Snowflake Inc. (NYSE: SNOW) is a cloud-based data warehousing company that enables organizations to consolidate, store, and analyze vast amounts of data. Known for its scalability and speed, Snowflake offers a unique platform designed for data analytics and business intelligence.
Key Takeaways:
- Snowflake’s innovative Data Cloud platform positions it for long-term growth
- The company’s focus on AI and data collaboration services may drive future value
- Stock price projections indicate significant potential for appreciation over time
Overview of Snowflake Inc.
Snowflake Inc., founded in 2012 by data experts Benoit Dageville, Thierry Cruanes, and Marcin Żukowski, aimed to revolutionize cloud-based data warehousing. Their vision of a fast, user-friendly, and scalable platform quickly gained traction, culminating in a record-breaking $3.4 billion IPO in September 2020.
Now serving over 9,400 clients, including 691 Forbes Global 2000 members, the company has solidified its position in the industry. Snowflake leverages major cloud platforms like AWS, Azure, and Google Cloud.
Snowflake’s key acquisitions:
- 2020: CryptoNumerics (privacy)
- 2022: Streamlit (app development), Applica (unstructured data)
- 2023: Mist AI (forecasting), LeapYear (data collaboration), Neeva (search), Ponder (Python)
- 2024: TruEra (AI observability)
Snowflake Inc. Company Profile
| Country | United States |
| Ticker Symbol | SNOW |
| Exchange | NYSE |
| Founded | 2012 |
| IPO Date | 2020 |
| Industry | Cloud Computing |
| Sector | Technology |
| Employees | 7,630 |
| CEO | Sridhar Ramaswamy |
| Market Cap (September 20, 2024) | $36.96 billion |
| Website | snowflake |
Snowflake Inc. (SNOW) Balance Sheet Analysis
Snowflake Inc. (NYSE: SNOW) reported its fiscal year 2024 balance sheet, showing total assets of $8.22 billion, a 6.5% increase from the previous year. This growth indicates continued expansion of the cloud data platform provider.
Total liabilities rose significantly to $3.03 billion, up 34.6% from 2023, suggesting increased obligations to support operations. Meanwhile, total equity decreased slightly to $5.19 billion, a 5.1% reduction from the previous year.
Key metrics reveal changes in the company’s financial position. Working capital decreased to $2.31 billion, while net tangible assets fell to $3.87 billion. Total debt increased modestly to $288 million.
These figures reflect Snowflake’s ongoing growth strategy, with rising assets and liabilities. However, the decrease in equity and working capital may warrant investor attention in the context of the competitive cloud data industry.
Balance Sheet Data Source: finance.yahoo
Snowflake Inc. Stock Price History
Snowflake Inc. (NYSE: SNOW) had its IPO in the year 2020. Snowflake Inc. (NYSE: SNOW) reached its all-time high on November 17, 2021, with a stock price of $405.00.
As of September 20, 2024, the stock price stands at $110.27.
SNOW Stock Price Forecast 2024
For the remainder of 2024, we anticipate moderate growth as Snowflake continues to expand its market share and improve its financial metrics.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $94.78 | $121.30 | $145.56 |
We project a potential growth of 10% by the end of 2024, with the average price reaching $121.30. This growth is supported by the company’s strong position in the cloud data market and increasing adoption of its Data Cloud platform.
Our analysts expect Snowflake’s Elastic Compute feature to gain traction, allowing customers to scale resources efficiently. The company’s focus on instant elasticity and serverless architecture may drive increased adoption among enterprise clients seeking cost-effective data solutions.
SNOW Stock Price Forecast 2025
In 2025, Snowflake is expected to further capitalize on the growing demand for cloud-based data solutions.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $130.82 | $139.50 | $174.37 |
Our forecast suggests a 15% increase from 2024, with an average price of $139.50. This growth may be driven by expanded partnerships and the maturation of Snowflake’s AI offerings.
We anticipate that Snowflake’s Cortex AI suite will play a significant role in attracting new customers. The platform’s pre-trained models and custom model building capabilities could position Snowflake as a leader in AI-driven data analytics, potentially boosting investor confidence.
SNOW Stock Price Forecast 2026
As Snowflake’s market position strengthens, we anticipate continued price appreciation in 2026.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $147.17 | $156.24 | $203.11 |
The projected average price of $156.24 represents a 12% increase from 2025. This growth could be fueled by increased enterprise adoption and expansion into new geographical markets.
Snowflake’s interoperable storage capabilities may become a key differentiator in 2026. The ability to seamlessly access and integrate data from various sources could attract organizations dealing with complex data ecosystems, potentially driving stock price growth.
SNOW Stock Price Forecast 2027
2027 may see Snowflake further establishing itself as a critical component of the global data infrastructure.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $165.55 | $175.77 | $228.50 |
With an average price forecast of $175.77, this represents a 12.5% growth from 2026. The company’s focus on data collaboration and AI-driven insights could be key drivers of this appreciation.
Our analysts predict that Snowflake’s Data Clean Rooms will gain significant traction in 2027. As data privacy concerns intensify, these secure environments for collaborative analysis may become essential for many industries, potentially boosting Snowflake’s market value.
SNOW Stock Price Forecast 2028
In 2028, Snowflake’s stock may continue its upward trend as the company expands its product offerings and market reach.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $187.07 | $198.62 | $258.21 |
We project an average price of $198.62, marking a 13% increase from 2027. This growth may be supported by the increasing importance of data-driven decision making across industries.
The Snowflake Marketplace could emerge as a major revenue driver in 2028. As more organizations seek to monetize their data assets, this platform for discovering and accessing third-party data may become increasingly valuable, potentially influencing stock performance.
SNOW Stock Price Forecast 2029
As we approach the end of the decade, Snowflake’s innovations in data management and analytics could propel its stock price further.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $210.45 | $223.45 | $290.49 |
The forecast average price of $223.45 represents a 12.5% increase from 2028. This growth might be driven by the company’s ability to adapt to evolving market needs and technological advancements.
We expect Snowflake’s partnership network to expand significantly in 2029. The Snowflake Partner Network may attract a diverse range of service providers and technology partners, creating a robust ecosystem that could enhance the platform’s value proposition and support stock price growth.
SNOW Stock Price Forecast 2030
Entering the new decade, Snowflake’s stock could reach new heights as data becomes increasingly central to business operations.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $236.76 | $251.38 | $326.79 |
Our projection of an average price of $251.38 indicates a 12.5% growth from 2029. This increase may be attributed to Snowflake’s potential leadership in emerging data technologies and market expansion.
In 2030, Snowflake’s serverless architecture may become the industry standard for cloud data platforms. This could lead to increased market share and improved operational efficiency, potentially driving investor confidence and stock price appreciation. As Snowflake continues to innovate in cloud technologies, other tech companies like CrowdStrike are also making strides in their respective fields. For more insights, see our CrowdStrike stock prediction.
SNOW Stock Price Forecast 2031
In 2031, Snowflake’s stock may continue its strong performance as the company cements its position in the data ecosystem.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $266.36 | $282.80 | $367.64 |
With an average price forecast of $282.80, this represents a 12.5% increase from 2030. The company’s ability to innovate and address complex data challenges could be key factors in this growth.
Our analysts predict that Snowflake’s machine learning capabilities will be a major focus in 2031. Enhanced support for advanced analytics and AI workflows could attract data scientists and AI researchers, potentially expanding Snowflake’s user base and driving stock performance.
SNOW Stock Price Forecast 2032
As Snowflake approaches its 20th anniversary, its stock price may reflect its maturity and market dominance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $299.66 | $318.15 | $413.60 |
We project an average price of $318.15, marking a 12.5% growth from 2031. This appreciation could be driven by Snowflake’s expanded product portfolio and deepening customer relationships.
In 2032, Snowflake’s data governance features may become increasingly sophisticated. As regulatory requirements evolve, the platform’s ability to ensure compliance and data quality could become a critical differentiator, potentially supporting continued stock price growth.
SNOW Stock Price Forecast 2033
In 2033, Snowflake’s stock may continue to benefit from the company’s strong market position and technological advancements.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $337.12 | $357.92 | $465.30 |
The forecast average price of $357.92 represents a 12.5% increase from 2032. This growth might be supported by Snowflake’s ability to leverage emerging technologies and expand its global footprint.
We anticipate that Snowflake’s support for real-time analytics will reach new heights in 2033. The platform’s ability to process and analyze streaming data could open up new use cases in IoT and edge computing, potentially driving increased adoption and stock value.
SNOW Stock Price Forecast 2034
As we move further into the 2030s, Snowflake’s stock could see continued appreciation based on its evolving business model and market dynamics.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $379.26 | $402.66 | $523.46 |
Our projection of an average price of $402.66 indicates a 12.5% growth from 2033. This increase may be attributed to Snowflake’s potential innovations in data management and analytics.
In 2034, Snowflake’s support for quantum computing applications could emerge as a game-changer. Early integration with quantum systems may position Snowflake at the forefront of next-generation data processing, potentially boosting investor enthusiasm and stock performance.
SNOW Stock Price Forecast 2035
In 2035, Snowflake’s stock may reflect the company’s long-term success and its role in shaping the data landscape.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $426.66 | $452.99 | $588.89 |
With an average price forecast of $452.99, this represents a 12.5% increase from 2034. The company’s ability to adapt to changing market conditions and customer needs could be key factors in this growth.
Our analysts expect Snowflake’s cross-cloud capabilities to reach new levels of sophistication in 2035. Enhanced support for multi-cloud and hybrid cloud environments could attract large enterprises seeking flexible data management solutions, potentially driving stock price appreciation. While Snowflake focuses on data management, companies in other sectors, such as gaming, are also evolving. Check out our NetEase stock forecast for a perspective on the future of the gaming industry.
SNOW Stock Price Forecast 2036
As Snowflake continues to evolve, its stock price in 2036 may reflect its enduring relevance in the tech industry.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $480.00 | $509.62 | $662.51 |
We project an average price of $509.62, marking a 12.5% growth from 2035. This appreciation could be driven by Snowflake’s continued innovation and its ability to address complex data challenges.
In 2036, Snowflake’s support for advanced natural language processing could become a key feature. Integration with sophisticated NLP models may enable more intuitive data exploration and analysis, potentially attracting a broader user base and supporting stock price growth.
SNOW Stock Price Forecast 2037
In 2037, Snowflake’s stock may continue its upward trend, reflecting the company’s strong market position and technological leadership.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $540.00 | $573.32 | $745.32 |
The forecast average price of $573.32 represents a 12.5% increase from 2036. This growth might be supported by Snowflake’s expansion into new markets and its ability to deliver value to a diverse customer base.
We anticipate that Snowflake’s role in facilitating data marketplaces will expand significantly in 2037. The platform’s ability to enable secure, efficient data sharing and monetization could create new revenue streams, potentially boosting investor confidence and stock performance.
SNOW Stock Price Forecast 2038
As we approach the end of the 2030s, Snowflake’s stock could see continued appreciation based on its long-term performance and market dynamics.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $607.50 | $644.99 | $838.49 |
Our projection of an average price of $644.99 indicates a 12.5% growth from 2037. This increase may be attributed to Snowflake’s potential leadership in emerging data technologies and its ability to drive innovation in the industry.
In 2038, Snowflake’s integration with augmented and virtual reality systems could open up new frontiers in data visualization. Support for immersive data experiences may attract industries like architecture, engineering, and entertainment, potentially driving increased platform adoption and stock value.
SNOW Stock Price Forecast 2039
In 2039, Snowflake’s stock may reflect the company’s enduring success and its role in shaping the future of data management.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $683.44 | $725.61 | $943.29 |
With an average price forecast of $725.61, this represents a 12.5% increase from 2038. The company’s ability to adapt to changing market conditions and maintain its competitive edge could be key factors in this growth.
Our analysts expect Snowflake’s support for biometric data processing to become increasingly sophisticated in 2039. As biometric applications expand across industries, Snowflake’s ability to securely manage and analyze this sensitive data could become a key differentiator, potentially supporting continued stock price growth.
SNOW Stock Price Forecast 2040
As we enter a new decade, Snowflake’s stock price in 2040 may reflect its long-term success and market dominance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $768.87 | $816.31 | $1,061.20 |
We project an average price of $816.31, marking a 12.5% growth from 2039. This increase reflects the company’s potential for continued innovation and market leadership.
In 2040, Snowflake’s role in supporting autonomous systems and smart cities could become increasingly prominent. The platform’s ability to process and analyze vast amounts of sensor data in real-time may position it as a critical infrastructure component, potentially driving increased adoption and stock value. As Snowflake’s role in data infrastructure grows, traditional industries are also adapting to new technologies. For a look at how this affects the automotive sector, see our Toyota Motor stock prediction.
SNOW Stock Price Forecast 2050
Looking ahead to 2050, we anticipate Snowflake to be a well-established leader in the data industry, with its stock price reflecting decades of growth and innovation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $3,600.00 | $3,800.00 | $4,000.00 |
Our long-term projection places Snowflake’s stock at an average price of $3,800.00 by 2050. This represents a significant increase from our 2040 forecast, indicating continued strong growth for this mature company.
By 2050, Snowflake may have evolved into a comprehensive data ecosystem, integrating advanced AI, quantum computing, and yet-to-be-developed technologies. Its potential role in shaping global data infrastructure could solidify its position as a cornerstone of the digital economy, supporting this ambitious stock price projection.
Conclusion
Our analysis suggests a potential for significant long-term appreciation in Snowflake’s stock price, driven by the company’s innovative technology, expanding market presence, and the growing importance of data in the global economy. We project average price of $3,800.00 in 2050, the stock could see substantial growth over the next few decades.
FAQs
1. What is the future of SNOW share price?
Based on our analysis, the future of Snowflake’s (SNOW) share price appears promising. We project substantial growth over the coming years, with the stock potentially reaching an average price of $3,800 by 2050. This represents a significant increase from its current price of $110.27 as of September 20, 2024. Our forecasts suggest steady year-over-year growth, ranging from 10% to 15% annually for most of the period between 2024 and 2040. Factors driving this growth include Snowflake’s innovative data cloud platform, expanding market presence, and the increasing importance of data in global business operations.
2. Is SNOW a good long-term stock?
Snowflake (SNOW) appears to be a strong candidate for long-term investment. The company’s position as a leader in cloud-based data solutions, coupled with its continuous innovation in areas such as AI, machine learning, and data analytics, suggests potential for sustained growth. Our projections indicate consistent price appreciation over the next several decades, which could make SNOW an attractive option for investors with a long-term horizon.
3. What is the SNOW 10 year outlook?
Our 10-year outlook for Snowflake (SNOW) is optimistic. Based on our projections, the stock could see significant growth between 2024 and 2034. We forecast the average share price to potentially increase from $121.30 in 2024 to $402.66 by 2034. This represents a compound annual growth rate (CAGR) of about 12.75% over the decade. Key drivers for this growth include Snowflake’s expanding product portfolio, increasing adoption of its Data Cloud platform, and potential advancements in areas such as AI integration, real-time analytics, and support for emerging technologies like quantum computing.
4. Is SNOW a buy hold or sell?
Based on our analysis of Snowflake’s market position and growth potential, SNOW could be considered a “buy” or “hold” for long-term investors. The company’s innovative Data Cloud platform, featuring Elastic Compute and Interoperable Storage, positions it well in the competitive cloud data market. Snowflake’s focus on AI-driven insights through Cortex AI and secure data collaboration via Data Clean Rooms may drive future value.
5. Who are the major competitors of SNOW?
The major competitors of Snowflake Inc. (NYSE: SNOW) include:
- Amazon Web Services (AWS) (Amazon.com, Inc. – NASDAQ: AMZN): AWS is a leading cloud platform offering extensive services for data storage, analytics, and machine learning.
- Microsoft Azure (Microsoft Corp. – NASDAQ: MSFT): Azure is Microsoft’s cloud computing service, providing infrastructure, data solutions, and tools for scalable and secure cloud operations.
- Google Cloud Platform (GCP) (Alphabet Inc. – NASDAQ: GOOGL): GCP is Google’s suite of cloud services, including big data, machine learning, and storage, heavily competing with Snowflake’s offerings.
- IBM Cloud (International Business Machines – NYSE: IBM): IBM Cloud delivers enterprise-grade cloud solutions, focusing on AI, data analytics, and hybrid cloud environments, rivaling Snowflake’s analytics capabilities.
- Oracle Cloud (Oracle Corporation – NYSE: ORCL): Oracle Cloud offers a comprehensive suite of cloud applications, including database and data warehousing services similar to Snowflake’s core business.
- Datadog, Inc. (NASDAQ: DDOG): Datadog provides cloud-scale monitoring and analytics, allowing businesses to track performance metrics and manage their infrastructure efficiently.
- Cloudera, Inc. (Private): Cloudera delivers a data platform for hybrid and multi-cloud environments, focusing on machine learning, analytics, and cybersecurity.
- Teradata Corporation (NYSE: TDC): Teradata offers enterprise analytics and hybrid cloud solutions, providing robust data warehousing and analytic capabilities similar to Snowflake.
- Palantir Technologies Inc. (NYSE: PLTR): Palantir specializes in big data analytics and software platforms, supporting organizations in managing, analyzing, and visualizing large datasets.
- MongoDB, Inc. (NASDAQ: MDB): MongoDB provides an open-source NoSQL database solution, enabling flexible and scalable data storage for developers and enterprises globally.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
