Snowflake Is a Growth Juggernaut. Wall Street Is Thinking About Stock Value.

snowflake is a growth juggernaut wall street is thinking about stock value

Sumary of Snowflake Is a Growth Juggernaut. Wall Street Is Thinking About Stock Value.:

  • In meeting with analysts on Thursday, the cloud-data software company provided an ambitious goal of reaching $10 billion in product revenue in the January 2029 fiscal year..
  • Canaccord Genuity analyst David Hynes notes that if Snowflake hits its $10 billion target, it would be the fastest that a software company has reached that size..
  • Likewise, Morgan Stanley analyst Keith Weiss writes in a research note that given the 120% product growth in fiscal 2021, the $10 billion target might be conservative…

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