Snowflake Stock Price Prediction

Snowflake Stock Price Prediction 2024, 2025, 2030, 2040

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If you’re seeking insights into Snowflake Stock Price Prediction or exploring its potential as an investment, this price forecast could provide valuable guidance. Our Snowflake Stock Price Forecast relies on thorough technical analysis and a review of Snowflake’s historical stock performance. Let’s delve into the potential trajectory of Snowflake’s stock in the long term.

However, before we delve into Snowflake’s future price forecast, let’s first examine the company’s business model and financial particulars.

Snowflake Stock Price Prediction 2024, 2025, 2030, 2040

About of Snowflake Inc.

Snowflake Inc. is a leading American cloud-based data company headquartered in Bozeman, Montana. Established in July 2012, it emerged from stealth mode in October 2014.

What Snowflake Does:

  • Provides a cloud-based platform for data storage and analytics.
  • Offers a unified solution for storing, integrating, and analyzing data from diverse sources, irrespective of format or location.
  • Facilitates secure and scalable data exploration, sharing, and governance.

Key Features:

  • Storage and compute separation: Allows independent scaling of storage and compute resources, optimizing performance and cost.
  • On-demand scalable compute: Enables users to adjust compute resources dynamically, eliminating the need for managing physical infrastructure.
  • Data sharing and collaboration: Facilitates secure sharing and collaboration across teams and organizations.

Target Customers:

  • Enterprises of all scales, ranging from small businesses to large multinational corporations.
  • Various industries, including retail, healthcare, finance, government, and more.

Market Position:

  • Acknowledged leader in the cloud data platform market, renowned for its innovation and scalability.
  • Topped the Forbes Cloud 100 list in 2019.

Financials:

  • Listed on the New York Stock Exchange (NYSE) under the ticker symbol “SNOW.”
  • Conducted a successful initial public offering (IPO) in September 2020, raising $3.4 billion.

Additional Information:

AttributeDetails
WebsiteSnowflake
FoundersBenoît Dageville and Thierry Cruanes
CEOFrank Slootman (as of March 2024)
Global WorkforceOver 6,780 employees (as of October 2023)

Snowflake company revenue this year

Snowflake’s fiscal year 2024 revenue figures are yet to be fully disclosed, as their fiscal year concludes on January 31st, and the full financial results for 2024 have not been reported as of March 4, 2024.

Nevertheless, some pertinent details are available:

DateResult
February 22nd, 2024Revenue: $774.7 million, demonstrating a notable 32% year-over-year growth.

Drawing from their prior fiscal year reports, we can make an educated estimate regarding their fiscal year 2024 revenue:

YearRevenue
2023 (ending Jan 31, 2023)$2.066 billion
2022 (ending Jan 31, 2022)$1.219 billion

Hence, leveraging the Q4 2024 performance and historical growth trajectory, it’s plausible to anticipate Snowflake’s fiscal year 2024 revenue to fall within the range of $2.6 billion to $2.8 billion.

However, it’s crucial to acknowledge that this estimate is subject to change once Snowflake officially unveils its complete financial report for 2024, an event anticipated in the forthcoming weeks.

Snowflake Stock Price Prediction 2025

As an emerging player in the IT sector, Snowflake Company is poised for potential growth, especially considering the expected recovery in the IT sector by 2025.

Our analysis suggests that in 2025, the average price of Snowflake Stock could reach $235, with a maximum price potential of $255. In a bullish market scenario, the minimum price of Snowflake Stock may hover around $205.

Snowflake Stock Price Prediction 2030

Industry experts anticipate Snowflake’s revenue to reach $10 billion by 2030. Despite the current negative net profit due to heavy investments in expansion, efficient cost management by the company’s management could pave the way for significant growth in Snowflake’s stock value.

Looking ahead to 2030, our analysis projects that Snowflake Stock could achieve an average price of up to $420, with a maximum price reaching $465. The minimum price projection for Snowflake Stock in 2030 stands at $365.

Snowflake Stock Price Prediction 2040

For investors eyeing long-term prospects, Snowflake Stock holds promise, particularly with the global shift towards digitization and the continuous expansion of its customer base.

While forecasting stock performance for 2040 is challenging, considering the growth trajectory of the IT sector, our analysis indicates that Snowflake Stock could potentially reach a price range of $1150 to $1300 by the year 2040.

Important Note:

These stock price targets are formulated based on the current market conditions, industry trends, company performance, and growth projections. However, it’s essential to note that these targets are subject to change according to market sentiments.

Disclaimer:

Dear readers, please be informed that we are not authorized by SEBI (Securities and Exchange Board of India). The information provided on this platform is purely for informational and educational purposes and should not be construed as financial advice or stock market recommendations. Our stock price predictions are intended for reference purposes only and should be validated by positive market indicators. This study does not consider uncertainties regarding the company’s future or the current market situation. We disclaim any responsibility for financial losses resulting from reliance on the information provided. Our goal is to offer timely updates on the stock market and financial instruments to assist you in making informed investment decisions. We encourage you to conduct your own research before making any investment decisions.

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