Wedbush analyst Daniel Ives upgrades $Snowflake (SNOW.US)$ to a buy rating.
According to TipRanks data, the analyst has a success rate of 54.5% and a total average return of 5.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Snowflake (SNOW.US)$'s main analysts recently are as follows:
The term 'redemption quarter' has been aptly applied to Snowflake following its recent 'robust' sales outperformance, alongside accelerating bookings, increased currency from new products, and stable recurring revenue. The management's assertive and optimistic commentary was supported by further expansion in new products and use cases involving artificial intelligence and data engineering, which sufficiently countered the challenges posed by Iceberg tables and customary optimization and storage headwinds.
The firm indicates that the company is "getting back on track."
It has been observed that Snowflake's better Q3 results indicate that the previous headwinds impacting product revenue and consumption are diminishing. Notably, the product revenue reaching $900M significantly surpassed expectations, which were set at $852M.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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韋德布什分析師Daniel Ives上調$Snowflake (SNOW.US)$至買入評級。
根據TipRanks數據顯示，該分析師近一年總勝率為54.5%，總平均回報率為5.1%。
此外，綜合報道，$Snowflake (SNOW.US)$近期主要分析師觀點如下：
「贖回季度」 一詞已適當地應用於Snowflake，因爲其最近的 「強勁」 銷售跑贏大盤，同時預訂量加快，新產品貨幣增加，經常性收入穩定。管理層堅定而樂觀的評論得到了涉及人工智能和數據工程的新產品和用例的進一步擴張的支持，這足以應對冰山表格以及慣常優化和存儲阻力帶來的挑戰。
該公司表示，該公司正在 「重回正軌」。
據觀察，Snowflake更好的第三季度業績表明，此前影響產品收入和消費的不利因素正在減少。值得注意的是，產品收入達到9億美元，大大超出了預期，即8.52億美元。
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