Snowflake Grows 29% in 2024, AI Push Could Drive Future Gains
Mar 4, 2025
Snowflake, a data platform company, reported its fiscal year results, with sales growing 29% and free cash flow increasing 14%, resulting in a 24.5% FCF margin. The firm continues to expand primarily within large enterprise companies, as reflected in its 126% net retention rate—indicating that nearly all of its growth comes from existing customers. The number of customers spending over $1 million annually grew 26% to 580. Like many of the stocks we follow, Snowflake is aggressively investing in AI-driven solutions, launching its "Cortex AI" technology to help customers build data agents. Data analysis and comprehension are strong use cases for AI, and I believe these efforts could significantly impact Snowflake’s growth. This has always been a business I like, but it has rarely been priced attractively. That remains the case today, with the stock trading well above my $140 price target.
Follow @GreenDotStocks
Information contained on this website represents only the opinions of the author and should not be used as the sole basis for investing decisions. By using this site, you agree to all statements in the Site Policy.
Watch List
| APPF | -3.02% |
| CMG | 43.83% |
| VEEV | 16.09% |
| INTU | 19.56% |
| WDAY | -7.52% |
| PSTG | -0.65% |
| RDDT | 18.10% |
| NTNX | 24.37% |
| CRWD | 94.01% |
| SE | 26.50% |
| SNOW | 13.14% |
vs. Fair Value Estimates
Buy List
| PINS | -36.44% |
| SEMR | -33.35% |
| TSM | -40.82% |
| ZETA | -27.00% |
| GOOG | -49.43% |
| NYAX | -28.98% |
| MSFT | -28.62% |
| ODD | -29.76% |
| FLYW | -42.32% |
| HRMY | -59.44% |
| YOU | -38.27% |
| ABNB | -31.17% |
| ADBE | -42.81% |
vs. Fair Value Estimates
Hold List
| ASML | -22.86% |
| VTEX | -14.24% |
| ASR | -23.26% |
| CELH | 46.96% |
| TOST | 20.33% |
| CPNG | -11.55% |
| HIMS | -19.74% |
| PAYC | -18.13% |
| MNDY | 18.61% |
| GLBE | -21.26% |
| ZS | 32.26% |
| V | -7.16% |
| ADSK | -0.03% |
| NOW | 14.16% |
| MELI | -23.30% |
| FTNT | -0.20% |
| TEAM | 0.30% |
vs. Fair Value Estimates