Snowflake stock leaps over 10% on earnings beat, bullish annual forecast
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Snowflake Inc. (SNOW) PT Raised to $230 at Evercore ISI
February 27, 2025 5:13 AM ESTEvercore ISI analyst Kirk Materne raised the price target on Snowflake Inc. (NYSE: SNOW) to $230.00 (from $200.00) while maintaining a Outperform rating.
The analyst comments "SNOW delivered a strong beat and raise F4Q highlighted by product revenue of $943.3mn (+28%), solidly above mgmt. guidance of $906- 911mn (+23%), and operating margins of 9% vs. mgmt. guidance of 4%. Perhaps most significantly, FY26 product revenue guide of $4,280mn (+24%) came in solidly ahead of Street... More
