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Updated 1m ago
SNOW logo

Snowflake Inc.NYSE:SNOW Aktierapport

Marknadsvärde US$116.8b
Updated 1m ago
Aktiekurs
n/a
1Y46.8%
7D-7.5%
1D-0.5%
Portföljens värde
​
Utsikt

Snowflake Inc.

NYSE:SNOW Aktierapport

Börsvärde: US$116.8b

  • Översikt över företaget
  • Värdering
  • Framtida tillväxt
  • Tidigare resultat
  • Finansiell hälsa
  • Utdelning
  • Förvaltning
  • Ägarskap
  • Övrig information
  • Aktiegemenskap

Snowflake (SNOW) Aktievy

Snowflake Inc. tillhandahåller en molnbaserad dataplattform för olika organisationer i USA och internationellt. Mer information

SNOW fundamental analys
Snöflinga Score
Värdering0/6
Framtida tillväxt6/6
Tidigare resultat0/6
Finansiell hälsa4/6
Utdelningar0/6

Belöningar

Intäkterna förväntas växa med 53.68% per år

Riskanalys

Betydande insiderförsäljning under de senaste 3 månaderna


SNOW Community Fair Values

Create Narrative

See what 351 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
20.2% undervärderad intrinsisk rabatt
AnalystConsensusTarget
•20h ago

Enterprise AI Adoption And Cloud Migration Will Generate Lasting Momentum

1.3k
0
85
AN
AnalystHighTarget
28.7% undervärderad intrinsisk rabatt
AnalystHighTarget
•14d ago

Cloud Migration And AI Adoption Will Expand Global Markets

210
0
10
AN
AnalystLowTarget
74.5% övervärderad intrinsisk rabatt
AnalystLowTarget
•28d ago

Traditional Platforms Will Struggle Under AI Competition And Regulation

229
1
8

Top Community Narratives

BR
Brogers
318.3% övervärderad intrinsisk rabatt
Brogers
•3mo ago

The cloud data warehouse space is heating up, and Snowflake sits right in the middle of it all

1.2k
1
27
YI
1.2k% övervärderad intrinsisk rabatt
yiannisz
•10mo ago

Snowflake Stock: AI Tailwinds Lift Growth, But Compute Efficiency Remains the Real Test

278
0
3

Top Community Narratives

Top Analyst Narratives

BR
Brogers
318.3% övervärderad intrinsisk rabatt
Brogers
•3mo ago

The cloud data warehouse space is heating up, and Snowflake sits right in the middle of it all

1.2k
1
27
AN
AnalystConsensusTarget
20.2% undervärderad intrinsisk rabatt
AnalystConsensusTarget
•20h ago

Enterprise AI Adoption And Cloud Migration Will Generate Lasting Momentum

1.3k
0
85
YI
1.2k% övervärderad intrinsisk rabatt
yiannisz
•10mo ago

Snowflake Stock: AI Tailwinds Lift Growth, But Compute Efficiency Remains the Real Test

278
0
3
AN
AnalystHighTarget
28.7% undervärderad intrinsisk rabatt
AnalystHighTarget
•14d ago

Cloud Migration And AI Adoption Will Expand Global Markets

210
0
10
AN
AnalystLowTarget
74.5% övervärderad intrinsisk rabatt
AnalystLowTarget
•28d ago

Traditional Platforms Will Struggle Under AI Competition And Regulation

229
1
8
View all narratives

Snowflake Inc. Konkurrenter

Cloudflare

Symbol: NYSE:NET
Market cap: US$111.9b

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Symbol: NasdaqGS:SHOP
Market cap: US$163.1b

MongoDB

Symbol: NasdaqGM:MDB
Market cap: US$28.9b

Twilio

Symbol: NYSE:TWLO
Market cap: US$34.9b

Prishistorik och prestanda

Sammanfattning av aktiekursernas upp- och nedgångar samt förändringar för Snowflake
Historiska aktiekurser
Aktuell aktiekursUS$329.72
52 veckors högstaUS$384.56
52 veckors lägstaUS$118.30
Beta1.33
1 månads förändring-1.32%
3 månaders förändring41.64%
1 års förändring46.85%
3 års förändring102.31%
5 års förändring1.92%
Förändring sedan börsintroduktionen29.85%

Senaste nyheter och uppdateringar

Seeking Alpha • Sep 09

Snowflake: Blowout Guidance, Growth Acceleration, High Margin Play On AI

Summary Snowflake delivered strong Q2 results, with accelerating top line growth and robust free cash flow driven by enterprise adoption of its AI Data Cloud. SNOW reported 37% year-over-year product revenue growth, a net retention rate of 126%, and beat consensus on both revenue and non-GAAP EPS. Demand for AI data services and high-margin Cortex AI offerings underpin the case for a premium 20xrevenue multiple and continued upside. I maintain a 'Strong Buy' rating, citing improving profitability, strong customer retention, and a favorable outlook for margin expansion in the second half. Read the full article on Seeking Alpha
User avatar
Uppdatering av berättelse • Aug 27

SNOW: AI Data Cloud Workloads Will Drive Future Stock Upside

Snowflake's analyst fair value estimate has risen from about $401 to roughly $462, reflecting a reset in models where analysts cite higher expected revenue growth, improving profit margins, and lower assumed future P/E multiples as they factor in broad software multiple expansion along with ongoing traction for the CoCo and Cortex AI tools. Analyst Commentary Recent Street research on Snowflake points to a broadly constructive tone, with many bullish analysts lifting price targets ahead of upcoming earnings.

Recent updates

Seeking Alpha • Sep 09

Snowflake: Blowout Guidance, Growth Acceleration, High Margin Play On AI

Summary Snowflake delivered strong Q2 results, with accelerating top line growth and robust free cash flow driven by enterprise adoption of its AI Data Cloud. SNOW reported 37% year-over-year product revenue growth, a net retention rate of 126%, and beat consensus on both revenue and non-GAAP EPS. Demand for AI data services and high-margin Cortex AI offerings underpin the case for a premium 20xrevenue multiple and continued upside. I maintain a 'Strong Buy' rating, citing improving profitability, strong customer retention, and a favorable outlook for margin expansion in the second half. Read the full article on Seeking Alpha
User avatar
Uppdatering av berättelse • Aug 27

SNOW: AI Data Cloud Workloads Will Drive Future Stock Upside

Snowflake's analyst fair value estimate has risen from about $401 to roughly $462, reflecting a reset in models where analysts cite higher expected revenue growth, improving profit margins, and lower assumed future P/E multiples as they factor in broad software multiple expansion along with ongoing traction for the CoCo and Cortex AI tools. Analyst Commentary Recent Street research on Snowflake points to a broadly constructive tone, with many bullish analysts lifting price targets ahead of upcoming earnings.
User avatar
Uppdatering av berättelse • Aug 13

SNOW: AI Workload Momentum Will Eventually Clash With Elevated Share Pricing

Analysts raised their Snowflake price target to $400 from $295, citing stronger AI-driven consumption trends, expanding CoCo usage, and faster migration activity. These factors support expectations for higher revenue growth and improving profitability assumptions, despite a slightly higher discount rate and a lower fair value estimate of $188.98.
User avatar
Uppdatering av berättelse • Jul 30

SNOW: AI Workload Excitement Will Eventually Confront Rich Share Price

Analysts have lifted the Snowflake fair value estimate from $184.62 to $201.34, reflecting a broad wave of higher price targets driven by growing confidence in the company's AI related workloads and product adoption. Analyst Commentary Recent Street research around Snowflake shows a cluster of higher price targets and upbeat commentary on AI driven workloads, but it also includes a smaller pocket of more cautious voices.
User avatar
Uppdatering av berättelse • Jul 15

SNOW: AI Deal And Enterprise Workloads Will Eventually Test Lofty Expectations

Analysts have lifted their Snowflake fair value estimate from $177.23 to $184.62, reflecting a series of higher Street price targets that cite stronger AI workload adoption, early traction from Cortex Code and CoCo, and growing confidence in the company’s role as a core platform for enterprise AI usage. Analyst Commentary Street research around Snowflake has turned more constructive following its recent results, with many firms lifting price targets and highlighting AI products like Cortex Code, CoCo, CoWork, and Snowflake Intelligence as key usage drivers.
User avatar
Uppdatering av berättelse • Jul 01

SNOW: AI Data Cloud Adoption Should Support Long-Term Earnings Power

Snowflake's analyst fair value estimate has been raised from $232.74 to $292.53. Analysts point to stronger AI driven workload adoption around Cortex Code, CoCo, and CoWork, faster product rollout, and earlier than expected GAAP profitability as key reasons for the higher price targets across recent research updates.
Analysartikel • Jun 17

Snowflake (SNOW) Stock Could Be 202% Overvalued After The Unlimitail Data Hub Win

Snowflake (SNOW) is back in focus after Unlimitail selected its platform to power a new Global Retail Media Data Hub, using Snowflake Data Clean Rooms to support secure, large-scale data collaboration across retailers and brands. See our latest analysis for Snowflake. For investors watching Snowflake stock, the latest Unlimitail partnership lands against a backdrop of strong momentum, with a 30 day share price return of 51.34% and a 1 year total shareholder return of 13.78%. The 3 year total...
User avatar
Uppdatering av berättelse • Jun 17

SNOW: AI Data Cloud Partnerships Will Drive Future Stock Adoption

Snowflake stock's analyst fair value estimate has been lifted from $336.74 to $400.61, as analysts point to broad price target increases across the Street tied to stronger AI workload adoption around Cortex Code, CoCo and the newer agentic platform unveiled at Snowflake Summit 2026. Analyst Commentary Recent research on Snowflake centers on how the company is executing around AI, particularly Cortex Code, CoCo, CoWork, Snowflake Intelligence, and the newer agentic platform.
User avatar
Uppdatering av berättelse • Jun 05

Snowflake Q1 FY2027: Growth Reaccelerates, AWS Megadeal Signals Demand

Overall a strong quarter, with revenue of $1.39b up 34% from the year prior, and an operating loss of $297m compared to $424m one year ago Snowflake raised guidance for full year 2027 revenue of $5.84b, up from $5.66b One thing to note is that remaining performance obligations at the end of the quarter of $9.2b, which was up from $6.7b one year ago, but actually down slightly from $9.8b at the end of last quarter. However, this might reflect the timing of customer renewals more than a softening of demand Management again highlighted the launch and uptake of AI features - notably Snowflake Intelligence, Cortex Agents, and Cortex Code - in its commentary Snowflake also announced a ~$6b compute deal with AWS over the next 5 years, reflecting expectations of increased demand from customers It also announced the acquisition of Natoma, an enterprise MCP (Model Context Protocol) platform that governs how AI agents connect to and take actions across enterprise systems, extending Snowflake's governance perimeter from data to AI agent activity That's all for this one - catch you in the next update!
User avatar
Uppdatering av berättelse • Jun 03

SNOW: AI Hype And AWS Deal Will Eventually Strain Lofty Expectations

Analysts have increased Snowflake’s fair value estimate from $122.15 to $177.23, reflecting updated views on AI-driven workloads, new products like Cortex Code and CoWork, and the company's efforts to defend its position against large cloud competitors. Analyst Commentary Recent Street research has generally taken a constructive view on Snowflake following its Q1 results, Investor Day, and Snowflake Summit.
Analysartikel • Jun 02

Earnings Update: Here's Why Analysts Just Lifted Their Snowflake Inc. (NYSE:SNOW) Price Target To US$281

The investors in Snowflake Inc. 's ( NYSE:SNOW ) will be rubbing their hands together with glee today, after the share...
User avatar
Uppdatering av berättelse • May 20

SNOW: AI Adoption Momentum Will Eventually Struggle To Justify Elevated Expectations

Analysts cut the Snowflake fair value estimate from $176.00 to about $122.15 as they recalibrated price targets in response to a mix of reduced valuation multiples, ongoing AI related debate, and still supportive checks on product adoption and AI offerings such as Cortex Code and Snowflake Intelligence. Analyst Commentary Recent Street research presents a mixed backdrop for Snowflake, with many firms trimming valuation targets while still highlighting AI related products such as Cortex Code and Snowflake Intelligence as key parts of the story.
User avatar
Uppdatering av berättelse • May 04

SNOW: AI Workloads And Data Consumption Should Support Long-Term Earnings Power

Snowflake's updated fair value estimate has been trimmed by about $4 to $232.74, reflecting analysts' broad reset of price targets after recent Q4 results and revised models that balance high AI related enthusiasm with more measured growth and margin assumptions. Analyst Commentary Recent Street research shows a clear reset in Snowflake's price targets surrounding the Q4 print and updated long term guidance, but the tone across reports is far from one sided.
User avatar
Uppdatering av berättelse • Apr 19

SNOW: AI Use Cases And Data Consumption Should Support Long-Term Earnings Power

The Snowflake analyst fair value estimate has been revised lower from $282.90 to $236.61, as analysts reset price targets across the sector while still highlighting solid Q4 results and growing AI related use cases in recent research. Analyst Commentary Recent research on Snowflake shows a wide range of updated price targets, with many firms lowering their targets while still pointing to solid Q4 execution and growing AI use cases as key parts of the story.
User avatar
Uppdatering av berättelse • Apr 05

SNOW: AI Partnerships And Q4 Execution Will Support Premium Multiple

Narrative Update The analyst price target for Snowflake has been reset lower, with the fair value estimate moving from $181.76 to $176.00 as analysts balance slightly softer modeled revenue growth and a higher discount rate against Q4 AI momentum, ongoing AI partnerships, and generally supportive long term views reflected in refreshed targets across the Street. Analyst Commentary Research commentary on Snowflake has become more mixed, with many firms trimming price targets even as they acknowledge solid Q4 execution, AI traction, and what they describe as healthy forward indicators.
User avatar
Uppdatering av berättelse • Mar 22

SNOW: OpenAI Partnership And AI Workloads Will Drive Future Platform Adoption

Snowflake's updated analyst price target edges slightly lower, with investors seeing a roughly $4 reduction in fair value as analysts refresh their models around Q4 results, tighter discount rates, and modestly higher long term revenue growth and profit margin assumptions tied to building AI use cases and recent partnerships. Analyst Commentary Street research around the Q4 print reflects a mixed but generally constructive stance, with most firms trimming price targets while still pointing to solid execution, AI traction and supportive long term growth frameworks.
User avatar
Uppdatering av berättelse • Mar 20

Burning Paper, Printing Cash: How a $300M Loss Is Hiding Success

The latest financial data for the fourth quarter of 2026 shows a company that is growing fast and holding a lot of cash. While spending remains high, the business is seeing a significant increase in money coming in from customers.
User avatar
Uppdatering av berättelse • Mar 07

SNOW: OpenAI Alliance And AI Workloads Will Drive Future Platform Adoption

We are trimming our Snowflake fair value estimate by about $25.80 to $341.03, reflecting a higher discount rate and lower future P/E assumption, even as analysts point to solid Q4 execution, accelerating AI use cases, and generally supportive long term growth and margin profiles in their updated price targets. Analyst Commentary Street research around Snowflake has been active, with most firms adjusting price targets while still expressing confidence in the company’s execution, AI positioning, and long term opportunity.
User avatar
Uppdatering av berättelse • Feb 21

SNOW: AI Partnerships And Consumption Strength Will Test Previously Fragile Premium Multiple

Snowflake's fair value estimate has been trimmed from $198.37 to $181.76 as analysts reset price targets lower across software, even while pointing to solid consumption trends, broadening AI related use cases, and sustained demand for data infrastructure. Analyst Commentary Recent Street research around Snowflake points to a more cautious tone even as many firms still highlight solid demand trends and broader AI related use cases.
User avatar
Uppdatering av berättelse • Feb 06

SNOW: OpenAI Partnership And AI Demand Will Drive Future Platform Adoption

Narrative Update: Snowflake Analysts have lifted their fair value estimate for Snowflake to US$366.83 from US$334.94. This reflects updated assumptions for slightly lower revenue growth, a modestly reduced discount rate, a higher future P/E multiple, and increased AI consumption potential tied to Snowflake's new US$200m partnership with OpenAI and broader AI focused research commentary.
User avatar
Uppdatering av berättelse • Jan 23

SNOW: AI Workloads And Observe Deal Talks Will Support Long-Term Earnings Power

Narrative Update The analyst price target for Snowflake has edged down by about $1 to roughly $283, as analysts incorporate expectations for steady revenue growth and margin trends, moderating discount rates, and slightly lower future P/E assumptions, while weighing mixed recent research that highlights AI driven demand alongside valuation and competitive pressures. Analyst Commentary Recent Street research around Snowflake reflects a mix of optimism on its data platform and AI positioning, paired with clear caution on valuation and competitive intensity.
User avatar
Uppdatering av berättelse • Jan 09

SNOW: AI Demand And Expanded Partnerships Will Support Long-Term Earnings Power

Narrative Update on Snowflake Analysts have nudged our Snowflake fair value estimate slightly higher from US$281.73 to US$283.52, citing recent price target increases toward US$300 to US$325 that reference robust AI driven demand, expanding margins, and what they view as a constructive setup into 2025. Analyst Commentary Recent Street research around Snowflake has been broadly constructive, with several bullish analysts lifting price targets into the US$295 to US$325 range and one upgrade framing current levels as a potential entry point after a weaker Q3 reaction.
User avatar
Uppdatering av berättelse • Dec 25

SNOW: Rising AI Hype Will Likely Expose Fragile Premium Multiple

Our fair value estimate for Snowflake has increased by approximately $12 per share to about $198, as analysts point to higher Street price targets driven by robust AI fueled demand, stronger second half 2025 expectations, and growing conviction in the company’s long term revenue scale and earnings power. Analyst Commentary Recent Street research has turned incrementally more constructive on Snowflake, with multiple firms lifting price targets into the $295 to $325 range and reiterating positive ratings.
User avatar
Uppdatering av berättelse • Dec 11

SNOW: Enterprise AI Demand Will Drive Long-Term Earnings Power And Upside Potential

Analysts have nudged our Snowflake fair value estimate higher to approximately $282 from about $273 per share, citing a wave of Street price target hikes toward the $295 to $325 range and increased confidence that robust, AI driven demand can support stronger long term earnings power, despite only modest tweaks to growth and margin assumptions. Analyst Commentary Bullish analysts are broadly lifting targets into the $295 to $325 range, characterizing Snowflake as a key beneficiary of accelerating enterprise AI adoption and improving demand visibility into 2025 and beyond.
User avatar
Uppdatering av berättelse • Nov 27

SNOW: Enterprise AI Demand Will Drive Revenue Gains Amid Competitive Risks

Snowflake's analyst price target has risen from $266.56 to $272.69 per share, reflecting analysts' optimism around robust enterprise AI demand and indications of accelerating revenue growth momentum. Analyst Commentary Recent analyst reports highlight growing confidence in Snowflake's market positioning and future revenue potential, supported by continued AI adoption and strong enterprise demand.
User avatar
Uppdatering av berättelse • Nov 21

Snowflake vs. The $130B Giant: Can This New AI "Agent" Save the Stock?

From Promises to Production: The Agentic AI Shift The narrative has shifted from potential partnerships to tangible products. In November 2025, Snowflake delivered on its collaboration with Anthropic by launching Snowflake Intelligence and new Agentic AI capabilities .
User avatar
Uppdatering av berättelse • Nov 13

SNOW: Future Revenue Outperformance And AI Momentum Will Support Balanced Market Outlook

Snowflake's fair value estimate has risen modestly by about $3 to $266.56 per share. Analysts cite persistent product revenue outperformance, ongoing AI-driven momentum, and robust customer growth as factors supporting higher price targets.

Aktieägarnas avkastning

SNOWUS ITUS Marknad
7D-7.5%1.3%-0.2%
1Y46.8%1.2%14.8%

Avkastning vs industri: SNOW översteg US IT branschen som gav 1.2 % under det senaste året.

Avkastning vs Marknaden: SNOW översteg US marknaden som gav 14.8 % under det senaste året.

Prisvolatilitet

Is SNOW's price volatile compared to industry and market?
SNOW volatility
SNOW Average Weekly Movement7.3%
IT Industry Average Movement10.6%
Market Average Movement6.9%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.9%

Stabil aktiekurs: SNOW har inte haft någon betydande prisvolatilitet under de senaste 3 månaderna jämfört med marknaden för US.

Volatilitet över tid: SNOW s veckovolatilitet ( 7% ) har varit stabil under det senaste året.

Om företaget

GrundadAnställdaVD OCH KONCERNCHEFWebbplats
20129,394Sridhar Ramaswamywww.snowflake.com

Snowflake Inc. tillhandahåller en molnbaserad dataplattform för olika organisationer i USA och internationellt. Företagets plattform inkluderar artificiell intelligens (AI) Data Cloud, som gör det möjligt för kunder att konsolidera data till en enda sanningskälla för att driva meningsfulla affärsinsikter, bygga dataprogram och dela data och dataprodukter samt tillämpa AI för att lösa affärsproblem. Kunderna finns inom branscherna finansiella tjänster, reklam, media och underhållning, detaljhandel och konsumentvaror, hälsovård och biovetenskap, tillverkning, teknik, telekom, resor och hotell, myndigheter och försvar samt inom den offentliga sektorn.

Snowflake Inc. Sammanfattning av grunderna

Hur förhåller sig Snowflake:s resultat och omsättning till dess börsvärde?
SNOW grundläggande statistik
BörsvärdeUS$116.83b
Vinst(TTM)-US$1.09b
Intäkter(TTM)US$5.43b
21.4x
P/S-förhållande
-106.5x
P/E-förhållande

Är SNOW övervärderat?

Se Verkligt värde och värderingsanalys

Resultat & intäkter

Viktig lönsamhetsstatistik från den senaste resultatrapporten (TTM)
SNOW resultaträkning (TTM)
IntäkterUS$5.43b
Kostnad för intäkterUS$1.79b
BruttovinstUS$3.64b
Övriga kostnaderUS$4.73b
Intäkter-US$1.09b

Senast redovisade vinst

Jul 31, 2026

Nästa vinstdatum

n/a

Vinst per aktie (EPS)-3.09
Bruttomarginal67.03%
Nettovinstmarginal-20.07%
Skuld/egenkapitalförhållande106.2%

Hur har SNOW utvecklats på lång sikt?

Se historisk utveckling och jämförelse

Företagsanalys och finansiella data Status

UppgifterSenast uppdaterad (UTC-tid)
Analys av företag2026/09/10 23:50
Aktiekurs vid dagens slut2026/09/10 00:00
Intäkter2026/07/31
Årlig intjäning2026/01/31

Datakällor

Den data som används i vår företagsanalys kommer från S&P Global Market Intelligence LLC. Följande data används i vår analysmodell för att generera denna rapport. Data är normaliserade vilket kan medföra en fördröjning från det att källan är tillgänglig.

PaketUppgifterTidsramExempel US-källa
Företagets finansiella ställning10 år
  • Resultaträkning
  • Kassaflödesanalys
  • Balansräkning
  • SEC Form 10-K
  • SEC Form 10-Q
Analytikernas konsensusuppskattningar+3 år
  • Prognos för finansiella poster
  • Analytikernas prismål
  • Rapporter från analytiker
  • Blue Matrix
Marknadspriser30 år
  • Aktiekurser
  • Utdelningar, splittar och åtgärder
  • ICE Marknadsdata
  • SEC Form S-1
Ägarskap10 år
  • Största aktieägare
  • Insiderhandel
  • SEC Formulär 4
  • SEC Formulär 13D
Förvaltning10 år
  • Ledningsgrupp
  • Styrelse och verkställande direktörer
  • SEC Form 10-K
  • SEC Form DEF 14A
Viktiga utvecklingstendenser10 år
  • Företagsmeddelanden
  • SEC Formulär 8-K

* Exempel för amerikanska värdepapper, för icke-amerikanska värdepapper används motsvarande regelverk och källor.

Om inget annat anges är all finansiell data baserad på en årsperiod men uppdateras kvartalsvis. Detta kallas data för efterföljande tolv månader (TTM) eller senaste tolv månader (LTM). Lär dig mer om detta.

Analysmodell och snöflinga

Detaljer om analysmodellen som används för att skapa den här rapporten finns på vår Github-sida, vi har också guider om hur du använder våra rapporter och handledningar på Youtube.

Lär dig mer om det som utformade och byggde analysmodellen Simply Wall St.

Industri- och sektormått

Våra bransch- och sektionsmått beräknas var sjätte timme av Simply Wall St, detaljer om vår process finns tillgängliga på Github.

Källor för analytiker

Snowflake Inc. bevakas av 68 analytiker. 49 av dessa analytiker lämnade de uppskattningar av intäkter eller resultat som användes som indata till vår rapport. Analytikernas inskickade estimat uppdateras löpande under dagen.

AnalytikerInstitution
Adam ShepherdArete Research Services LLP
Jamie SheltonArete Research Services LLP
William PowerBaird

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