Latest news with #SnowflakeInc
Yahoo
6 days ago
- Business
- Yahoo
Snowflake Inc. (SNOW) Is 'At The Cusp Of A Breakout,' Says Jim Cramer
We recently published a list of . In this article, we are going to take a look at where Snowflake Inc. (NYSE:SNOW) stands against other stocks that Jim Cramer discusses. Snowflake Inc. (NYSE:SNOW) is a software-as-a-service (SaaS) company. Cramer frequently discusses the stock on his morning show, and he praised its industry as stocks sold off after President Trump's tariff announcements in April. The CNBC host believes Snowflake Inc. (NYSE:SNOW)'s presence in the SaaS industry protects it from inflationary pressures and business disruptions due to the tariffs. Ahead of the firm's fiscal first-quarter earnings report earlier this month, Cramer had been optimistic about its ability to deliver strong results. The optimism was warranted as Snowflake Inc. (NYSE:SNOW)'s $1.4 billion in revenue and 24 cents in adjusted earnings beat analyst estimates. Cramer praised the firm's management: 'Tonight, I've got Snowflake, which is right now at the cusp of a breakout. That's Ramaswamy, he's done a really terrific job.' A software engineer at work, surrounded by a wall of computer monitors connected to a 'Data Cloud' platform. Artisan Partners mentioned Snowflake Inc. (NYSE:SNOW) in its Q1 2025 investor letter. Here is what the firm said: 'During the quarter, we initiated new GardenSM positions in Baker Hughes, Snowflake Inc. (NYSE:SNOW) and Viking. Snowflake is a leading cloud data warehouse and analytics platform, benefiting from the ongoing shift away from on-premise infrastructure. Its cloud-native architecture enables greater scalability, faster performance and improved efficiency for businesses managing large data sets. We see upside as a new management team refines the company's sales and marketing strategy, aligning it with the growing demand for tools that help organizations organize and analyze data. While competition bears watching, we believe Snowflake is well positioned to help its customers structure data to take advantage of increasingly powerful AI models.' Overall, SNOW ranks 11th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of SNOW, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNOW and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Famous Investor Identifies Snowflake (SNOW) as One of the Market's Top Stocks
Josh Brown, an investor who frequently appears on CNBC, recently identified Snowflake Inc. (NYSE:SNOW) as one of his favorite names in the market when he was on the network. Snowflake Inc. (NYSE:SNOW) owns and operates "a cloud-based data platform." Brown is the CEO of Ritholtz Wealth Management. SNOW stock reached a peak of $400 and then steadily declined for three years, Brown noted. However, after reaching a low last September, the shares have "been working really well," Brown reported. He believes that Snowflake Inc. (NYSE:SNOW)can climb further "towards some of (its) older highs." Calling SNOW's first-quarter earnings "fantastic," the investor noted that more than 600 of its customers are paying it at least $1 million annually. The number of customers in that category surged 27% compared with the same period a year earlier, he reported. Finally, Brown's net revenue retention rate of 124% shows that its customers are increasing the amount of money that they spend on SNOW's offerings. While we acknowledge the potential of SNOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNOW and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
6 days ago
- Business
- Yahoo
Famous Investor Identifies Snowflake (SNOW) as One of the Market's Top Stocks
Josh Brown, an investor who frequently appears on CNBC, recently identified Snowflake Inc. (NYSE:SNOW) as one of his favorite names in the market when he was on the network. Snowflake Inc. (NYSE:SNOW) owns and operates "a cloud-based data platform." Brown is the CEO of Ritholtz Wealth Management. SNOW stock reached a peak of $400 and then steadily declined for three years, Brown noted. However, after reaching a low last September, the shares have "been working really well," Brown reported. He believes that Snowflake Inc. (NYSE:SNOW)can climb further "towards some of (its) older highs." Calling SNOW's first-quarter earnings "fantastic," the investor noted that more than 600 of its customers are paying it at least $1 million annually. The number of customers in that category surged 27% compared with the same period a year earlier, he reported. Finally, Brown's net revenue retention rate of 124% shows that its customers are increasing the amount of money that they spend on SNOW's offerings. While we acknowledge the potential of SNOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNOW and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Steve Jobs Wasn't Happy Unless Things Were 'Insanely Great' And That's Why This Tech CEO Is Passionate About Moving 'Mental Boundaries' That Withhold Perfection
Snowflake Inc. (NYSE:SNOW) chief executive Frank Slootman says he runs his companies on the mantra the late Steve Jobs loved: a product is either "insanely great" or it's 'total sh*t.' What Happened: By erasing the gray zone, Slootman argues, leaders bulldoze mediocrity and force teams to stretch for greatness. His point lands because it echoes Jobs' own famously binary worldview Jobs deployed the phrase inside Apple to keep designers laser-focused on polish, down to "the curve of the head of a screw." The maxim has survived long after his death and leadership writers still cite the line as shorthand for non-negotiable standards. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — this is your last chance to become an investor for $0.80 per share. The team behind $6B+ in licensing deals is now building the next billion-dollar IP empire — invest early at $2.25/share. Slootman tells his staff that if work isn't "insanely great," he politely labels it "total sh*t" and sends it back for re-work. He pushes people to "love what we produce, not just like it," insisting passion "moves mental boundaries." The bigger threat, he says, is not obvious laggards but comfortable 'B players.' 'Mediocrity is the silent killer... B players need to be pared; they either become A players, or they become C players and get flushed out.' Slootman argues Jobs' two-bucket scale is memorable, instantly understood and impossible to wiggle around: 'Refusing mediocre outcomes' forces teams to raise their game or self-select out. Why It Matters: Management thinkers note that clear, absolute language can jolt organizations out of complacency, much like Netflix co-founder Reed Hastings, who, according to an account by tells managers to fire "brilliant jerks" because "the cost to effective teamwork is too high." Billionaire Elon Musk embraces a similar extremism. "Nobody ever changed the world on 40 hours a week," he once told workers, pressing them toward 80-hour sprints. Jeff Bezos keeps Amazon's bar high by spending "about a third of the interview asking... can you hire great people?" — a decades-old practice meant to block average talent at the door. Read Next: Hasbro, MGM, and Skechers trust this AI marketing firm — Invest before it's too late. 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share with a $1000 minimum. Photo Courtesy: rnkadsgn on Send To MSN: Send to MSN Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Steve Jobs Wasn't Happy Unless Things Were 'Insanely Great' And That's Why This Tech CEO Is Passionate About Moving 'Mental Boundaries' That Withhold Perfection originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-05-2025
- Business
- Yahoo
Oppenheimer Maintains Outperform Rating on Snowflake (SNOW), Lifts PT
On Thursday, Oppenheimer raised its price target on Snowflake Inc. (NYSE:SNOW) to $225 from $210, while maintaining an Outperform rating on the shares. The firm noted that Snowflake delivered strong FQ1 2026 results due to broad-based demand and consistent consumption trends. A software engineer at work, surrounded by a wall of computer monitors connected to a 'Data Cloud' platform. The company reported total revenue of $1 billion for the quarter, which was up 26% year-over-year. Product revenue specifically reached $996.8 million and also represented a 26% year-over-year increase. Snowflake now serves 606 customers with trailing 12-month product revenue greater than $1 million, a 27% year-over-year increase, and has 754 Forbes Global 2000 customers, which reflects a 4% year-over-year growth. Sridhar Ramaswamy, CEO of Snowflake, commented on the results, stating that the company delivered 'another strong quarter.' Oppenheimer also highlighted better-than-expected activity in Snowpark and Dynamic Tables, along with robust AI adoption, as indicators that newer products are resonating well with customers. The firm is bullish on Snowflake and considers it a top pick. Oppenheimer anticipates potential upside, particularly if macroeconomic conditions remain stable. Snowflake Inc. (NYSE:SNOW) provides a cloud-based data platform for various organizations globally. While we acknowledge the potential of SNOW to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNOW and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
