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.
No-Headquarters/BOZEMAN, Mont. & NEW YORK--(BUSINESS WIRE)--Snowflake (NYSE: SNOW), the AI Data Cloud company, and Acxiom® , the connected data and technology foundation of Interpublic Group of Companies, Inc. (NYSE: IPG), today announced a strategic initiative to build and deliver a modern, AI-powered marketing data infrastructure that will fundamentally transform how brands leverage AI for marketing. This collaboration will enable IPG to bring its proprietary data, identity, and collaboration.
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.
Award recognizes high-impact collaboration helping global clients navigate complex data landscapes and accelerate AI readiness at scale TEANECK, N.J. , June 4, 2025 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) has been named Global Data Cloud Services Implementation Partner of the Year by Snowflake, the AI Data Cloud company, at Snowflake's annual user conference, Snowflake Summit 2025.