- Snowflake (SNOW, Financial) to acquire AI startup Crunch Data to enhance its platform offerings.
- Stock climbs over 2% following the acquisition announcement.
- Wall Street analysts project a potential 52.25% upside for Snowflake based on GF Value estimates.
Snowflake Inc. (SNOW), a leader in the cloud-based data warehousing industry, has strategically moved to acquire the AI startup Crunch Data, signaling its intent to expand and strengthen its data and AI platform capabilities. Although the financial specifics of this acquisition remain under wraps, it's noted that regulatory clearance is still pending. Interestingly, news of this acquisition propelled Snowflake's stock upwards by over 2% on Monday, reflecting market enthusiasm.
Wall Street Analysts Forecast
According to predictions from 43 industry analysts, Snowflake Inc. (SNOW, Financial) has an average price target pegged at $223.25 for the next year. This estimate is flanked by a high projection of $440.00 and a low of $150.00. The average price target suggests a potential upside of 6.22% from Snowflake's current trading price of $210.17. For those seeking more detailed insights, they can explore the Snowflake Inc (SNOW) Forecast page.
Analyzing broader consensus, 49 brokerage firms collectively rate Snowflake Inc. (SNOW, Financial) with an average recommendation score of 2.0, which classifies as "Outperform." This rating is derived from a standardized scale, where 1 indicates a Strong Buy, and 5 signifies a Sell.
Delving further into financial projections, according to GuruFocus estimates, Snowflake's GF Value in the coming year is anticipated to be $319.99. This projection points to an impressive 52.25% potential upside from its current market price of $210.17. The GF Value represents GuruFocus' assessment of the stock's fair trading value, calculated from its historical trading multiples, past business growth, and future performance forecasts. For a deeper dive, visit the Snowflake Inc (SNOW, Financial) Summary page.
