Replies to post #16045 on Keeping It Simple

[eastunder]

Snowflake stock slides despite full-year guidance hike, solid Q2 print
Investing.com
Thu, Aug 22, 2024, 3:22 AM
https://finance.yahoo.com/news/snowflake-lifts-annual-guidance-q2-210540811.html

Investing.com -- Snowflake (NYSE:SNOW) raised its annual guidance Wednesday after the data analytics company's second-quarter results topped Wall Street estimates as ongoing AI demand fueled demand. However, the company's shares still fell more than 8% in Thursday's premarket trade.

For the three months ended Jul. 31, Snowflake adjusted earnings of $0.19 per diluted share, down from $0.25 a year earlier, on revenue of $868.8M, up from $674.0M a year earlier. That topped analyst estimates of $0.16 on revenue of $851.6M.

Product revenue was reported at $829.3 million, above the consensus estimate of $808.4 million. However, this marks a 2.6% beat, notably lower than the average beat of 3.7% over the past eight quarters.

"The quarter was hallmarked by innovation and product delivery, and great traction in the early stages of our new AI products," the company said.

Snowflake forecast current-quarter product revenue between $850 million and $855 million, compared with analysts' average estimates of $851M.

Looking further ahead, the company guided for fiscal 2025 product revenue of $3.36B, representing growth of 26% from the prior year, which was above a prior forecast for $3.3M in product revenue.

Following the report, analysts at JMP Securities maintained a Market Outperform rating on SNOW shares but trimmed their price target from $235 to $190, due to a "skinnier product revenue beat than historical."

Still, JMP analysts remain bullish about the SNOW story, highlighting several factors: strong core business performance with 30% product revenue growth and notable success in financial services and tech; increased innovation and product delivery under CEO Sridhar Ramaswamy; a large and growing total addressable market projected to reach $342B by 2028; and the company's profitable growth, with FY25 guidance of 26% product growth and a 26% adjusted free cash flow margin.

"Our sense is that there is room to drive further performance across the organization as the company comes up on its four-year anniversary of its September 2020 IPO and closes in on $4B in revenue up from around $500M at the IPO," they wrote.

Separately, Stifel analysts believe the negative stock price reaction is due to the company's "conservative" guidance. Still, they see the Q2 report as a solid one that points to "a stabilizing core business."

"Given solid consumption trends thus far in Q3, we expect these trends should continue to 2H25," they said.

"With this performance being delivered without much AI contribution, as newer products ramp, we believe they should enable Snowflake to modestly accelerate product revenue growth, or at the very least, hold it steady in the upper-20% range," Stifel analysts added.

[eastunder]

SNOW to gap down

[eastunder]

How Snowflake Is Unlocking the Value of Data With Large Language Models

https://blogs.nvidia.com/blog/podcast-snowflake/

[eastunder]

Will Snowflake Stock Rebound? New CEO, Product Initiatives Key
FacebookXLinkedInShare Licensing

https://www.investors.com/news/technology/snowflake-snow-stock-buy-now/?src=A00220

REINHARDT KRAUSE08:45 AM ET 09/30/2024


Think of Snowflake (SNOW) as a proxy on the growth of cloud computing giants. A slowdown in cloud computing growth has pressured SNOW stock. Investors are eyeing new product initiatives and traction in artificial intelligence under a new chief executive for Snowflake stock.

Snowflake sells data analytics and management software that runs on the cloud computing platforms of Amazon.com (AMZN), Microsoft (MSFT) and Alphabet's (GOOGL) Google. Snowflake has been evolving into a cloud data management platform.

Whether Snowflake stock is a buy depends on fundamental and technical factors as well as each investor's own goals, strategy and risk tolerance.

Second quarter Snowflake earnings topped Wall Street targets. But shares fell as the modest beat and guidance underwhelmed investors.

Amid investor concern over stiff competition, SNOW stock has retreated about 42% in 2024. The iShares Expanded Tech-Software Sector ETF (IGV), an industry index that includes many big-cap software companies, is up 10%.

Also, Alphabet's Mandiant cybersecurity unit has been working with Snowflake to remedy a recent hacking incident that impacted customers such as AT&T (T), Ticketmaster and Nieman Marcus.

Meanwhile, while Snowflake's valuation has plunged IBD doesn't put much weight on P/E ratios and other valuation metrics. On the other hand, here are some time-tested trading rules.

SNOW Stock: Databricks Competition

While Amazon and Snowflake have partnered for cloud data services, Google's BigQuery platform is a Snowflake competitor. Also, the Microsoft Fabric cloud data analytics platform looms as a strong new rival.

Further, Snowflake faces stiff competition from privately held Databricks.

"Databricks' data intelligence platform plays in the cloud data management space," said Raymond James analyst Simon Leopold in a report. "And, Databricks' success has likely come in part at Snowflake's expense. In 2023, Databricks' grew sales 50% to $1.6 billion vs. Snowflake's $2.8 billion and 36% growth. Both companies have evolved and have increasingly expanded into each other's respective markets."

Analysts expect Databricks to launch an initial public offering. Timing is unclear.

Meanwhile, Snowflake stock pulled off the largest initial public offering ever by a software company in September 2020. The Snowflake IPO raised $3.4 billion.

Snowflake Stock: New CEO
Shares plunged in February after the software maker reported earnings that beat Wall Street targets but revenue guidance for fiscal 2025 came in well below expectations.

The company announced its chief executive, Frank Slootman, will retire. Snowflake said a former top executive at Alphabet's (GOOGL) Google, Sridhar Ramaswamy, will be its new CEO. Moreover, Snowflake acquired artificial intelligence startup Neeva, where Ramaswamy was CEO, in 2023.

The board of directors authorized the repurchase of up to $2 billion of common stock in February 2023. As of March 1, Snowflake still had $1.4 billion remaining in authorized buybacks. The program expires in March 2025.

Snowflake stock advanced 38% in 2023. The Nasdaq composite jumped 43% amid buzz over generative artificial intelligence and AI stocks. The S&P 500 climbed 24%.

SNOW Stock: Consumption Business Model
Meanwhile, Snowflake's business model is consumption-based. Snowflake revenue is tied to how much data its customers crunch and store. One question is whether consumption-based software stocks are back in favor.

One issue is that customers view Snowflake as expensive if they don't control usage. Some analysts say there's less transparency and predictability than with a subscription-based SaaS business model.

Snowflake customers can share data with their partners across multiple online storage systems using the company's data warehouse. Snowflake also enables easily searchable data to be shared among applications.

Meanwhile, Snowflake and AWS currently have over 6,000 joint customers. About 84% of Snowflake customers run cloud workloads on AWS.

"While Snowflake is multi-cloud, it derives some 85% of its revenues from data analytics jobs deployed on Amazon Web Services, which is also Snowflake's biggest rival with AWS Redshift," UBS analyst Karl Keirstead said in a note.

In 2023, Snowflake committed $2.5 billion in spending on AWS over the next five years as part of a deal. The two companies agreed to expand strategic initiatives by developing industry solutions, deepening product integrations, increasing sales collaboration, and expanding marketing strategies.


Is Snowflake Stock A Buy Or Sell?
Snowflake stock has a Relative Strength Rating of only 10 out of a best-possible 99. The Relative Strength rating shows how a stock's price performance stacks up against all other stocks over the last 52 weeks.

In addition, SNOW stock has an IBD Composite Rating of 23 out of 99, according to IBD Stock Checkup. The best growth stocks have a Composite Rating of 90 or better.

Meanwhile, Snowflake stock had an Accumulation/Distribution Rating of D-plus, according to IBD MarketSmith analysis. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading.

As of Sept. 30, Snowflake stock does not have an entry point and is not in a buy zone. It needs to form a base to be actionable.

(Oh. Ok. IBD. You so boring! NTS: Start slow build JnJ and trk on kiddos)

[eastunder]

SNOW cpps 115.68

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SNOW cpps 118.95

[eastunder]

SNOW

[eastunder]

Will Snowflake Stock Rebound? New CEO, AI Product Initiatives Key
FacebookXLinkedInShare Licensing

REINHARDT KRAUSE10:45 AM ET 10/25/2024

https://www.investors.com/news/technology/snowflake-snow-stock-buy-now/?src=A00220

Think of Snowflake (SNOW) as a proxy on the growth of cloud computing giants. A slowdown in cloud computing growth has pressured SNOW stock. Investors are eyeing new product initiatives and traction in artificial intelligence under a new chief executive for Snowflake stock.

Snowflake sells data analytics and management software that runs on the cloud computing platforms of Amazon.com (AMZN), Microsoft (MSFT) and Alphabet's (GOOGL) Google. Snowflake has been evolving into a cloud data management platform.

Whether Snowflake stock is a buy depends on fundamental and technical factors as well as each investor's own goals, strategy and risk tolerance.

Second quarter Snowflake earnings topped Wall Street targets. But shares fell as the modest beat and guidance underwhelmed investors.

Snowflake Stock: Databricks Competition
Amid investor concern over stiff competition with Databricks, SNOW stock has retreated about 41% in 2024. The iShares Expanded Tech-Software Sector ETF (IGV), an industry index that includes many big-cap software companies, is up 15%.

Jefferies analyst Brent Thill recently attended Snowflake's World Tour in New York City.

In a report, Thill said: "Based on our conversations with customers and partners at the event, reports that SNOW is massively losing share to its biggest private competitor appear to be overblown." He added "SNOW is going all in on innovations to help its customers create AI applications, but those applications will take time to roll out."

Analysts expect Databricks to launch an initial public offering. Timing is unclear.

Also, Alphabet's Mandiant cybersecurity unit has been working with Snowflake to remedy a recent hacking incident that impacted customers such as AT&T (T), Ticketmaster and Nieman Marcus.

Meanwhile, while Snowflake's valuation has plunged IBD doesn't put much weight on P/E ratios and other valuation metrics. On the other hand, here are some time-tested trading rules.

SNOW Stock: New CEO
While Amazon and Snowflake have partnered for cloud data services, Google's BigQuery platform is a Snowflake competitor. Also, the Microsoft Fabric cloud data analytics platform looms as a strong new rival.

Meanwhile, Snowflake stock pulled off the largest initial public offering ever by a software company in September 2020. The Snowflake IPO raised $3.4 billion.

Shares plunged in February after the software maker reported earnings that beat Wall Street targets but revenue guidance for fiscal 2025 came in well below expectations.

The company announced its chief executive, Frank Slootman, will retire. Snowflake said a former top executive at Alphabet's (GOOGL) Google, Sridhar Ramaswamy, will be its new CEO. Moreover, Snowflake acquired artificial intelligence startup Neeva, where Ramaswamy was CEO, in 2023.

SNOW Stock: Consumption Business Model
Meanwhile, Snowflake's business model is consumption-based. Snowflake revenue is tied to how much data its customers crunch and store. One question is whether consumption-based software stocks are back in favor.

One issue is that customers view Snowflake as expensive if they don't control usage. Some analysts say there's less transparency and predictability than with a subscription-based SaaS business model.

Snowflake customers can share data with their partners across multiple online storage systems using the company's data warehouse. Snowflake also enables easily searchable data to be shared among applications.

Meanwhile, Snowflake and AWS currently have over 6,000 joint customers. About 84% of Snowflake customers run cloud workloads on AWS.

"While Snowflake is multi-cloud, it derives some 85% of its revenues from data analytics jobs deployed on Amazon Web Services, which is also Snowflake's biggest rival with AWS Redshift," UBS analyst Karl Keirstead said in a note.

In 2023, Snowflake committed $2.5 billion in spending on AWS over the next five years as part of a deal. The two companies agreed to expand strategic initiatives by developing industry solutions, deepening product integrations, increasing sales collaboration, and expanding marketing strategies.


Is Snowflake Stock A Buy Or Sell?
Snowflake stock advanced 38% in 2023. The Nasdaq composite jumped 43% amid buzz over generative artificial intelligence and AI stocks. The S&P 500 climbed 24%.

Snowflake stock has a Relative Strength Rating of only 2 out of a best-possible 99. The Relative Strength rating shows how a stock's price performance stacks up against all other stocks over the last 52 weeks.

In addition, SNOW stock has an IBD Composite Rating of 31 out of 99, according to IBD Stock Checkup. The best growth stocks have a Composite Rating of 90 or better.

Meanwhile, Snowflake stock had an Accumulation/Distribution Rating of B-minus according to IBD MarketSmith analysis. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading.

As of Oct. 25, Snowflake stock does not have an entry point and is not in a buy zone. It needs to form a base to be actionable.

Further, check out IBD Stock Lists and other IBD content to find dozens more of the best stocks to buy or watch.

[eastunder]

SNOW cpps 123.41

Open Gaps
Direction Date range
up Nov-06-2024 117.34 to 118.8
up Oct-04-2024 110.81 to 111.1489

[eastunder]

SNOW cpps 121.22 117.34 Gap

up Nov-07-2024 121.75 to 122.02 ✔️ Filled 11/8/24
up Nov-06-2024 117.34 to 118.8
up Oct-04-2024 110.81 to 111.1489

[eastunder]

SNOW cpps 122.94

GAP 117.34, 110.81

 CP: 400   50  50  50  / 400  25 50  50  50                 
 NB: 100   25  25  25  / 100  -  25  25  25               
 T:  500   250 250 250 / 500  25 250 250 250 

SNOW

[eastunder]

SNOW cpps 125.05

Gap 117.34 Earnings due 10/20 A

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Snowflake Agrees to Acquire Open Data Integration Platform, Datavolo
Acquisition will supercharge data engineering on Snowflake’s platform with simple, scalable, and cost-effective unstructured data ingestion in the AI Data Cloud


November 20, 2024 04:07 PM Eastern Standard Time

No-Headquarters/BOZEMAN, Mont.--(BUSINESS WIRE)--Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced it has signed a definitive agreement to acquire Datavolo, the company built to rapidly accelerate the creation, management, and observability of multimodal data pipelines for enterprise AI1. With this acquisition, Snowflake will deepen its service in the ‘bronze layer’ of the data lifecycle and will deliver a simple way for data engineering teams to integrate all of their enterprise systems with Snowflake’s unified platform, where they can then unlock data for AI and ML, apps and analytics, and leverage the scale, performance, and built-in governance of the AI Data Cloud. Together, Datavolo and Snowflake will both simplify data engineering workloads and deliver unmatched data interoperability and extensibility - a building block for effective enterprise AI.

“By joining forces with Snowflake, we can empower our customers with the immense scale and radical simplicity of Snowflake’s platform, ultimately unlocking data engineering for more users.”

“Simplicity and time-to-value are core to Snowflake’s ethos. By bringing Datavolo into the Snowflake fold, we are expanding how much of the data lifecycle Snowflake captures - unlocking both simplicity and cost savings for our customers, without any sacrifice to data extensibility,” said Sridhar Ramaswamy, CEO of Snowflake. “We are excited to have the Datavolo team join Snowflake as we accelerate what is the best platform for enterprise data - unstructured and structured, batch and streaming - and dedicated to the success of the open source community.”

Powered by Apache NiFi, a project for secure data processing and distribution originally open sourced by the National Security Agency (NSA) and now used by more than 10,000 enterprises, Datavolo provides a single platform for automating and managing both structured and unstructured data flows between various enterprise data sources. Once fully integrated into the Snowflake platform, Datavolo will form the basis of Snowflake’s open and extensible connectivity platform for structured and unstructured data, allowing Snowflake to further its offering at the “bronze layer” for data engineering workloads. Users will be able to replace the complexity and maintenance burden of single-use, point-to-point connectors with fast, flexible, reusable pipelines that allow customers to more seamlessly move unstructured and structured data from cloud and on-premise sources to Snowflake’s AI Data Cloud. The fully managed connectivity layer can be seamlessly deployed inside Snowflake Virtual Private Cloud (VPC) and in customers’ own VPC through a Bring Your Own Cloud model.

“Data engineering at scale can be incredibly costly and complex, and our aim has always been to simplify experiences for our customers so they can achieve value faster,” said Joe Witt, Co-founder and CEO of Datavolo and co-creator of Apache NiFi. “By joining forces with Snowflake, we can empower our customers with the immense scale and radical simplicity of Snowflake’s platform, ultimately unlocking data engineering for more users.”

With its wide use across federal organizations, Snowflake’s acquisition of Datavolo also aims to accelerate Snowflake’s business in the public sector. Snowflake plans to continue to maintain & nurture the Apache NiFi project with the close of the acquisition, deepening its support of open standards and empowering both Snowflake customers and the NiFi community with full interoperability, regardless of where their data resides. NiFi users can benefit not only from Snowflake’s easy, efficient, and trusted data foundation for AI, but also from the unified security and governance of Snowflake’s fully managed platform.

[eastunder]

Snowflake Reports Financial Results for the Third Quarter of Fiscal 2025

Product revenue of $900.3 million in the third quarter, representing 29% year-over-year growth
Net revenue retention rate of 127%
542 customers with trailing 12-month product revenue greater than $1 million
754 Forbes Global 2000 customers
Remaining performance obligations of $5.7 billion, representing 55% year-over-year growth


November 20, 2024 04:05 PM Eastern Standard Time
No-Headquarters/BOZEMAN, Mont.--(BUSINESS WIRE)--Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced financial results for its third quarter of fiscal 2025, ended October 31, 2024.

“Our obsessive drive to produce product cohesion and ease of use has built Snowflake into the easiest and most cost effective enterprise data platform. That is what’s leading us to win new logo after new logo, expand within our customer base, and displace our competition over and over again.”

Post this
Revenue for the quarter was $942.1 million, representing 28% year-over-year growth. Product revenue for the quarter was $900.3 million, representing 29% year-over-year growth. Net revenue retention rate was 127% as of October 31, 2024. The company now has 542 customers with trailing 12-month product revenue greater than $1 million and 754 Forbes Global 2000 customers, representing 25% and 8% year-over-year growth, respectively. Remaining performance obligations were $5.7 billion, representing 55% year-over-year growth. See the section titled “Key Business Metrics” for definitions of product revenue, net revenue retention rate, customers with trailing 12-month product revenue greater than $1 million, Forbes Global 2000 customers, and remaining performance obligations.

“Snowflake delivered a strong third quarter, with product revenue of $900 million, up 29% year-over-year, and remaining performance obligations of $5.7 billion, with year-over-year growth accelerating to 55%,” said Sridhar Ramaswamy, CEO of Snowflake. “Our obsessive drive to produce product cohesion and ease of use has built Snowflake into the easiest and most cost effective enterprise data platform. That is what’s leading us to win new logo after new logo, expand within our customer base, and displace our competition over and over again.”

[eastunder]

SNOW cpps at 170.33 Gap up from 133.55

OoA/ 77krgs/RB if given Opportunity
TRK for pull back down the road for RB

[eastunder]

SNOW cpps 174.75

Open Gaps
Direction Date range
up Nov-21-2024 133.55 to 161.16 (care.
up Nov-06-2024 117.34 to 118.8 (don't care)
up Oct-04-2024 110.81 to 111.1489 (don't care)

200d curr 141, 50d 122
P/e 197

Supports First : 138.23 Second : 113.23

[eastunder]

SNOW

[eastunder]

How Databricks Pounced On AI Opportunity Amid Snowflake, Palantir Rivalries
FacebookXLinkedInShare Licensing

Databricks info

REINHARDT KRAUSE08:00 AM ET 02/11/2025

https://www.investors.com/news/technology/databricks-snowflake-palantir-rivalry-artificial-intelligence/?src=A00220

Enterprise software maker Databricks found itself in the catbird seat when much of corporate America scrambled to make artificial intelligence a bigger part of their business strategies. But competition has also intensified with rival Snowflake (SNOW) and Palantir Technologies (PLTR) as they help companies make their proprietary data actionable in new ways.

Torrid growth has put San Francisco-based Databricks, a maker of data analytics and data management software, on Wall Street's radar. But the software maker hasn't announced plans for an initial public offering yet and it might not happen in 2025.

What's clear is that Databricks, founded by seven data scientists from the University of California, Berkeley, is on a roll, with revenue growing at 60% year-over-year.

At UC Berkeley, Databricks founders created Apache Spark — open source software for data storage and analysis. Started in 2013, Databricks quickly won over computer engineers with its software, optimized for cloud computing and more advanced than traditional relational databases.

Already growing fast, the company moved quickly to capitalize on the emergence of "generative"AI and ChatGPT-type conversational co-pilots. Many companies now want to search their proprietary data to gain new business insights and a competitive edge.

Custom AI Model Training Solutions
But first, corporate data needs to be organized and made reliable so it can used for training AI systems. Databricks offers tools for companies to customize off-the-shelf, large language models (LLMs) with their proprietary data.

"We started in the machine learning, data science world. We were doing AI before AI was cool," Databricks Chief Revenue Officer Ron Gabrisko told IBD in an interview. He added: "We have several hundreds of millions of dollars (of revenue) in the AI, machine learning, data science space."

Databricks expected its annualized revenue run rate to cross $3 billion in the December quarter. In the September quarter, its new data warehousing product achieved a $600 million revenue run rate, growing 150%.

Gabrisko rattled off a few examples of Databricks customers in the AI space. Biotech firm Regeneron (REGN) discovered a new liver cancer cure using genome data and Databricks tools, he said, while large retail customers predict inventory needs.

Other Databricks customers using AI include Mastercard (MA), electric vehicle maker Rivian and Shell, he added.

"We call it data intelligence. AI isn't really valuable without your data, at least in the enterprise," Gabrisko added. "The new trend with LLMs is making it easier to interact with data sets. We think the market is going to consolidate around this concept of data intelligence where you have all these AI use cases."

"Databricks has become the key partner for Fortune 500 customers in their gen AI journeys and is one of the hottest private companies in tech," said a Wolfe Research report.

In December, Databricks raised $10 billion in a funding round that valued it at $62 billion. It also recently added $5.25 billion in debt financing. So there's no pressing need for an IPO.

In addition to Snowflake, an emerging rival in business intelligence is Palantir. Palantir stock has surged.

Meanwhile, Snowflake stock has been pressured by views Dataricks is gaining market share.

"The gap between Databricks and Snowflake is narrowing, with Databricks announcing a $3 billion revenue 2025 run rate versus Snowflake at $3.8 billion," said a Jefferies report.

Snowflake Rivalry Intensifies
In 2020, Snowflake pulled off the largest IPO by a software company. The Snowflake IPO in 2020 raised $3.4 billion. But Databricks might top that when it goes public.

Backed by venture capital firm Andreessen Horowitz, Databricks and Snowflake came to market from different starting points. But the two companies have converged.

Snowflake's data warehouse technology focused on transactional "structured" data from spreadsheets, financial records or customer information.

Databricks builds "data lake" technology. It's geared for structured data as well as "unstructured" data such as images, social media posts, emails, audio files and sensor data.

For Snowflake, the problem is that amid the emergence of generative AI the market is clearly shifting to data lakes from data warehouses.

"Many trends (data lakes, open formats, unstructured data) appear to favor Databricks," said a UBS report.

AI Competition Intensifies
Still, Snowflake seems to be waging a counterattack under a new chief executive. Snowflake stock has gained 20% in 2025.

Gabrisko pulled no punches in talking about the rivalry.

"I would say Snowflake has a good cloud data warehouse," he said. "They kind of missed the boat with data lakes with AI and machine learning. I would say we're at least five years ahead of them in terms of innovation. Most of our customers would consider snowflake legacy technology. We've migrated over 200 customers from Snowflake to Databricks including eight of their top 10 customers."

Meanwhile, Databricks acquired AI startup Mosaic for $1.3 billion in 2023. The purchase enabled Databricks to build its own LLM called DBRX.

Generative AI relies on LLMs, which require massive amounts of data to be trained. Large language models allow users to interact with AI systems without the need to write algorithms.

In the enterprise market, organizations have been developing small language models, or SLMs, using company data. The rise of free open-source models along with improved data science is making small language models more economical.

Also, Databricks has shelved plans to build more LLMs and is working closely with Facebook-parent Meta Platforms (META), which is a leading developer of open-source models. Meanwhile, Palantir is working with Anthropic and Elon Musk's xAI.

Databricks Acquisition Spree, Financials
Aside from Mosiac, well-funded Databricks has made other acquisitions. They included data management startup Tabular for reportedly $1 billion in June 2024.

Meanwhile, other deals included Arcion, Einblick, Lilac, Rubicon, Okera, and bit.io.

With the deals and internal hiring, Databricks has grown to more than 9,700 employees. Ahead of a possible IPO, it generates positive free cash flow, a key financial metric.

What's more, Databricks has over 12,000 customers, including 500 that generate over $1 million in annual recurring revenue. While Databricks works with all the big cloud platforms, Microsoft (MSFT) is a key partner.

Further, Gabrisko says it's early days in enterprise AI adoption.

"We have 12,000 customers. But we're only touching a smallish percentage of their overall data estate," Gabrisko said.

He added: "There's lots of data still on premise or in other systems. So I think the market's massive, and the amount of data increases every single day. Databricks is the innovation leader in data intelligence and we're growing faster than any other software company. And again, I think a big reason is the (market's) future is a lake house and data intelligence with AI — making forward looking predictions on any data specific to your enterprise."

[eastunder]

SNOW close 166.19 (183.92 AH ) +17.51 on earnings

[eastunder]

SNOW 158.72, 135.55, 117.34 and 110.81 Gaps

Open Gaps
Direction Date range
up Mar-24-2025 158.72 to 160.79
up Nov-21-2024 133.55 to 161.16
up Nov-06-2024 117.34 to 118.8
up Oct-04-2024 110.81 to 111.1489

[eastunder]

Oppenheimer Adjusts Snowflake Price Target to $210 From $220, Maintains Outperform Rating

[eastunder]

SNOW 209.15

(Will gap today as well 210.82)

Open Gaps
Direction Date range
up May-22-2025 184.09 to 191.99
up May-12-2025 176.358 to 177.67
up May-01-2025 159.55 to 164.383
up Apr-23-2025 141.49 to 146.31

[eastunder]

SNOW

8-24-25

196.81

Snowflake, Inc (Nyse: SNOW)

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