
Snowflake (SNOW) Stock Forecast & Price Target
Snowflake (SNOW) Analyst Ratings
Bulls say
Snowflake's FY26E expectations showcase robust financial growth, forecasting product revenue of $4,446 million, representing a 28% year-over-year increase, alongside stable non-GAAP product gross and operating margins at 75% and 9%, respectively. The company has experienced significant adoption of its AI-centric products, achieving a $100 million annual run rate in AI revenue, with strong performances particularly in the financial services and technology sectors contributing to a record four nine-figure deals signed. Furthermore, Snowflake’s remaining performance obligation (RPO) surged to $7.9 billion, reflecting a $950 million increase quarter-over-quarter, with a 32% year-over-year growth in current RPO, indicating robust demand and confidence in future revenue generation.
Bears say
Snowflake’s financial outlook appears increasingly negative due to a combination of slower-than-expected revenue growth and rising competition from major cloud service providers, which may lead to a rationalization of its premium trading multiples. Recent quarterly product revenue growth showed a deceleration compared to previous periods, indicating potential challenges in sustaining high growth rates amidst shifting investor sentiment towards hypergrowth stocks. Additionally, Snowflake faces execution risks and the possibility of unexpected revenue declines, while its operational margin guidance remains static, showing a lack of urgency in adapting to a challenging macroeconomic environment.
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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