Snowflake Reports Financial Results for the Third Quarter of Fiscal 2025

Go back to Snowflake Reports Financial Results for the Third Quarter of Fiscal 2025

Snowflake Inc. (SNOW) PT Raised to $225 at Citi

November 22, 2024 4:30 AM EST

Citi analyst Tyler Radke raised the price target on Snowflake Inc. (NYSE: SNOW) to $225.00 (from $183.00) while maintaining a Buy rating.

The analyst comments "It was a redemption quarter for Snowflake as the company delivered robust top-line outperfomance, accelerating bookings strength, ramping new product... More

Snowflake Inc. (SNOW) PT Raised to $188 at Monness, Crespi, Hardt

November 21, 2024 8:29 AM EST

Monness, Crespi, Hardt analyst Brian White raised the price target on Snowflake Inc. (NYSE: SNOW) to $188.00 (from $140.00) while maintaining a Buy rating.

The analyst comments "Snowflake, Inc. (SNOW Buy $129.12): Worthy of a Rally. Last night, Snowflake reported strong 3Q:FY25 upside, issued... More

Snowflake Inc. (SNOW) PT Raised to $180 at Jefferies

November 21, 2024 8:00 AM EST

Jefferies analyst Brent Thill raised the price target on Snowflake Inc. (NYSE: SNOW) to $180.00 (from $145.00) while maintaining a Buy rating.

The analyst comments "SNOW delivered a strong Q with a record-setting beat and raise and RPO growth accel to 55% y/y... More

Snowflake Inc. (SNOW) PT Raised to $200 at Needham

November 21, 2024 6:22 AM EST

Needham analyst Mike Cikos raised the price target on Snowflake Inc. (NYSE: SNOW) to $200.00 (from $160.00) while maintaining a Buy rating.

The analyst comments "Snowflake reported a solid quarter, where strong results and positive leading indicators caused us to raise our estimates and Price... More

Snowflake Inc. (SNOW) PT Raised to $200 at DA Davidson

November 21, 2024 5:30 AM EST

DA Davidson analyst Gil Luria raised the price target on Snowflake Inc. (NYSE: SNOW) to $200.00 (from $175.00) while maintaining a Buy rating.

The analyst comments "We reiterate our BUY rating and raise our price target from $175 to $200 following strong 3Q25 earnings that were underscored... More

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

November 21, 2024 5:23 AM EST

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 and $220 Price Target on Snowflake (on CL) following impressive F3Q results that augment our conviction the company can sustain mid-20s revenue growth at a $4B revenue scale while delivering 25% FCF margins, representing the top decile in software and rightfully supporting the... More

BTIG Reiterates Neutral Rating on Snowflake Inc. (SNOW)

November 21, 2024 5:13 AM EST

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

The analyst comments "SNOW delivered strong FQ3 results and increased its outlook for FY25. Most notably, SNOW posted product revenue of $900MM / +28.9% y/y compared to our $853MM / 22.1% est. (Street $849MM). This was well above the upside scenario of $880MM previewed on 11/19 and most likely well above buy-side expectations. In... More

Snowflake Inc. (SNOW) PT Raised to $190 at Evercore ISI

November 21, 2024 5:07 AM EST

Evercore ISI analyst Kirk Materne raised the price target on Snowflake Inc. (NYSE: SNOW) to $190.00 (from $170.00) while maintaining a Outperform rating.

The analyst comments "SNOW delivered a strong beat-and-raise quarter with product revenue of $900mn (+29%) coming in ahead of our/Street expectations of +21.5% / +22.5% and operating margins 6% vs. our/Street expectations of 3.4% / 3.2%. Perhaps... More