Morningstar Expands Data Services on Snowflake Marketplace
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 31 2026
0mins
Source: Newsfilter
- Data Availability Enhancement: Morningstar has announced that its investment data is now live on the Snowflake platform, with additional datasets expected to launch by 2026, significantly improving investment professionals' access to trusted data and enhancing client decision-making efficiency.
- Diverse Data Coverage: Morningstar's indexes, sustainability, and credit analytics data are now available on Snowflake Marketplace, allowing clients to access these datasets directly within their analytical environments, thereby driving business integration for market participants.
- Client Demand Alignment: The CTO of Morningstar stated that clients increasingly want to integrate Morningstar data directly into their analytics and decision-making environments, a move that not only meets market demand but also enhances Morningstar's competitiveness in the financial services sector.
- Future Growth Potential: Morningstar plans to launch more core investment data in 2026, which is expected to provide institutional investors and asset management firms with more efficient data management solutions, further solidifying its market leadership position.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy MORN?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on MORN
Wall Street analysts forecast MORN stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 180.730
Low
250.00
Averages
285.00
High
320.00
Current: 180.730
Low
250.00
Averages
285.00
High
320.00
About MORN
Morningstar, Inc. is a provider of independent investment insights. The Company's segments include Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement. The Morningstar Direct Platform provides investors with data, research and insights, and investment analysis to empower investment decision-making. The PitchBook provides investors with access to data, research, analytics, and artificial intelligence (AI) enabled software across private capital markets, including venture capital, private equity, private credit, bank loans, and mergers & acquisitions (M&A). Morningstar Credit provides investors with credit ratings, research, data, and credit analytics solutions. Morningstar Wealth provides investment products, investor tools, and an advisor platform powered by research and data. The Morningstar Retirement offers products designed to help individuals reach retirement goals.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Data Integration Innovation: PitchBook's partnership with Harvey introduces the PitchBook Premium Connector, embedding private market data directly into legal and deal workflows, allowing users to retrieve data using natural language prompts within the same workspace, thereby enhancing efficiency and data accessibility.
- Efficiency Enhancement: This integration enables deal teams and legal advisors to quickly generate investment committee memos, sector and fund analyses, and conduct due diligence by combining PitchBook data, significantly reducing document preparation time and improving decision-making accuracy.
- Secure Access Assurance: With Single Sign-On (SSO) functionality, mutual customers of PitchBook and Harvey can securely access the integrated tools, ensuring data security and compliance, which further enhances customer trust in data quality.
- Market Leadership: As a leading provider of private market intelligence, PitchBook continues to solidify its market position with over 100,000 clients and a global workforce of 3,000 employees, while its collaboration with Harvey further extends its influence in the legal and professional services sector.
See More
- Historic IPO: SpaceX plans to list on the Nasdaq later this month with a projected valuation of $2 trillion, making it the largest initial public offering (IPO) in U.S. history, which could significantly impact the market.
- Valuation Risks: The initial price-to-sales ratio for SpaceX is expected to be around 103, which is 40% higher than the most expensive stock in the S&P 500, and historical data indicates that stocks with a P/S ratio above 100 often experience a 75% decline in value, prompting caution among investors.
- Underperformance Trend: According to FactSet Research, the ten largest IPOs on record have underperformed the S&P 500 by an average of 127 percentage points since their listings, suggesting that SpaceX may follow this trend, leading investors to consider waiting for a better entry point.
- Future Growth Potential: SpaceX's addressable market is estimated at $28.5 trillion, which includes $360 billion from launch and mission services, $1.6 trillion from Starlink broadband services, and $26.5 trillion from AI infrastructure services, indicating substantial long-term growth opportunities.
See More
- IPO Market Value: SpaceX plans to launch its IPO with a valuation near $2 trillion, making it the largest IPO in U.S. history, significantly surpassing Meta Platforms' $81 billion, indicating strong market enthusiasm for its future potential.
- Valuation Risks: SpaceX's expected price-to-sales ratio of 103 times is 40% higher than the most expensive stock in the S&P 500, Palantir, suggesting that such a high valuation could lead to significant price declines, warranting caution from investors.
- Historical Performance: The ten largest U.S. IPO stocks have underperformed the S&P 500 by an average of 127 percentage points since their listings, indicating that SpaceX's IPO may face similar long-term performance risks, prompting investors to consider better entry points.
- Market Potential: SpaceX's addressable market is estimated at $28.5 trillion, including $360 billion from launch and mission services, $1.6 trillion from Starlink broadband, and $26.5 trillion from AI infrastructure services, suggesting that despite its high valuation, its future growth potential remains attractive to investors.
See More
- Significant Revenue Growth: Morningstar reported Q1 2026 revenue of $644.8 million, a 10.8% year-over-year increase, with the Morningstar Direct platform contributing $215.2 million, indicating strong demand in the financial data and analytics sector, further solidifying the company's market position.
- Accelerated Buyback Program: In 2025, Morningstar repurchased 3.276 million shares for $787 million, and an additional 1.723 million shares in Q1 2026, reflecting the company's strategy to buy back aggressively during price dips, with an expected annual reduction of 5% to 6% in shares outstanding.
- Outstanding Credit Ratings Performance: Morningstar's credit segment saw a 38.4% revenue increase to $101 million in Q1 2026, driven by a robust issuance market, indicating significant market share gains in the high-barrier credit ratings industry, enhancing overall profitability.
- Market Valuation Challenges: Despite a forward P/E ratio of approximately 17, below major industry peers, Morningstar's ongoing revenue growth and buyback strategy may present long-term return opportunities for investors, especially as market concerns about its future earning power appear excessive.
See More
- Gold Price Decline: Spot gold prices fell by 0.6% to $4,428.69 per ounce, marking a third consecutive day of losses, reflecting market skepticism regarding a potential US-Iran deal impacting investor confidence.
- Inflation Data Impact: The US personal consumption expenditures price index rose 3.8% year-on-year in April, in line with expectations, with a month-on-month increase of 0.4%, enhancing market expectations that the Federal Reserve may hold interest rates steady.
- Geopolitical Risks: Iran's targeting of a US airbase and Trump's rejection of a compromise deal with Tehran have further heightened market uncertainty, leading to a decline in gold's appeal as a safe-haven asset.
- Precious Metals Market Performance: Silver and platinum prices fell by 1.2% and 1.6% respectively, indicating a weak performance across the precious metals market amid high inflation and geopolitical risks, as investors gravitate towards yield-bearing assets.
See More
- Record Revenue: Nvidia reported a record revenue of $81.6 billion for fiscal Q1 2027, representing an 85% year-over-year increase and marking 14 consecutive quarters of revenue growth, highlighting its robust performance and sustained demand in the AI sector.
- Surge in Data Center Revenue: Data center revenue, which now constitutes the bulk of Nvidia's earnings, rose 92% year-over-year to $75.2 billion, indicating the company's leadership in cloud computing and AI infrastructure, further solidifying its market share.
- High Profit Margins Maintained: Nvidia's recent gross margin of 74.9% demonstrates its ability to maintain efficient cost control and profitability while experiencing rapid growth, enhancing investor confidence in its future prospects.
- Analysts Remain Bullish: Despite market skepticism regarding Nvidia's market cap, 52 out of 54 analysts rate the stock as a buy, with an average price target of $299, indicating a potential 35% upside from current levels and reflecting optimism about its future performance.
See More











