Snowflake Stock – Evercore ISI Stick to Their Buy Rating for Snowflake By Fintech Zoom
Evercore ISI analyst Kirk Materne maintained a Buy rating on Snowflake on Friday, setting a price target of $311, which is approximately 29.26% above the present share price of $240.6.
Materne expects Snowflake to post earnings per share (EPS) of -$0.70 for the second quarter of 2021.
The current consensus among 22 TipRanks analysts is for a Moderate Buy rating of shares in Snowflake, with an average price target of $278.21.
The analysts price targets range from a high of $320 to a low of $240.
In its latest earnings report, released on 04/30/2021, the company reported a quarterly revenue of $228.91 million and a net profit of -$205.6 million. The company’s market cap is $71.24 billion.
According to TipRanks.com, Evercore ISI analyst Kirk Materne is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 26.7% and a 82.44% success rate.
Founded in 2012, Snowflake Inc. is a cloud-based company which provides a data platform in the United States and internationally. The company’s platform enables customers to consolidate data into a single source to drive meaningful business insights, build data-driven applications, and share data.
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