Snowflake (SNOW)
Jefferies & Company maintained their “Buy” rating on Snowflake, and raised the 12 month price target from $220 to $250, reflecting increased confidence in the company’s growth potential and execution strategy.
This upward revision demonstrates that Jefferies expects continued strong performance from Snowflake, driven by robust demand for cloud-based data warehousing, analytics solutions, and its expanding ecosystem in AI and machine learning.
Stock Forecast & Analysis
According to a consensus of 36 Wall Street analysts, Snowflake is expected to reach an average price target of $213.63 over the next 12 months. This projection indicates a modest upside from its most recent closing price of $210.84, although much of the near-term potential may already be priced in.
The average analyst rating remains a “Strong Buy”, signaling widespread confidence in Snowflake’s business model, innovation, and future earnings power. Analysts are particularly optimistic about Snowflake’s role in the cloud data infrastructure market, citing its platform scalability, customer stickiness, and expansion into AI/ML analytics as major growth drivers.
Stock Target Advisor presents a slightly more cautious view. Their analysis rates the stock as Slightly Bearish, based on a balance of 4 positive and 7 negative signals, based on fundamental and technical metrics.
Price Performance:
Snowflake’s stock is up 2.51% over the past week,
Up 21.19% over the past month, reflecting bullish momentum possibly linked to improved guidance or investor sentiment,
The stock has seen a substantial 60.69% increase over the past year, indicating strong overall performance and renewed investor interest.
In summary, while analysts maintain a highly optimistic outlook on Snowflake, the mixed technical signals suggest that investors should balance bullish expectations with awareness of near-term risks, such as competitive headwinds and market overvaluation.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
