Truist on Snowflake Inc. (SNOW) Ahead of Earnings: 'We See the Potential for a Beat-and-Raise'

Truist Securities analyst Joel Fishbein Jr. reiterated a Buy rating and $210.00 price target on Snowflake Inc. (NYSE: SNOW).

The analyst commented: "We remain positive on Snowflake as we see strong support for an uptick in consumption, with additional upside potential from new product offerings, large deals, the growing use of AI, and improved margins. We see the potential for a beat-and-raise cadence driven by new products and AI workloads such as Snowpark, Dynamic Tables, and Cortex. We also see the potential for operating margin expansion in FY26 as the heightened investment levels seen in FY25 begin to normalize. Snowflake reports their earnings on February 26th after the close. We expect them to deliver results with upside to Street expectations."

For an analyst ratings summary and ratings history on Snowflake Inc. click here. For more ratings news on Snowflake Inc. click here.

Shares of Snowflake Inc. closed at $187.60 yesterday.

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