SNOW's AI Data Cloud, rising enterprise adoption and 37% product revenue growth bolster its cloud analytics push against Dell Technologies and Oracle.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
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 product revenue grew 37% year over year in its latest quarter, accelerating for the third quarter in a row. Full-year guidance now stands at about $6.07 billion of product revenue, or 36% growth, after a second raise since February.
Snowflake (NYSE:SNOW | SNOW Price Prediction) is handing back part of Wednesday evening's post-earnings pop, while enterprise software peers and the broader tape barely register a wobble.
SNOW stock jumps 16.6% after Q2 second-quarter results as AI adoption, enterprise growth, and higher product revenue guidance fuel momentum.
Snowflake TodaySNOWSnowflake$352.26 -4.21 (-1.18%) As of 10:55 AM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$118.30▼$384.56Price Target$414.24Add to WatchlistSnowflake's NASDAQ: SNOW stock surged more than 20% following its Q2 fiscal year 2027 (FY2027) release because of the guidance, and it could continue to rise because of what's to come.
Snowflake stock surged 16% in Thursday's trading session after the cloud-data leader crushed its Q2 expectations yesterday evening and raised its full-year outlook.
Snowflake stock is surging on signs that enterprise AI demand is driving big gains for its business.
SNOW's Q2 earnings and revenues beat estimates as product revenues jump 37%, AI demand accelerates growth, and fiscal 2027 guidance moves higher.
Analysts predicted AI would make Snowflake obsolete, but something unexpected is happening inside the company's numbers that has Wall Street scrambling to revise its entire bear case.
Snowflake Inc (NYSE:SNOW) shares jumped more than 20% on Thursday following a blowout second-quarter earnings report, driven by accelerating product revenue growth and surging enterprise adoption of its AI offerings. Bank of America raised its price objective on the stock to $470 from $395, citing accelerating product revenue growth and reiterating a Buy rating.