
Snowflake (SNOW) Stock Forecast & Price Target
Snowflake (SNOW) Analyst Ratings
Bulls say
Snowflake Inc. demonstrated robust financial performance with a 30% year-over-year growth in product revenue, reaching $1,227 million, and outperforming earnings guidance by $27 million. The company's strong expansion in the remaining performance obligations (RPO), which grew 42% year-over-year to $9.77 billion, reflects healthy demand and a solid customer base, including an increase in high-spend customers to 733. Additionally, management is projecting approximately a 2 percentage point expansion in operating margins for fiscal year 2027, bolstered by the company's innovative data-sharing features that enhance customer retention and lifetime value.
Bears say
Snowflake Inc.'s stock outlook is negatively impacted by a significant reduction in target price and valuation multiples, with the EV/revenue multiple cut from 14.5x to 9.0x, indicating weakened market comparables. Concerns arise from a potential deceleration in subscription revenue growth, increased competition from cloud giants like Microsoft and ServiceNow, and the fading revenue uplift from transitioning data center customers to cloud services. Additionally, external macroeconomic shocks and deterioration in investor sentiment towards high-growth technology stocks present substantial risks that could further hinder performance.
This aggregate rating is based on analysts' research of Snowflake and is not a guaranteed prediction by Public.com or investment advice.
Snowflake (SNOW) Analyst Forecast & Price Prediction
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