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On Tuesday, JMP Securities analysts maintained a Market Outperform rating on Snowflake Inc . (NYSE:SNOW) with a steady price target of $201. The reaffirmation comes as Snowflake, currently trading at $182.05 with a market capitalization of $60.74 billion, prepares to announce its first-quarter fiscal year 2026 earnings after the market closes on Wednesday. According to InvestingPro analysis, the stock is currently fairly valued based on its proprietary Fair Value model.
JMP’s analysis is based on 13 collected data points about Snowflake’s performance, out of which nine are positive and four are cautious. This assessment occurs in the context of Snowflake’s stock rising by 18% year-to-date (YTD), with InvestingPro data showing impressive revenue growth of 29.21% and a robust gross profit margin of 66.72%. The stock’s performance has notably outpaced the 1% uptick in the Russell 3000 index over the same period.
The analyst’s stance suggests confidence in Snowflake’s upcoming earnings report, potentially signaling continued growth or positive financial health. The $201 price target remains unchanged, indicating the firm’s belief in the stock’s value potential. InvestingPro subscribers have access to 10+ additional exclusive insights about Snowflake’s financial health and growth prospects through the comprehensive Pro Research Report.
Investors and market watchers will be looking to Snowflake’s earnings release to gauge the company’s current performance and future outlook. The report will also provide an opportunity to see if the company’s stock continues to outperform broader market indices.
Snowflake’s upcoming earnings announcement is highly anticipated following its significant YTD stock price increase, which has outpaced general market trends. The reaffirmed rating and price target by JMP Securities will likely be a point of reference for investor expectations as the market awaits the earnings details.
In other recent news, Snowflake Inc. has been the focus of several analyst firms, reflecting a mix of optimism and caution. Jefferies analyst Brent Thill raised the price target for Snowflake to $220, maintaining a Buy rating, and highlighted the company’s potential for AI-driven growth in fiscal year 2026. Thill projects product revenue to reach $4.28 billion, marking a 23.6% increase year-over-year. Stifel also maintained a Buy rating with a $210 target, noting Snowflake’s consistent record of surpassing revenue guidance and expecting a modest upside for the upcoming quarter. TD Cowen echoed similar sentiments with a $210 target, citing positive growth momentum and the potential for estimates to rise modestly for fiscal year 2026. Meanwhile, KeyBanc kept an Overweight rating and a $192 target, pointing out a mixed outlook from a customer survey but remaining steady in their estimates. Lastly, BTIG confirmed a Buy rating with a $220 target, emphasizing Snowflake’s strategic positioning and innovative product offerings as key growth drivers. These developments reflect a broad confidence among analysts in Snowflake’s ability to navigate economic fluctuations and achieve projected growth.
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