Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally. The company’s platform includes artificial intelligence (AI) Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data applications, and share data and data products, as well as applies AI for solving business problems. It serves financial services, advertising, media and entertainment, retail and consumer goods, healthcare and life sciences, manufacturing, technology, telecom, travel and hospitality, and government and defense industries, as well as the public sector. The company was formerly known as Snowflake Computing, Inc. and changed its name to Snowflake Inc. in April 2019. Snowflake Inc. was incorporated in 2012 and is based in Bozeman, Montana.
AI-Driven Growth | Snowflake's integration of AI capabilities is driving significant growth, influencing 50% of new logo wins and featuring in 25% of deployed use cases |
Market Expansion | Explore Snowflake's potential as its total addressable market is projected to grow from $170 billion in 2024 to $355 billion by 2029 |
Analyst Optimism | Average price target of $242, with projections ranging from $192 to $283, reflecting confidence in Snowflake's future performance and market position |
Strategic Acquisitions | Delve into Snowflake's $250 million acquisition of Crunchy Data, enhancing its Postgres ecosystem support and expanding its competitive edge in the database market |
Metrics to compare | SNOW | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipSNOWPeersSector | |
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P/E Ratio | −60.7x | −0.9x | 12.1x | |
PEG Ratio | 1.72 | 0.03 | 0.01 | |
Price/Book | 35.3x | 3.2x | 2.4x | |
Price / LTM Sales | 20.4x | 3.9x | 2.4x | |
Upside (Analyst Target) | 9.2% | 21.8% | 15.7% | |
Fair Value Upside | Unlock | 16.6% | 3.5% | Unlock |