{"id":1689,"date":"2024-04-12T18:07:30","date_gmt":"2024-04-12T10:07:30","guid":{"rendered":"https:\/\/applelatest.com\/uncategorized\/1689.html"},"modified":"2024-04-12T18:07:30","modified_gmt":"2024-04-12T10:07:30","slug":"%e4%b8%80%e4%bd%8d%e8%8f%af%e7%88%be%e8%a1%97%e5%88%86%e6%9e%90%e5%b8%ab%e8%aa%8d%e7%88%b2%e9%9b%aa%e8%8a%b1%e8%82%a1%e7%a5%a8%e6%9c%89-16-%e7%9a%84%e4%b8%8a%e6%bc%b2%e7%a9%ba%e9%96%93","status":"publish","type":"post","link":"https:\/\/applelatest.com\/en\/stocks\/1689.html","title":{"rendered":"One Wall Street analyst sees 16% upside for Snowflake stock"},"content":{"rendered":"
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\"e8bdde80fdfbb69f1ca2e20c8aa4799b\"<\/div>\n<\/div>\n<\/div>\n<\/figure>\n

Snowflake<\/strong> (NYSE: SNOW)<\/span>Weak expectations for the revenue outlook in the last business update led to a sharp fall in the share price. To date, the share price is down 20%, but theKeyBanc<\/strong>analysts see this as a buying opportunity.<\/p>\n

KeyBanc has initiated a hold (buy) rating and $185 price target on the company's stock, which is usually a forecast for the next 12 months or so. The new price target represents a 16% increase from Thursday's closing price, and the firm is bullish on the cloud-computing provider's outlook as it continues to migrate its legacy data systems to the cloud.<\/p>\n

Why Buy Snowflake Stock<\/h2>\n

Snowflake announced Q4 product revenue growth of 33% y\/y, which would seem to be enough to support the stock's valuation, but Koon's guidance calls for Q1 y\/y growth to slow to 26% to 27%.<\/p>\n

The sell-off in the stock should reset expectations and create conditions for a better report, and KeyBanc believes the company's long-term growth rate will stabilize at 20% due to the continued migration of the\u66cf cloud service.<\/p>\n

In fact, the cloud market remains a huge long-term growth opportunity. According to Canalys, total global cloud infrastructure services spending is estimated to be $290 billion in 2023, with a projected growth of 20% in 2024, up from 18% in 2023, which will provide good momentum for Snowflake's business, especially as organizations look for ways to manage their data in a way that prepares them for the use of artificial intelligence. The time to do so is now.<\/p>\n

Snowflake's top-line growth has slowed significantly over the past few years, but with revenue growth stabilizing in the 20%+ range, investors will likely shift their attention to Snowflake's improving profitability. Prior to the sell-off, the company's shares were reasonably valued, so as Snowflake continues to grow, the analysts' target price for the shares seems justified.<\/p>\n

Should you invest $1,000 in Snowflake now?<\/h2>\n

Consider this before buying shares of Snowflake:<\/p>\n

<\/div>\n

Motley Fool Stock Advisor<\/em>A team of analysts has just named what they think is the best name for investors to buy right now.10<\/strong>Snowflake is not one of the 10 stocks listed on ....... The 10 stocks that made the list are poised to generate huge returns over the next few years.<\/p>\n

Stock Advisor<\/em>It provides investors with an easy-to-understand blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. Since 2002, StockAdvisor<\/em>The service has more than doubled the return on the S&P 500 Index.<\/p>\n

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View 10 stocks only<\/strong><\/p>\n

*Stock Advisory Rates as of April 8, 2024<\/span><\/em><\/em><\/p>\n

John Ballard does not hold any of the above stocks.The Motley Fool holds a recommendation for Snowflake.The Motley Fool has a disclosure policy.<\/em><\/p>\n

Snowflake Stock Has 16% Upside According to One Wall Street Analyst was originally published by The Motley Fool.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Spending on cloud services is expected to grow in 2024.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[55],"tags":[1082,197,243,686],"blocksy_meta":"","yoast_head":"\n\u4e00\u4f4d\u83ef\u723e\u8857\u5206\u6790\u5e2b\u8a8d\u7232\u96ea\u82b1\u80a1\u7968\u6709 16% \u7684\u4e0a\u6f32\u7a7a\u9593 - Apple Latest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/applelatest.com\/en\/stocks\/1689.html\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u4e00\u4f4d\u83ef\u723e\u8857\u5206\u6790\u5e2b\u8a8d\u7232\u96ea\u82b1\u80a1\u7968\u6709 16% \u7684\u4e0a\u6f32\u7a7a\u9593\" \/>\n<meta property=\"og:description\" content=\"\u9810\u8a08 2024 \u5e74\u96f2\u670d\u52d9\u652f\u51fa\u5c07\u6709\u6240\u589e\u9577\u3002\" \/>\n<meta property=\"og:url\" content=\"https:\/\/applelatest.com\/en\/stocks\/1689.html\/\" \/>\n<meta property=\"og:site_name\" content=\"Apple Latest\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-12T10:07:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/DfCG_TorqagehIJTiJkx0A--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU3Ng--\/https:\/\/media.zenfs.com\/en\/motleyfool.com\/e8bdde80fdfbb69f1ca2e20c8aa4799b\" \/>\n<meta name=\"author\" content=\"applelatest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"applelatest\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/applelatest.com\/uncategorized\/1689.html#article\",\"isPartOf\":{\"@id\":\"https:\/\/applelatest.com\/uncategorized\/1689.html\"},\"author\":{\"name\":\"applelatest\",\"@id\":\"https:\/\/applelatest.com\/#\/schema\/person\/ed60be871043e449bf7d8e44ac3499a7\"},\"headline\":\"\u4e00\u4f4d\u83ef\u723e\u8857\u5206\u6790\u5e2b\u8a8d\u7232\u96ea\u82b1\u80a1\u7968\u6709 16% \u7684\u4e0a\u6f32\u7a7a\u9593\",\"datePublished\":\"2024-04-12T10:07:30+00:00\",\"dateModified\":\"2024-04-12T10:07:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/applelatest.com\/uncategorized\/1689.html\"},\"wordCount\":33,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/applelatest.com\/#organization\"},\"keywords\":[\"KeyBanc\",\"Motley Fool \u80a1\u7968\u9867\u554f\",\"\u589e\u9577\u6a5f\u6703\",\"\u76ee\u6a19\u50f9\u683c\"],\"articleSection\":[\"stocks\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/applelatest.com\/uncategorized\/1689.html#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/applelatest.com\/uncategorized\/1689.html\",\"url\":\"https:\/\/applelatest.com\/uncategorized\/1689.html\",\"name\":\"\u4e00\u4f4d\u83ef\u723e\u8857\u5206\u6790\u5e2b\u8a8d\u7232\u96ea\u82b1\u80a1\u7968\u6709 16% \u7684\u4e0a\u6f32\u7a7a\u9593 - 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