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How to buy Snowflake stock
Learn how to easily invest in Snowflake stock.
Snowflake Inc. (SNOW) is a leading software-application business based in the US. It opened the day at $250.00 after a previous close of $250.30. During the day the price has varied from a low of $249.88 to a high of $271.89. The latest price was $269.49 (25 minute delay). Snowflake is listed on the NYSE and employs 3,557 staff. All prices are listed in US Dollars.
How to buy shares in Snowflake
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – SNOW – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
Snowflake stock price (NYSE: SNOW)Use our graph to track the performance of SNOW stocks over time.
Snowflake shares at a glance
|52-week range||$184.71 - $405.00|
|50-day moving average||$347.61|
|200-day moving average||$289.78|
|Wall St. target price||$383.96|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$-2.54|
Investment Thesis for SNOW
Snowflake is a play on the explosive growth of cloud computing and on the need for companies to crunch large amounts of data to feed and grow their businesses. It currently works with more than 200 Fortune 500 companies, who buy its software with the sanction of cloud giants Amazon (AMZN), Microsoft (MSFT) and Alphabet (GOOGLE) – generally seen as a concession that it has better tools.
Those credentials no doubt helped its large Initial public offering last September and drove shares to $429 in early December. The stock pulled back to below $200 in May, and it’s on the rise again after strong results and a raised forecast for this year. In fact, Investors Business Daily reports, the company has made the case to analysts that product revenue will grow from just over $1 billion now to $10 billion in 2028.
Short-term, this is a bet that $429 wasn’t too much to pay for that pace of growth, and $200 looked like a bargain. But with shares between $310 and $320, about the same as the average analyst 12-month estimates, this is really a long-term bet that SNOW delivers on its growth projections and continues to be a leader.
Key Risks of Snowflake Stock
On a macro level, there are increasing signs of a pullback in the market and in tech in particular. Snowflake has risen despite this backdrop, but short-term could be painful if there is a broad retreat.
Longer term, cloud computing should continue to grow and carry its leading stocks upward. The risk with a smaller player like Snowflake is that a giant, say Amazon Web Services or Oracle (ORCL), develops similar tools and squeezes the market for Snowflake’s services. There are smaller competitors as well.
Buy Snowflake shares from these brokeragesCompare special offers, low fees and a wide range of types of investments among top trading platforms.
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
Is Snowflake Stock a Buy?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Should You Invest $1,000 in Snowflake Stock Right Now?
Snowflake would appear to be a longer term buy rather than a short-term trade, with its analyst 12-month price forecast about its current trading price. If they are right, there’s not much to be made over the next year.
If you bought now at around $320 a share and it regained its record price of $429, your $1,000 would be worth $1,250. A 25% gain in a year is solid, but that’s a much better result than analysts expect.
Snowflake price performance over time
|1 week (2022-01-14)||-6.94%|
|1 month (2021-12-22)||-24.74%|
|3 months (2021-10-22)||-20.69%|
|6 months (2021-07-22)||0.82%|
|1 year (2021-01-22)||-5.67%|
|2 years (2020-01-18)||N/A|
|3 years (2019-01-18)||N/A|
|5 years (2017-01-18)||N/A|
Is Snowflake Stock Undervalued or Overvalued?
The current stock price matches analysts’ 12 month forecast, meaning the stock is close to what they think is fair value. Snowflake isn’t profitable, so you can’t go by a price-earnings ratio to judge its valuation. Investing in this stock is a bet on growth, not valuation.
|Revenue TTM||$1 billion|
|Gross profit TTM||$349.5 million|
|Return on assets TTM||-8.04%|
|Return on equity TTM||-14.97%|
|Market capitalisation||$88.7 billion|
TTM: trailing 12 months
Snowflake share dividends
We're not expecting Snowflake to pay a dividend over the next 12 months.
You may also wish to consider:
- Microsoft Corporation (MSFT.US) (0.81% forward annual dividend yield)
Snowflake Inc. provides cloud-based data platform in the United States and internationally. The company's platform offers Data Cloud, an ecosystem that enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data. Its platform is used by various organizations of various sizes in a range of industries. The company was formerly known as Snowflake Computing, Inc. and changed its name to Snowflake Inc. in April 2019.
Snowflake in the news
Why Snowflake Stock Fell on Friday
Vantage Investment Partners, LLC Buys Snowflake Inc, Procore Technologies Inc, Intuitive ...
Where Will Snowflake Be in 1 Year?
Frequently asked questionsWhat percentage of Snowflake is owned by insiders or institutions?
Currently 5.123% of Snowflake shares are held by insiders and 69.1% by institutions. How many people work for Snowflake?
Latest data suggests 3,557 work at Snowflake. When does the fiscal year end for Snowflake?
Snowflake's fiscal year ends in January. Where is Snowflake based?
Snowflake's address is: 106 East Babcock Street, Bozeman, MT, United States, 59715 What is Snowflake's ISIN number?
Snowflake's international securities identification number is: US8334451098 What is Snowflake's CUSIP number?
Snowflake's Committee on Uniform Securities Identification Procedures number is: 46090K109
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