
Snowflake (SNOW) Stock Forecast & Price Target
Snowflake (SNOW) Analyst Ratings
Bulls say
Snowflake is projecting a product revenue of $4,446 million for FY26E, reflecting a 28% year-over-year growth, supported by increasing demand in its core offerings and new product adoption in the data engineering and AI sectors, where it has reached a $100 million run rate in AI revenue. The company reported a significant rise in remaining performance obligations (RPO), which increased by $950 million quarter-over-quarter to $7.9 billion, aided by the signing of a record number of nine-figure deals in the quarter, indicating robust customer acquisition and retention. Additionally, Snowflake's maintained non-GAAP gross margin at 75% and operating margin at 9% further underscore its strong financial health, as it continues to invest in scaling its operations to meet demand.
Bears say
The excerpts indicate several fundamental concerns influencing a negative outlook on Snowflake's stock. Firstly, there is a notable deceleration in product revenue growth and a lack of strong upside drivers compared to previous quarters, leading to increased risks of unexpected revenue deceleration. Additionally, heightened competition from major cloud vendors, alongside the company's relatively high trading multiples and macroeconomic uncertainties, further exacerbate execution risks.
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
Start investing in Snowflake (SNOW)
Order type
Buy in
Order amount
Est. shares
0 shares