Snowflake (SNOW) shares pop 4% on strong revenue beat, upbeat guidance
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Snowflake Inc. (SNOW) PT Raised to $195 at Rosenblatt
May 23, 2024 6:44 AM EDTRosenblatt analyst Blair Abernethy raised the price target on Snowflake Inc. (NYSE: SNOW) to $195.00 (from $185.00) while maintaining a Buy rating.
The analyst comments "Wednesday after the market, Snowflake reported Q1 Product revenue growth of 34% (up 32% adjusting for Leap Year), ~6% above our expectations,... More
BTIG Reiterates Neutral Rating on Snowflake Inc. (SNOW)
May 23, 2024 5:53 AM EDTBTIG analyst Gray Powell reiterated a Neutral rating on Snowflake Inc. (NYSE: SNOW).
The analyst comments "SNOW delivered strong FQ1 results and increased its top line outlook for FY25. Most notably, SNOW grew product revenue to $790MM / +34% y/y in FQ1, about 6% ahead our $748MM / 26.7% est (Street $750MM). In addition, operating income was substantially ahead of our /... More
Goldman Sachs Reiterates Buy Rating on Snowflake Inc. (SNOW)
May 23, 2024 5:41 AM EDTGoldman Sachs analyst Kash Rangan reiterated a 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 following solid F1Q25 results highlighted by Product Revenue outperforming Consensus (FactSet) by 5% (F24s average beat cadence: 3%), Non-GAAP Operating Income beating by 29%, coupled with reacceleration versus F4Q24 across... More
Snowflake Inc. (SNOW) PT Raised to $190 at UBS
May 23, 2024 5:39 AM EDTUBS analyst Karl Keirstead raised the price target on Snowflake Inc. (NYSE: SNOW) to $190.00 (from $185.00) while maintaining a Neutral rating.
The analyst comments "Snowflakes 34% growth is among the highest in Software and the 5% beat was much higher than the average 2-3% beat... More
Evercore ISI Reiterates Outperform Rating on Snowflake Inc. (SNOW)
May 23, 2024 5:17 AM EDTEvercore ISI analyst Kirk Materne reiterated an Outperform rating and $225.00 price target on Snowflake Inc. (NYSE: SNOW).
The analyst comments "On the whole, we believe the upside in revenue and RPO offsets some of the incremental op. margin headwinds when thinking through the... More
Citi Reacts Positive to Snowflake Inc. (SNOW) Earnings, '
May 22, 2024 4:53 PM EDTCiti analyst Tyler Radke reiterated a Buy rating and $240.00 price target on Snowflake Inc. (NYSE: SNOW).
The analyst comments "A de-risked set-up may have been well advertised, but SNOWs top-line results were objectively strong. Product revenue growth slightly accelerated with the... More
RBC Capital Reacts Positive tn Snowflake Inc. (SNOW)
May 22, 2024 4:53 PM EDTRBC Capital analyst Matt Hedgberg reiterated an Outperform rating and $220.00 price target on Snowflake Inc. (NYSE: SNOW).
The analyst comments "Snowflake delivered strong Q1/25 results with product revenue of $789.6M, +34% which was ahead of consensus at $751.5M, +27%, and vs. +33% last quarter. This represents a beat of 5.1% vs the prior beat range of... More
