Fintel reports that on January 7, 2025, Wells Fargo upgraded their outlook for Snowflake (BIT:1SNOW) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 20.73% Upside
As of December 23, 2024, the average one-year price target for Snowflake is €190.22/share. The forecasts range from a low of €112.87 to a high of €448.97. The average price target represents an increase of 20.73% from its latest reported closing price of €157.56 / share.
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The projected annual revenue for Snowflake is 3,697MM, an increase of 8.28%. The projected annual non-GAAP EPS is 1.15.
What is the Fund Sentiment?
There are 1,519 funds or institutions reporting positions in Snowflake. This is an decrease of 113 owner(s) or 6.92% in the last quarter. Average portfolio weight of all funds dedicated to 1SNOW is 0.28%, an increase of 30.52%. Total shares owned by institutions decreased in the last three months by 5.27% to 214,767K shares.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 9,532K shares representing 2.89% ownership of the company. In its prior filing, the firm reported owning 9,516K shares , representing an increase of 0.17%. The firm decreased its portfolio allocation in 1SNOW by 20.01% over the last quarter.
Altimeter Capital Management holds 8,648K shares representing 2.62% ownership of the company. In its prior filing, the firm reported owning 9,551K shares , representing a decrease of 10.44%. The firm decreased its portfolio allocation in 1SNOW by 23.26% over the last quarter.
Sc Us holds 7,487K shares representing 2.27% ownership of the company. In its prior filing, the firm reported owning 7,501K shares , representing a decrease of 0.18%. The firm decreased its portfolio allocation in 1SNOW by 23.20% over the last quarter.
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 5,000K shares representing 1.51% ownership of the company. In its prior filing, the firm reported owning 5,068K shares , representing a decrease of 1.36%. The firm decreased its portfolio allocation in 1SNOW by 22.09% over the last quarter.
Geode Capital Management holds 4,152K shares representing 1.26% ownership of the company. In its prior filing, the firm reported owning 4,013K shares , representing an increase of 3.34%. The firm decreased its portfolio allocation in 1SNOW by 57.49% over the last quarter.
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