Explore the latest developments concerning Snowflake (SNOW) Price.
Snowflake (SNOW) Price Targets Adjusted Ahead of Earnings
Snowflake Inc. (NYSE:SNOW) is one of the 10 AI Stocks That Are About to Explode. On May 19, Benchmark increased its price target on Snowflake Inc. (NYSE:SNOW) from $190 to $200 and kept its Buy rating.
The research firm expects the company to report product revenue and operating income above market expectations. Benchmark noted that Snowflake Intelligence, Cortex Code, and Observe are helping drive AI adoption across over 9,000 accounts. According to the firm, cloud consumption and generative AI workloads are expected to support increased usage of Snowflake Inc.’s (NYSE:SNOW) AI Data Cloud.
In other news, on May 15, RBC Capital reduced its price target on Snowflake Inc. (NYSE:SNOW) from $245 to $220 and maintained its Outperform rating on the stock.
Should You Buy, Sell, or Hold SNOW Stock Before Q1 Earnings Release?
Snowflake SNOW is set to release first-quarter fiscal 2027 results on May 27.
The Zacks Consensus Estimate for first-quarter fiscal 2027 earnings has remained steady at 32 cents per share over the past 30 days, indicating a year-over-year increase of 33.33%. The consensus mark for first-quarter revenues is pegged at $1.32 billion, indicating an increase of 26.85% from the year-ago quarter’s reported figure.
SNOW’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, with the average earnings surprise being 18.78%.
Let’s see how things have shaped up for SNOW prior to this announcement:
Snowflake’s fiscal first-quarter performance is expected to have reflected an expanding clientele, driven by strong AI capabilities and a rich partner base.
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Snowflake Inc. (NYSE:SNOW) Given Consensus Rating of "Moderate Buy" by Brokerages
Shares of Snowflake Inc. (NYSE:SNOW – Get Free Report) have received an average rating of "Moderate Buy" from the forty research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $242.1892.
A number of analysts have recently issued reports on SNOW shares. Morgan Stanley cut their price target on shares of Snowflake from $270.00 to $245.00 and set an "overweight" rating for the company in a report on Thursday, February 26th. Stifel Nicolaus set a $205.00 price target on shares of Snowflake in a report on Thursday, February 26th. Citigroup restated a "buy" rating on shares of Snowflake in a report on Monday, May 18th. Wells Fargo & Company decreased their target price on shares of Snowflake from $290.00 to $210.00 and set an "overweight" rating on the stock in a research report on Thursday, February 26th. Finally, Evercore set a $200.00 target price on shares of Snowflake in a research report on Tuesday, April 14th.
For more detailed information, explore updates concerning Snowflake (SNOW) Price.
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