20+ Analysts Back Snowflake and Here’s Why We Agree

2 weeks ago 10

Vandita Jadeja

Thu, May 28, 2026 astatine 8:37 AM CDT 5 min read

Quick Read

Snowflake (SNOW) reported Q1 merchandise gross of $1.33B, up 34% year-over-year, with FY27 guidance raised to $5.84B (31% growth) and non-GAAP operating borderline lifted to 13.5%, portion the banal remains down 20.1% year-to-date contempt the beat-and-raise performance.
Snowflake is transitioning from a information warehouse exemplary to an agentic AI power platform, supported by a $6B multi-year AWS statement and deepened OpenAI partnership, positioning it for aggregate enlargement from 118x guardant P/E contiguous to 75x-100x by 2030 if EPS compounds toward $6-$8.
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Snowflake (NYSE:SNOW) conscionable delivered what CEO Sridhar Ramaswamy called "a milestone quarter," with merchandise gross of $1.33 billion, up 34% year-over-year. The stock? Down 20.1% twelvemonth to date. That spread betwixt concern momentum and stock terms makes this sanction absorbing heading into 2030. Can Snowflake shares scope $600 by 2030, much than triple today's price?

Why Snowflake Shares Are Stuck Despite a Beat-and-Raise Quarter

Snowflake is simply a consumption-model communicative trading astatine premium multiples successful a marketplace that punished maturation bundle hard successful aboriginal 2026. Shares fell from a November 2025 highest of $257.02 to a debased of $144.48 successful April 2026, and adjacent with a 21.5% one-month rebound and a 4.96% one-week gain, the banal is inactive down 15.07% implicit the past year.

Investors are wrestling with persistent GAAP losses, dense stock-based compensation, and consumption-model variability. A beta of 1.079 means SNOW amplifies tech assemblage swings. The banal lags the fundamentals.

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Wall Street Sees 31% Upside. Our Model Sees More

The statement instrumentality is constructive. 45 bargain oregon strong-buy ratings, 6 holds, and zero sells backmost an expert people of $229.14, implying 30.74% upside from here. Our basal lawsuit for 2030 sits higher astatine $295.58, a 68.65% full return, with precocious confidence.

The bull lawsuit stretches to $550.33, a 234.92% full return. Wall Street 88% bullish sentiment inactive understates the AI level shift. Analysts exemplary Snowflake arsenic a information warehouse. Management is rebuilding it arsenic "the power level for the Agentic Enterprise." Those are antithetic valuation regimes.

Wall Street is highly bullish connected the banal with much than 20 analysts raising the terms target. Wedbush raised the firm's terms people connected Snowflake to $280 from $270 and keeps an Outperform standing connected the shares portion RBC Capital raised the firm's terms people connected Snowflake to $284 from $220 and keeps an Outperform standing connected the shares aft its Q1 net beat.

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