Snowflake Reports Financial Results for the Second Quarter of Fiscal 2022

Snowflake Inc. (SNOW) PT Raised to $340 at Goldman Sachs

Goldman Sachs analyst Kash Rangan raised the price target on Snowflake Inc. (NYSE: SNOW) to $340.00 (from $300.00) while maintaining a Buy rating.

Snowflake Inc. (SNOW) PT Raised to $300 at Rosenblatt

Rosenblatt analyst Blair Abernethy raised the price target on Snowflake Inc. (NYSE: SNOW) to $300.00 (from $295.00) while maintaining a Buy rating.

The analyst commented, "Wednesday after market close, Snowflake reported strong Q2 results that came in ~8% above our expectations on revenue and otherwise... More

Snowflake Inc. (SNOW) PT Raised to $275 at Canaccord Genuity

Canaccord Genuity analyst David Hynes Jr. raised the price target on Snowflake Inc. (NYSE: SNOW) to $275.00 (from $240.00) while maintaining a Hold rating following earnings.

The analyst commented, "As has been the case for the last few quarters, there wasnt much to pick at in SNOWs FQ2 print. Putting some numbers to this, product revenue grew 103%, net new ACV bookings growth accelerated from a year ago, net revenue expansion... More

Snowflake (SNOW) Tops Q2 Sales and Guidance Expectations, Analysts Raise PTs Despite Wider-than-Expected Loss

Shares of Snowflake (NYSE: SNOW) are up over 3% in pre-open after the company reported better-than-expected Q2 sales.

SNOW reported Q2 EPS of negative $0.64, much worse than the analyst estimate of $0.15. Revenue for the quarter came in at $272.2 million versus the consensus estimate of $256.54 million.

Snowflake saw continued momentum in Q2 with triple-digit growth in product revenue, reflecting strength in customer consumption. While increasing net revenue retention rate to 169%, we also boosted gross margin and operating margin efficiency while our adjusted free cash flow was positive for the third... More

Snowflake Inc. (SNOW) PT Raised to $335 at Cowen

Cowen analyst J. Derrick Wood raised the price target on Snowflake Inc. (NYSE: SNOW) to $335.00 (from $310.00) while maintaining an Outperform rating following earnings.

The analyst commented, "SNOW reported a strong 2Q w/ product growth of 103%, above our 92% est with little slowdown vs.... More

Snowflake Inc. (SNOW) PT Raised to $340 at Mizuho Securities

Mizuho Securities analyst Gregg Moskowitz raised the price target on Snowflake Inc. (NYSE: SNOW) to $340.00 (from $320.00) while maintaining a Buy rating following earnings.

The analyst commented, "SNOW reported a very good F2Q, with healthy revenue upside driven by broad-based consumption strength,... More

Snowflake (SNOW) Misses Q2 EPS by 49c, Revenue Beats, Offers Outlook

Snowflake (NYSE: SNOW) reported Q2 EPS of ($0.64), $0.49 worse than the analyst estimate of ($0.15). Revenue for the quarter came in at $272.2 million versus the consensus estimate of $256.54 million.

Financial... More