
Snowflake (SNOW) Stock Forecast & Price Target
Snowflake (SNOW) Analyst Ratings
Bulls say
Snowflake's strong financial performance is highlighted by a projected product revenue of $4,446 million for FY26E, reflecting a 28% year-over-year growth, supported by robust adoption of AI and data engineering products, which reached a $100 million run rate in AI revenue. The company also reported a significant increase in remaining performance obligations (RPO), rising $950 million quarter-over-quarter to $7.9 billion, driven by signing a record number of nine-figure deals. Furthermore, Snowflake's operational efficiency remains intact, with a stable non-GAAP product gross margin of 75% and an operating margin of 9%, indicating a solid foundation for sustained growth and profitability.
Bears say
Snowflake's financial outlook faces significant challenges due to a forecasted revenue deceleration that has been exacerbated by rising competition from major players like Microsoft and ServiceNow. Management's operating margin guidance for the fourth quarter represents a disappointing shortfall compared to market expectations, and the overall growth trajectory, while seemingly on track, lacks clear upside catalysts. Additionally, potential macroeconomic headwinds and execution risks associated with maintaining high trading multiples contribute to a cautious view on Snowflake's future 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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