Artificial intelligence (AI) name Snowflake Inc (NYSE:SNOW) stock is down 3.1% to trade at $216.90 at last glance, looking to snap its three-day win streak with its worst single-day percentage loss since April.
Even though shares of Snowflake Inc. NYSE: SNOW now trade at a new 52-week high, some market participants have recently come in to suggest that even higher prices are to be expected in this stock moving forward. As investors will discover, a very contrarian signal is currently unfolding in Snowflake stock, signaling a potential new rally in the coming months.
With Cortex Gen2 and Openflow, SNOW deepens AI reach and gains traction with partners like Canva and Acxiom.
Shares of cloud-based storage solutions provider Snowflake Inc. (NYSE: SNOW) surged 6.56% over the past month.
SNOW stock trades near its peak as revenues surge and new AI tools gain traction, but stretched valuation raises questions on further upside.
Snowflake (SNOW) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Snowflake's revamped AI-focused strategy and new product launches are driving strong revenue growth and improved margins, positioning the company well in the AI space. Q1 results showed 25.7% YoY revenue growth, robust RPO, and customer expansion, with management raising full-year product revenue guidance despite a tough macro environment. Margin expansion is gaining traction, with cost-cutting initiatives and AI-driven productivity improvements, though GAAP profitability remains a future goal.
Snowflake grew product revenue 26% YoY in Q1-FY26, with a revised FY26 revenue outlook of $4.325 billion. RPO surged 34% YoY to $6.7 billion, signaling strong multiyear demand across verticals. Net revenue retention rate of 124% reflects deep client expansion, including two new $100M+ financial services contracts in Q1.
SNOW launches Standard Warehouse Gen2 with up to 2.1X faster analytics and 1.9X faster execution, which is expected to fuel growth.
TDC gains ground with strong cloud ARR growth and AI tie-ups, while SNOW faces valuation and spending headwinds.
Snowflake (SNOW) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Snowflake Inc (NYSE:SNOW) might already be up 35% this year, but UBS says there's still plenty of runway ahead. The firm upgraded the data cloud company to Buy from Neutral, lifting its 12-month price target to US$265 from US$210—about 27% above where shares closed at US$209.15.