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Investing.com - DA Davidson has reiterated its Buy rating and $250.00 price target on Snowflake Inc. (NYSE:SNOW), currently trading at $196.81 with a market capitalization of $65.8 billion, ahead of the company’s second-quarter fiscal 2026 earnings report scheduled for Wednesday, August 27. According to InvestingPro data, analyst targets for the stock range from $150 to $440, reflecting diverse views on the company’s valuation.
The research firm cited "durable momentum" across Snowflake’s core data warehouse offerings, as well as strong performance in its Snowpark, data engineering, and AI/ML products. This momentum is reflected in the company’s robust revenue growth of 27.5% over the last twelve months, though InvestingPro analysis indicates the company remains unprofitable during this period.
DA Davidson’s assessment is supported by conversations with The DEN and analysis of its proprietary DaVinci Developer Dataset, which indicates record developer activity across Snowflake’s platform.
The firm positioned Snowflake as "one of our top picks in infrastructure software" and described it as "one of the best stories in all of Software."
Snowflake will release its quarterly financial results on Wednesday, providing investors with updated metrics on the company’s growth trajectory and product adoption.
In other recent news, Snowflake Inc . is preparing for its second-quarter earnings report, scheduled for August 27. TD Cowen has maintained its Buy rating and set a price target of $240, citing core consumption stability and positive momentum with Data Engineering workloads. Guggenheim holds a Neutral rating, noting that while second-quarter targets appear achievable, surpassing consensus expectations could be challenging. KeyBanc Capital Markets has reiterated an Overweight rating with a $250 price target, highlighting steady results and increased data warehouse migration. JMP Securities continues to rate Snowflake as Market Outperform with a $260 price target, based on positive industry feedback and customer satisfaction. Meanwhile, UBS has adjusted its price target to $250 from $265, maintaining a Buy rating after consulting with partners and customers regarding demand trends. These developments provide a glimpse into the varied analyst perspectives on Snowflake’s performance and outlook.
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