Snowflake Agrees to Acquire Open Data Integration Platform, Datavolo

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Snowflake Inc. (SNOW) PT Raised to $225 at Citi

November 22, 2024 4:30 AM UTC

Citi analyst Tyler Radke raised the price target on Snowflake Inc. (NYSE: SNOW) to $225.00 (from $183.00) while maintaining a Buy rating.

The analyst comments "It was a redemption quarter for Snowflake as the company delivered robust top-line outperfomance, accelerating bookings strength, ramping new product... More

Snowflake Inc. (SNOW) PT Raised to $188 at Monness, Crespi, Hardt

November 21, 2024 8:29 AM UTC

Monness, Crespi, Hardt analyst Brian White raised the price target on Snowflake Inc. (NYSE: SNOW) to $188.00 (from $140.00) while maintaining a Buy rating.

The analyst comments "Snowflake, Inc. (SNOW Buy $129.12): Worthy of a Rally. Last night, Snowflake reported strong 3Q:FY25 upside, issued... More

Snowflake Inc. (SNOW) PT Raised to $180 at Jefferies

November 21, 2024 8:00 AM UTC

Jefferies analyst Brent Thill raised the price target on Snowflake Inc. (NYSE: SNOW) to $180.00 (from $145.00) while maintaining a Buy rating.

The analyst comments "SNOW delivered a strong Q with a record-setting beat and raise and RPO growth accel to 55% y/y... More

Snowflake Inc. (SNOW) PT Raised to $200 at Needham

November 21, 2024 6:22 AM UTC

Needham analyst Mike Cikos raised the price target on Snowflake Inc. (NYSE: SNOW) to $200.00 (from $160.00) while maintaining a Buy rating.

The analyst comments "Snowflake reported a solid quarter, where strong results and positive leading indicators caused us to raise our estimates and Price... More

Snowflake Inc. (SNOW) PT Raised to $200 at DA Davidson

November 21, 2024 5:30 AM UTC

DA Davidson analyst Gil Luria raised the price target on Snowflake Inc. (NYSE: SNOW) to $200.00 (from $175.00) while maintaining a Buy rating.

The analyst comments "We reiterate our BUY rating and raise our price target from $175 to $200 following strong 3Q25 earnings that were underscored... More

Goldman Sachs Reiterates Conviction Buy Rating on Snowflake Inc. (SNOW)

November 21, 2024 5:23 AM UTC

Goldman Sachs analyst Kash Rangan reiterated a Conviction Buy rating and $220.00 price target on Snowflake Inc. (NYSE: SNOW)

The analyst comments "We reiterate our Buy rating and $220 Price Target on Snowflake (on CL) following impressive F3Q results that augment our conviction the company can sustain mid-20s revenue growth at a $4B revenue scale while delivering 25% FCF margins, representing the top decile in software and rightfully supporting the... More

BTIG Reiterates Neutral Rating on Snowflake Inc. (SNOW)

November 21, 2024 5:13 AM UTC

BTIG analyst Gray Powell reiterated a Neutral rating on Snowflake Inc. (NYSE: SNOW).

The analyst comments "SNOW delivered strong FQ3 results and increased its outlook for FY25. Most notably, SNOW posted product revenue of $900MM / +28.9% y/y compared to our $853MM / 22.1% est. (Street $849MM). This was well above the upside scenario of $880MM previewed on 11/19 and most likely well above buy-side expectations. In... More

Snowflake Inc. (SNOW) PT Raised to $190 at Evercore ISI

November 21, 2024 5:07 AM UTC

Evercore ISI analyst Kirk Materne raised the price target on Snowflake Inc. (NYSE: SNOW) to $190.00 (from $170.00) while maintaining a Outperform rating.

The analyst comments "SNOW delivered a strong beat-and-raise quarter with product revenue of $900mn (+29%) coming in ahead of our/Street expectations of +21.5% / +22.5% and operating margins 6% vs. our/Street expectations of 3.4% / 3.2%. Perhaps... More