SNOW Stock Recent News
SNOW LATEST HEADLINES
Snowflake Inc. (SNOW) closed at $147.21 in the latest trading session, marking a +1.21% move from the prior day.
Nvidia (NASDAQ: NVDA ) has been the AI stock that has stayed hot over the past year, with its latest parabolic run taking it just shy of $1,000 per share. Undoubtedly, there's plenty to look forward to as the newest AI chips come out of the pipeline to feed unprecedented demand.
Snowflake's valuation was irrationally high when it went public, which has caused the stock to trend lower despite incredible business growth. The company is seen as a top AI play, but its growth is counterintuitively expected to drop to its slowest rate ever in the coming year.
While major AI stocks have soared recently, Snowflake and UiPath still offer substantial growth potential at more reasonable prices. Snowflake provides crucial data management tools that power AI, making it a backbone for technology in numerous industries.
Snowflake's data cloud software is critical to AI proliferation. UiPath recently turned a profit amidst growing demand.
In the latest trading session, Snowflake Inc. (SNOW) closed at $151.09, marking a -0.59% move from the previous day.
Snowflake (SNOW) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
KeyBanc initiated coverage with an overweight rating and a $185 price target. The shares sold off sharply following management's first-quarter guidance.
Snowflake offers an intriguing investment opportunity with healthy financials, a user-friendly platform, and a focus on customer value. The new CEO brings AI expertise, aligning with Snowflake's innovation push. Challenges include potential cloud slowdown, competition, and declining customer retention numbers.
Snowflake Inc. (SNOW) closed the most recent trading day at $152.97, moving -1.68% from the previous trading session.