Snowflake posts strong growth and bullish trends, but a lofty P/S ratio raises questions on upside potential.
Shares of cloud-based storage solutions provider Snowflake Inc. (NYSE: SNOW) slipped 0.68% over the past month following a surge of 6.56% the month prior.
Snowflake Inc. (SNOW) closed at $212.25 in the latest trading session, marking a -1.58% move from the prior day.
SNOW's growing enterprise base and rising RPO are supported by strong AI momentum.
Not every AI stock is blasting off to new highs, and that's good news for growth investors who are looking to land relative value in the space.
Zacks.com users have recently been watching Snowflake (SNOW) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In the most recent trading session, Snowflake Inc. (SNOW) closed at $213.12, indicating a +1.08% shift from the previous trading day.
Benoit Dageville, founder and board member at Snowflake, issues a warning to companies that don't embed AI into their workflows.
Recently, Zacks.com users have been paying close attention to Snowflake (SNOW). This makes it worthwhile to examine what the stock has in store.
Snowflake rebounded after new CEO Sridhar Ramaswamy's AI-focused strategy and leadership restored investor confidence post-Slootman's retirement and disappointing FY24 results. First quarter FY26 results showed 26% revenue growth and 34% RPO growth, signaling improving future revenue predictability and stronger customer commitments. Non-GAAP operating margin rose to 9%, alleviating some profitability concerns and indicating effective cost management and operational efficiency improvements.
SNOW's Cortex is now a key growth engine, powering a 26% product revenue gain amid broader AI application demand.
MSFT's broader cloud platform and steady Azure growth give it an edge over SNOW in the AI-driven data platform race.