Bank of America analysts have renewed confidence in Snowflake Inc (NYSE:SNOW) following a recent investor meeting with the data cloud company's CFO Brian Robins, with the firm reiterating its ‘Buy' rating and $275 price target. Shares of Snowflake traded hands at $175 on Tuesday, down 20% so far this year.
Sridhar Ramaswamy took the helm at Snowflake (NYSE: SNOW) in early 2024, inheriting a company navigating post-peak cloud valuations, intensifying competition from Databricks, and a stock well below its all-time highs.
Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of Snowflake Inc. (NYSE: SNOW) by 317.3% in the undefined quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,357 shares of the company's stock after buying an additional 51,978 shares during the period. Banco Bilbao
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.
Snowflake's expanding AI portfolio and rising customer adoption lift product revenues to $1.22B in Q4, while the company expects 27% year over year growth for Q1 FY27.
Snowflake offers a compelling contrarian opportunity as SaaS valuations have compressed despite record Q4 results and robust enterprise AI adoption. SNOW delivered $1.3B in Q4 revenue (+30% Y/Y) and $765M in free cash flow, with strong momentum in its Cortex AI production adoption. Stable net retention rates and growing operating income margins (non-GAAP) highlight a strong value proposition despite recent SaaS fears related to AI.
Snowflake is recommended as a buy, leveraging robust AI-driven growth, improved profitability, and compressed valuation amid the sector-wide software selloff. SNOW's recent results beat expectations: 30% revenue growth, 42% bookings growth, and raised guidance for both product revenue (27%) and non-GAAP margins (12.5%). New AI products like Cortex Code and Snowflake Intelligence are accelerating customer adoption, with 740 new customers in the last quarter, up by 40% from the prior year.
Snowflake stock plunges 19% in the past three months on margin pressure and competition, but strong AI adoption, rising enterprise spending, and major deals highlight growth momentum.
Snowflake Inc. (SNOW) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
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 NYSE: SNOW stock price succumbed to marketwide fear of AI software-as-a-service (SaaS) disruption, sending it to long-term lows. However reasonable the fears may be, the sell-off is overblown, since AI is software, and software companies like Snowflake lean hard into it.
SNOW tops Q4 estimates with 30% revenue growth and strong customer gains, but shares slip despite upbeat 27% growth outlook.