
Snowflake (SNOW) Stock Forecast & Price Target
Snowflake (SNOW) Analyst Ratings
Bulls say
Snowflake has demonstrated robust financial performance, with a notable 30% year-over-year growth in product revenue, totaling $1,227 million, which exceeded guidance expectations. Additionally, the company has experienced an impressive 42% year-over-year growth in remaining performance obligations (RPO), amounting to $9.77 billion as it exited FY26, reflecting strong demand for its cloud services. The expansion of high-spend customers, with a 27% increase leading to 733 clients spending over $1 million annually, underscores the platform's ability to drive significant customer stickiness and enhance retention through its innovative data-sharing capabilities.
Bears say
The outlook on Snowflake's stock is negatively impacted by a significant reduction in target price due to lowered valuation multiples, reflecting a broader concern about weakening market comparisons and increased competition from major players like Microsoft and ServiceNow. Notably, there is an anticipated faster-than-expected deceleration in subscription revenue, compounded by fading growth as customers transition from data centers to the cloud. Additionally, external macroeconomic shocks and changing investor sentiment towards high-growth technology stocks pose considerable risks to Snowflake's future financial 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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