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Jim Cramer - Mad MoneySnowflakeSNOWBUYDec 18, 2020

We don't know how to value recent IPOs like Snowflake. It's a disruptor of cloud computing. The CEO has a great track record of launching young companies. It's losing a lot of money, but also boasts 119% revenue growth, the highest in this category. This could have huge upside if the CEO executes (compare to Tesla's history).

Jim Cramer - Mad Money

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$334.25

Stock price when the opinion was issued

$231.40

As of Jun 18, 2026. Market Open.

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BUY ON WEAKNESS

Processing and interpretation of massive amounts of warehousing data. Already integral in AI. Embedded in cloud. Price target should increase. Lots of revenue, but still losing money. Wait. Buy between $190-200, $180-190, and $170-180.

(Analysts’ price target is $218.00)

PARTIAL BUY

Run buy a brilliant CEO. If you don't want to spend a boatload on AI stocks, rent this and see how it goes.

PARTIAL BUY

Really likes it. Decent runway in front. With interest rates coming down, SaaS companies are doing better. Consolidates data. Add in thirds here, around $180-185, and at $175.

(Analysts’ price target is $218.00)

BUY

It will ride the AI boom and have a great 2024.

BUY

They just reported a top and bottom line beat and raised their full-year forecast. It's roaring back from recent weakness.

COMMENT

High PE, but should report good earnings next year. Likes it, but is concerned.

PARTIAL BUY

Down 5%.

He has a 12-month price target of $182, so still decent runway. Consolidates data to drive meaningful business insights. Recent August earnings blew out of water on top and bottom. Likes them, but with a smaller position. Buy in thirds at $159.50, 151.50, and 143.

DON'T BUY

Fundamentally, 6/10. Weaker cashflow, without enough history on earnings growth. Choppy chart, lots of volatility. Might have lots of potential, but definitely a higher-risk play. Any headwinds to growth can hugely affect price.

(Analysts’ price target is $198.00)

BUY

A cloud-based data platform for business. Is based on Boise. He targets $184.25, so a decent runway lies ahead.

DON'T BUY

They should benefit from the AI craze. They're in the end users on the software side, managing the databases, but the end users don't have traction like infrastructure, cloud and semis companies. Eventually end users will enjoy traction, but it's too early now.

SELL

He's concerned. The CEO told him he was not happy with his own quarter. Take profits

BUY

It got killed last year with all the cloud computing stocks, but came back this year. After the bell today, it reported an EPS beat and sales up 48%, but guidance disappointed and they cut their full-year forecast. Confusing that shares are falling after hours.

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TOP PICK

Snowflake Inc. is a cloud computing-based data warehousing company based in San Mateo, California. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. The company's name was chosen as a tribute to the founders' love of winter sports. Social media mentions are up 92% in the past 24h.

HOLD

Price target of $198.50. A profitable SaaS. It was a darling, now an absolute bargain down around $120. New offerings, a leader. Powers the cloud business for lots of companies. Stick with it.

BUY

Fine CEO and business model. Good for the long-term.

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