SAP has 440,000 customers, according to the company, about 40 times more than Snowflake.
Recently, Zacks.com users have been paying close attention to Snowflake (SNOW). This makes it worthwhile to examine what the stock has in store.
With the proliferation of artificial intelligence (AI) and the data storage it requires, numerous industries are emerging as pick-and-shovel plays by providing essential ancillary services for the emerging technology. Those span industries from data centers and utility companies to electric infrastructure and cloud storage.
Snowflake filed an 8-K after an exec gave financial guidance in an influencer's video. The data-storage company said investors "should not rely upon such statements.
Snowflake filed an 8-K with the SEC after an executive shared unauthorized financial guidance in a street interview on Instagram. The video was posted by Instagram account "theschoolofhardknockz" and features Snowflake Chief Revenue Officer Mike Gannon.
J.P. Morgan says AI agents will not work well unless internal corporate data are managed and compiled correctly.
Shares of cloud-based storage solutions provider Snowflake Inc. (NYSE: SNOW) surged 11.97% over the past month after gaining 15.35% the month prior.
Snowflake's expanding partner network, rising enterprise adoption, and AI-driven alliances signal steady growth momentum.
Wedbush analysts on Monday raised their target price on Snowflake Inc (NYSE:SNOW) to $270 per share from $250, while expressing their “incremental confidence” on the company's AI growth story. “Snowflake remains at the forefront of innovation with its cloud-based data platform providing advanced capabilities for data processing and warehousing while looking to simplify platform architectures across industries,” the analysts wrote in a note to clients.
Snowflake (NYSE:SNOW) and Palantir (NASDAQ:PLTR) are well-positioned to make the most of the AI boom as they help enable other firms to harness the full power of the revolutionary technology.
Snowflake shares are up 54% YTD, with potential for over 30% further upside based on improving cash flow and market cap projections. Despite high valuation metrics, SNOW's strong revenue growth, expanding customer base, and rising free cash flow support a bullish outlook. Management guides for FY 2026 revenue of $4.4B and a 25% free cash flow margin, with new AI products emerging.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?