Snowflake Inc ($SNOW) Stock Forecast: Up 5.1% Today

What is Snowflake Inc?

Snowflake Inc. (SNOW) experienced a bullish market movement today.

Why is Snowflake Inc going up?

SNOW stock is up 5.1% on Jan 14, 2025 15:22

• Although there was a slight decrease in stock price at the close of the latest trading day, the overall bullish movement suggests strong investor confidence in Snowflake Inc.
• The market gains could be linked to positive news or developments within the company, including new partnerships, product launches, or financial performance surpassing expectations.
• Investor optimism regarding Snowflake's future prospects and growth potential in the cloud computing sector may be fueling increased buying activity and pushing the stock price up.

SNOW Price Chart

SNOW Technical Analysis

SNOW News

Snowflake Inc. ( SNOW ) Stock Sinks As Market Gains: What You Should Know

Snowflake Inc. (SNOW) reachead $162.43 at the closing of the latest trading day, reflecting a -0.02% change compared to its last close.

https://www.zacks.com/stock/news/2396162/snowflake-inc-snow-stock-sinks-as-market-gains-what-you-should-know

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Snowflake Inc Price History

15.10.2024 - SNOW Stock was down 5.0%

• An investigation into potential violations of laws by certain officers of Snowflake, along with other companies, may have raised concerns among investors, leading to a bearish sentiment.
• Bearish market sentiment on Snowflake options trading, with a higher percentage of traders showing bearish tendencies, could have contributed to the downward movement in the stock price.
• Anticipation of a decline in Snowflake's Q3 earnings, as indicated by analysts, might have further dampened investor confidence and resulted in the bearish movement.
• A data breach incident involving AT&T and Snowflake, where hackers gained unauthorized access to AT&T's data systems hosted on Snowflake's platform, could have added to the negative sentiment surrounding the company, impacting its stock performance negatively.

15.10.2024 - SNOW Stock was down 5.2%

• An inquiry into potential legal violations by certain officers of Snowflake Inc. may have influenced investor sentiment, resulting in a negative outlook.
• Analysis of options trading revealed a majority of traders expressing bearish sentiments, potentially impacting Snowflake's stock decline.
• Speculation regarding a decrease in Snowflake's Q3 earnings, highlighted in the earnings preview, likely exacerbated the stock's downward trajectory.
• The connection of Snowflake to the AT&T data breach, involving unauthorized access to AT&T's systems on Snowflake's platform, possibly contributed to decreased investor trust and the stock's downward trend.

07.00.2025 - SNOW Stock was down 1.3%

• Despite the overall positive market movement, SNOW had a bearish day, closing lower than its previous day's price.
• The change in analyst outlook for other companies like Cardinal Health might have influenced investor sentiment towards SNOW.
• It's possible that investors are still cautious about SNOW's valuation and growth prospects, leading to the bearish movement despite the overall market trend.
• SNOW's performance might also be affected by broader market conditions or sector-specific news not captured in the provided information.

13.10.2024 - SNOW Stock was up 5.1%

• Snowflake Inc. (SNOW) experienced a bullish movement, with a 1.59% increase in its stock price.
• The positive market movement could be attributed to investor optimism following the company's resilience amidst a falling market.
• Despite the overall market decline, Snowflake's performance could be seen as a safe haven for investors seeking growth opportunities in the tech sector.
• The information about Intuitive Surgical and GlobalFoundries are not directly related to Snowflake's market movement today.

13.10.2024 - SNOW Stock was up 6.9%

• Despite bearish sentiment in the options market, Snowflake's stock saw a strong bullish movement, closing the day with a 1.59% increase.
• The anticipated decline in Q3 earnings expectations did not seem to dissuade investors, suggesting potential resilience in the stock.
• The data breach incident involving AT&T and Snowflake did not notably impact Snowflake's market performance, indicating a focus on the company's long-term outlook by investors.
• Snowflake's positive movement in a declining market may be due to investors' optimism regarding the company's growth prospects and innovative solutions in the cloud data sector.

04.11.2024 - SNOW Stock was up 5.8%

• Some high-rolling investors expressed a bearish outlook on Snowflake in the options market. However, the stock displayed a bullish trend, suggesting a divergence between options market sentiment and actual stock performance.
• A shareholder rights law firm is looking into potential violations by certain officers at Snowflake and other companies. This development may have caused uncertainty among investors. Despite this, the stock's bullish movement indicates ongoing market optimism about Snowflake.
• An increase in leveraged ETFs last week likely fueled market activity and positive sentiment towards high-growth stocks like Snowflake, contributing to its bullish performance.
• Notwithstanding the ongoing investigations and bearish options stance, Snowflake was identified by leading Wall Street analysts as having promising prospects. This endorsement may have bolstered investor confidence and supported the stock's bullish movement.

10.11.2024 - SNOW Stock was down 5.1%

• Despite financial giants making bullish moves on Snowflake, the stock experienced a strong bearish movement today.
• The options history for Snowflake showed a mixed sentiment among traders, with a slightly higher percentage being bullish.
• It's possible that the bearish market movement was influenced by factors beyond the options trading, such as overall market conditions or specific company developments.

18.11.2024 - SNOW Stock was down 5.6%

• The formation of a Golden Cross, a bullish technical pattern, usually indicates a positive sentiment among investors and could have initially driven the stock price up.
• However, the unusual options activity with a significant number of bearish trades could have sparked concerns among investors, leading to a sell-off and the bearish movement in the stock price.
• This conflicting information suggests that while there is optimism surrounding Snowflake's AI revolution, the uncertainty created by the options activity might have caused the bearish movement in the market today.

21.10.2024 - SNOW Stock was up 33.0%

• Snowflake (SNOW) shares surged after the company reported better-than-expected financial results for the third quarter and raised guidance, leading to increased investor confidence.
• Several analysts raised their price targets for Snowflake following the positive earnings report, indicating a bullish sentiment in the market.
• The strong performance of Snowflake in Q3, with revenue beating estimates and the announcement of an AI acquisition and Anthropic partnership, contributed to the stock's upward momentum.
• The overall positive outlook for Snowflake, fueled by its continued growth and strategic partnerships, likely drove the bullish movement in the stock today.

21.10.2024 - SNOW Stock was up 32.6%

• Snowflake's Q3 earnings beat estimates and revenues rose year-over-year, indicating strong financial performance and growth prospects.
• The stock surged higher after reporting better-than-expected financial results and raising guidance, leading to increased investor confidence and analyst price target upgrades.
• The positive earnings surprises and revenue beats for the quarter ended October 2024 suggest that Snowflake's business is performing well and may continue to attract investor interest.
• The acquisition of an AI company and a partnership announcement further boosted Snowflake's market sentiment, signaling strategic moves for future growth and innovation.

21.10.2024 - SNOW Stock was up 26.5%

• Snowflake Inc. (SNOW) experienced a strong upward movement today following the announcement of its Q3 earnings.
• The company revealed third-quarter revenue of $942.09 million, surpassing the estimated $896.99 million, contributing to the positive market sentiment.
• Earnings and revenue exceeded expectations by 33.33% and 4.82%, respectively, potentially boosting investor confidence in the company's future growth.
• Analyst outlooks and positive charts could have also influenced the market's optimism, counterbalancing the stock's 32% year-to-date decline and driving the favorable market trend.

14.00.2025 - SNOW Stock was up 5.1%

• Although there was a slight decrease in stock price at the close of the latest trading day, the overall bullish movement suggests strong investor confidence in Snowflake Inc.
• The market gains could be linked to positive news or developments within the company, including new partnerships, product launches, or financial performance surpassing expectations.
• Investor optimism regarding Snowflake's future prospects and growth potential in the cloud computing sector may be fueling increased buying activity and pushing the stock price up.