Snowflake Inc. (SNOW) PT Lowered to $190 at Canaccord Genuity

Loop Capital Reiterates Buy Rating on Snowflake Inc. (SNOW)

Loop Capital analyst Mark Schappel reiterated a Buy rating and $185.00 price target on Snowflake Inc. (NYSE: SNOW).

The analyst comments "Snowflake's July quarter print was fine, but not great a 2.6% product revenue beat was a tad below the expected 3-5% upside, and the product revenue guide, while up and above the consensus, came in below what many investors expected. Thus, the stock was down 8%... More

Snowflake Inc. (SNOW) PT Lowered to $165 at Scotiabank

Scotiabank analyst Patrick Colville lowered the price target on Snowflake Inc. (NYSE: SNOW) to $165.00 (from $195.00) while maintaining a Sector Outperform rating.

The analyst comments "Snowflake delivered an unusual print, with a small-ish F2Q product revenue beat, alongside a very decent... More

Snowflake Inc. (SNOW) PT Lowered to $180 at Rosenblatt

Rosenblatt analyst Blair Abernethy lowered the price target on Snowflake Inc. (NYSE: SNOW) to $180.00 (from $195.00) while maintaining a Buy rating.

The analyst comments "Wednesday after the market, Snowflake reported Q2 Product revenue growth of 30%, ~3% above our expectations, and total revenue of $868.8m... More

Snowflake Inc. (SNOW) PT Lowered to $152 at Baird

Baird analyst William Power lowered the price target on Snowflake Inc. (NYSE: SNOW) to $152.00 (from $165.00) while maintaining a Outperform rating.

The analyst comments "Remain buyers. Yesterday afternoon SNOW reported solid FQ2 results, with the 2.7% product revenue beat below FQ1's 5.6%, but still solid.... More

Snowflake Inc. (SNOW) PT Lowered to $160 at Needham

Needham analyst Mike Cikos lowered the price target on Snowflake Inc. (NYSE: SNOW) to $160.00 (from $210.00) while maintaining a Buy rating.

The analyst comments "Snowflake outperformed guidance and sell-side models in the July quarter. However, shares indicated lower in after-market trading as investors anticipated... More

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

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 (on CL) and our price target of $220 following Snowflakes solid F2Q results. Product Revenue was +2% above Consensus (maintained +30% growth), +30% cRPO growth (F1Q: +31%) and OpM and FCFM outperformed by ~200 bps. The stock is indicated... More

Guggenheim Reiterates Neutral Rating on Snowflake Inc. (SNOW)

Guggenheim analyst John DiFucci reiterated a Neutral rating on Snowflake Inc. (NYSE: SNOW).

The analyst comments "While Snowflake F2Q headline results exceeded consensus numbers, the results indicated a slowing of business momentum (when considering New ARR growth, including a two-year stack and/or seasonal trends), which was the opposite of most other names for the 2Q in our coverage universe (so far). See Exhibit 1. As were about halfway... More

Snowflake Inc. (SNOW) PT Lowered to $145 at Jefferies

Jefferies analyst Brent Thill lowered the price target on Snowflake Inc. (NYSE: SNOW) to $145.00 (from $160.00) while maintaining a Buy rating.

The analyst comments "Results were solid with a ~3% rev beat (vs ~4% avg beat over last 10 Qs), a FY rev... More

Evercore ISI Reiterates Outperform Rating on Snowflake Inc. (SNOW)

Evercore ISI analyst Kirk Materne reiterated an Outperform rating and $170.00 price target on Snowflake Inc. (NYSE: SNOW).

The analyst comments "Bottom line: SNOW delivered solid results with product revenue of $829.3mn (+30%) coming in ahead of our/Street forecasts in the 26- 27% range. While this was a smaller beat than some hoped, we view it as a solid quarter that demonstrates that the core... More

Snowflake Inc. (SNOW) PT Lowered to $142 at Barclays

Barclays analyst Raimo Lenschow lowered the price target on Snowflake Inc. (NYSE: SNOW) to $142.00 (from $146.00) while maintaining a Equalweight rating.... More

Snowflake Inc. (SNOW) PT Lowered to $175 at DA Davidson

DA Davidson analyst Gil Luria lowered the price target on Snowflake Inc. (NYSE: SNOW) to $175.00 (from $230.00) while maintaining a Buy rating.

The analyst comments "We maintain our BUY rating and lower our price target from $230 to $175 after Snowflake reported solid 2Q25 numbers... More

BTIG Reiterates Neutral Rating on Snowflake Inc. (SNOW)

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

The analyst comments "SNOW delivered solid FQ2 results and increased its outlook for FY25. Most notably, SNOW posted product revenue of $829MM / +29.5% y/y compared to our $810MM / 26.5% est and the Street at $814MM / 27.1%. In addition, gross profit beat street estimate 3.0% and operating income was substantially ahead of forecasts. SNOW also increased its FY25 product... More

Stocks expected to have increasing option volume: SNOW SNPS WSM BILI AAP PTON A

Stocks expected to have increasing option volume: SNOW SNPS WSM BILI AAP PTON A

Snowflake Inc. (SNOW) PT Lowered to $190 at JMP Securities

JMP Securities analyst Joe Goodwin lowered the price target on Snowflake Inc. (NYSE: SNOW) to $190.00 (from $235.00) while maintaining a Market Outperform rating.... More

After-hours movers: Snowflake, Zoom, Zuora

After-Hours Stock Movers:

Snowflake (NYSE: SNOW) fell 6% despite reporting second quarter results that beat estimates on the top and bottom line, after it issued lackluster guidance for the year. Management highlighted its great traction in the... More

Snowflake raises annual product revenue forecast, unchanged margins weigh on shares

By Zaheer Kachwala

(Reuters) -Data cloud analytics firm Snowflake on Wednesday raised its forecast for full-year product revenue, as it attracts more clients to its cloud platform owing to advancements in artificial intelligence.

However, shares of the firm fell more than 8% in extended trading. D.A. Davidson analyst Gil Luria attributed the drop to the company not pairing the rise in revenue projections with a rise in margin forecast.

Snowflake executives said on a post-earnings conference call... More

Snowflake (SNOW) Tops Q2 EPS by 3c

Snowflake (NYSE: SNOW) reported Q2 EPS of $0.19, $0.03 better than the analyst estimate of $0.16. Revenue for the quarter came in at $868.82 million versus the consensus estimate of $851.58 million.

For earnings history and earnings-related data on Snowflake (SNOW) click here.

Snowflake (SNOW) call put ratio 1.9 calls to 1 put into quarter results

Snowflake (NYSE: SNOW) August 23 weekly call option implied volatility is at 178, September is at 64; compared to its 52-week range of 33 to 82 into the expected release of quarter results today after the bell.

Snowflake Inc. (SNOW) PT Lowered to $185 at Loop Capital

(Updated - August 21, 2024 7:46 AM EDT)

Loop Capital analyst Mark Schappel lowered the price target on Snowflake Inc. (NYSE: SNOW) to $185.00 (from $225.00) while maintaining a Buy rating.

The analyst commented: "Snowflake reports F2Q25 results tonight after the market close. We expect the company to exceed our F2Q product revenue and... More

Snowflake (SNOW) call put ratio 1.6 calls to 1 put into quarter results

Snowflake (NYSE: SNOW) August 23 weekly 132 straddle priced for a move of 11% into the expected release of quarter results after the bell on August 21. Call put ratio 1.6 calls to 1 put.

Snowflake (SNOW) call put ratio 1.6 calls to 1 put into quarter results

Snowflake (NYSE: SNOW) August 23 weekly call option implied volatility is at 144, September is at 61; compared to its 52-week range of 33 to 82 into the expected release of quarter results after the bell on August 21.