Latest news with #CrunchyData
Yahoo
27-06-2025
- Business
- Yahoo
BTIG raises Snowflake stock price target citing AI initiatives
BTIG raised its price target for Snowflake (NYSE: SNOW) to $235, up from $225 in early June, while holding onto its Buy rating. The move doesn't come from any new financial projections—in fact, Snowflake's latest presentation offered no updates on long-term growth metrics or revenue guidance. What BTIG did like was the direction. The firm pointed to steady product momentum and a clear focus on expanding Snowflake's core platform. Revenue growth clocked in at 27.5% over the past year, and Snowflake's efforts to simplify and automate through AI seem to be resonating. The firm also flagged Snowflake's recent acquisition of Crunchy Data as a smart play. It may strengthen the company's position in building out next-gen apps, especially in environments that prioritize flexibility and performance. Two more details stood out: growing adoption of Iceberg Tables — a key data architecture trend — and signs that the sales team is expanding. BTIG sees both as short-term and mid-term growth drivers. While we acknowledge the potential of SNOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-06-2025
- Business
- Yahoo
BTIG raises Snowflake stock price target citing AI initiatives
BTIG raised its price target for Snowflake (NYSE: SNOW) to $235, up from $225 in early June, while holding onto its Buy rating. The move doesn't come from any new financial projections—in fact, Snowflake's latest presentation offered no updates on long-term growth metrics or revenue guidance. What BTIG did like was the direction. The firm pointed to steady product momentum and a clear focus on expanding Snowflake's core platform. Revenue growth clocked in at 27.5% over the past year, and Snowflake's efforts to simplify and automate through AI seem to be resonating. The firm also flagged Snowflake's recent acquisition of Crunchy Data as a smart play. It may strengthen the company's position in building out next-gen apps, especially in environments that prioritize flexibility and performance. Two more details stood out: growing adoption of Iceberg Tables — a key data architecture trend — and signs that the sales team is expanding. BTIG sees both as short-term and mid-term growth drivers. While we acknowledge the potential of SNOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
Oppenheimer Increases Snowflake (SNOW) PT, Maintains Outperform Rating
Snowflake Inc. (NASDAQ:SNOW) is one of the 10 tech stocks on Wall Street's radar right now. On June 6, Oppenheimer raised Snowflake Inc.'s (NASDAQ:SNOW) price target to $250 from $225, while maintaining an Outperform rating. As the firm revised the company's price target, it pointed toward Snowflake's Summit'25, which took place in the first week of June. Its keynote speakers included some well-known faces, including Sridhar Ramaswamy, Sam Altman, and Sarah Guo. Oppenheimer noted that the event emphasized stronger data lifecycle support, faster product development, and entry into transactional workloads following the Crunchy Data acquisition. Snowflake (NASDAQ:SNOW) announced at the event that it plans to acquire Crunchy Data, a leading open-source Postgres provider, to launch Snowflake Postgres, which is an enterprise-grade PostgreSQL database tailored for AI applications. A software engineer at work, surrounded by a wall of computer monitors connected to a 'Data Cloud' platform. Oppenheimer's data shows that customer feedback revealed rising adoption of Snowflake due to its user-friendly platform. The firm believes the company's broader product range reflects stronger execution and adaptability, which encourages customers to store more data and develop more applications on its platform. Snowflake (NASDAQ:SNOW) offers a cloud-based data platform that helps organizations centralize their data to generate insights, develop data applications, share data products, and apply AI to address business challenges. While we acknowledge the potential of SNOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
04-06-2025
- Business
- Yahoo
Snowflake CEO Shares M&A, Partnership Approach
Snowflake CEO Sridhar Ramaswamy discusses the company's latest acquisition of Crunchy Data and its partnership with the LA Olympics. Ramaswamy joins Bloomberg's Caroline Hyde ahead of the Snowflake Summit. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Business
- Yahoo
Snowflake's Smart $250 Million Acquisition
Snowflake is acquiring Postgres provider Crunchy Data for $250 million. The deal will bring the popular database software directly to Snowflake's platform. This follows a deal from competitor Databricks to acquire Neon, another Postgres provider. 10 stocks we like better than Snowflake › Snowflake's (NYSE: SNOW) data cloud enables enterprises to run analytics and artificial intelligence (AI) workloads across data that's been ingested from a variety of sources. While Snowflake customers have been able to ingest data from relational databases like Postgres via connectors, the platform lacks a native Postgres option. That changes with Snowflake's $250 million acquisition of Crunchy Data. Crunchy Data is an enterprise-focused Postgres provider, layering performance metrics, connection pooling, logging, and security features on top of the open-source database software. While anyone can spin up an instance of Postgres, enterprises have security, compliance, performance, and reliability requirements that must be met. There are likely two reasons why Snowflake is interested in an enterprise Postgres provider. First, Postgres is extremely popular and widely used. According to a Stack Overflow survey, Postgres is used by more than 50% of responding professional developers, beating out other open-source and proprietary database software by wide margins. An enterprise that's already a Snowflake customer will now have the option to migrate Postgres databases to Snowflake's platform and consolidate their data. For enterprises that aren't Snowflake customers, the platform could be more appealing now that Postgres is natively supported. Snowflake will leverage the Crunchy Data acquisition, which is expected to close imminently, to deliver Snowflake Postgres to its customers. The second likely reason for this acquisition is to keep up with a major competitor. Privately held Databricks, which offers a platform similar to Snowflake, acquired Postgres start-up Neon in May. Neon is a bit different from Crunchy Data. While Crunchy Data is a more traditional database provider, with managed and self-hosted deployments, Neon offers a serverless platform that decouples computing resources and storage. The rationales behind the two acquisitions are quite different. For Snowflake, the focus will be on enabling customers to consolidate data and applications, making it easier to run workloads on its platform, including AI workloads. For Databricks, the focus is on removing bottlenecks for AI agentic workloads. According to the press release announcing Neon acquisition, 80% of Neon databases are created automatically by AI agents rather than by developers. While Snowflake and Databricks are taking different paths to bringing Postgres into their respective platforms, both companies see the importance of offering the popular database software directly to their customers. Crunchy Data reportedly generates around $30 million in annualized revenue. That's a drop in the bucket for Snowflake, which generated more than $3.6 billion in revenue during fiscal 2025. This deal isn't going to move the needle right away. However, the launch of Snowflake Postgres could boost the company's growth rate as customers commit further to the platform. Snowflake is already growing rapidly, with product revenue up 26% year over year in the first quarter of fiscal 2026. The company's net revenue retention rate, which measures the growth of spending from existing customers, was also at a healthy 124%. The Crunchy Data deal could add to this momentum and help the company sustain its high growth rate during a time of economic uncertainty. Snowflake stock is expensive, trading for nearly 190 times the average analyst estimate for fiscal 2026 adjusted earnings per share. That's a reason to be cautious, but for investors with a long time horizon and the ability to handle some volatility, Snowflake's strong growth and smart acquisition strategy are hard to pass up. Before you buy stock in Snowflake, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Snowflake wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $657,385!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $842,015!* Now, it's worth noting Stock Advisor's total average return is 987% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Timothy Green has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Snowflake. The Motley Fool has a disclosure policy. Snowflake's Smart $250 Million Acquisition was originally published by The Motley Fool
