
Snowflake (SNOW) Stock Forecast & Price Target
Snowflake (SNOW) Analyst Ratings
Bulls say
Snowflake is projecting product revenue of $4,446 million for FY26, reflecting a 28% year-over-year growth, driven by robust adoption of its core products and a notable $100 million run rate in AI revenue. The company has signed a record of four nine-figure deals in the latest quarter, contributing to a quarter-over-quarter increase in Remaining Performance Obligations (RPO) by $950 million, totaling $7.9 billion. Additionally, Snowflake's non-GAAP product gross margin is expected to remain steady at 75%, indicating strong financial health and operational efficiency as it continues to expand its customer base and AI product offerings.
Bears say
The analysis indicates a negative outlook on Snowflake's stock, primarily due to the potential for unexpected revenue deceleration and increased execution risks, compounded by relatively high trading multiples. The third quarter product revenue growth showed a sequential deceleration of approximately 3 percentage points, and growth expectations have not materialized as positively as in previous quarters, particularly regarding the migration of new workloads by large customers. Additionally, intensified competition from major cloud vendors and broader macroeconomic uncertainties pose significant challenges that could further hinder Snowflake's financial performance.
This aggregate rating is based on analysts' research of Snowflake and is not a guaranteed prediction by Public.com or investment advice.
Snowflake (SNOW) Analyst Forecast & Price Prediction
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