Snowflake (SNOW)
Morningstar maintained its “Underperform” rating on Snowflake, indicating that the firm remains cautious about the company’s ability to meet market expectations or achieve significant growth in the near term. The price target was set at USD 137, suggesting limited upside potential from the current valuation. This stance reflects Morningstar’s assessment that Snowflake may face challenges in sustaining its competitive position or achieving revenue growth amid evolving market conditions.
Stock Analysis & Forecast
According to a stock forecast from 32 analysts, Snowflake Inc. is projected to reach an average target price of USD 197.28 within the next 12 months. This consensus reflects a generally optimistic outlook, as the average analyst rating for Snowflake Inc. is classified as “Strong Buy.”
Stock Target Advisor’s analysis of depicts a more cautious tone, with a “Slightly Bearish” outlook. This assessment is based on a combination of 4 positive signals and 7 negative signals, suggesting a mixed outlook despite the generally positive analyst consensus.
As of the most recent closing, Snowflake Inc.’s stock was priced at USD 180.54. The stock has demonstrated notable short-term momentum, increasing by 7.55% in the past week, 24.54% over the past month, and 12.99% over the past year. This upward trend indicates growing investor confidence, although the divergence between analyst sentiment and Stock Target Advisor’s analysis may warrant careful consideration.
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.
