's pretty clear consensus is mixed on Snowflake after the new consensus numbers; while the analysts held their revenue numbers steady, they also administered a modest increase to per-share loss expectations. \n Despite expectations of heavier losses next year,the analysts have lifted their price target 6.3% to US$176, perhaps implying these losses are not expected to be recurring over the long term. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Snowflake at US$220 per share, while the most bearish prices it at US$115. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Snowflake shareholders. \n Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that Snowflake's revenue growth is expected to slow, with the forecast 23% annualised growth rate until the end of 2026 being well below the historical 43% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 9.6% per year. Even after the forecast slowdown in growth, it seems obvious that Snowflake is also expected to grow faster than the wider industry. \nThe Bottom Line \n The most important thing to note is the forecast of increased losses next year, suggesting all may not be well at Snowflake. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time. \n Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for Snowflake going out to 2027, and you can see them free on our platform here. \n You should always think about risks though. Case in point, we've spotted   2 warning signs for Snowflake  you should be aware of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485029255"}