Snowflake Inc. (SNOW)
Analyst Update
Mizuho Securities lowered its 12 month price target on Snowflake’s stock to $220 from $285, while maintaining an “Outperform” rating. Analyst Gregg Moskowitz cited he coverage update as a recalibration of valuation assumptions amid moderating revenue growth, softer enterprise cloud consumption trends, and broader multiple compression across high-growth cloud and AI-related stocks. However the firm continues to express confidence in Snowflake’s long-term competitive positioning, AI-driven demand potential, margin expansion opportunities, and durable consumption-based business model.
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