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On Monday, Stifel analysts maintained their Buy rating and $210.00 price target for Snowflake Inc . (NYSE: NYSE:SNOW), expressing confidence in the company’s performance. Trading near its 52-week high of $194.40 with a market capitalization of $61 billion, the stock has shown strong momentum with a 40% gain over the past six months. The firm anticipates a solid quarter for Snowflake, supported by stable consumption trends among its March quarter peers and satisfactory results from major cloud service providers, known as hyperscalers.
Stifel’s analysts highlighted Snowflake’s consistent track record of surpassing Product revenue guidance and consensus by approximately 4% throughout the fiscal year 2025. With impressive revenue growth of 29.2% in the last twelve months, they noted that due to more conservative guidance set by management for the fiscal year, they expect a more modest upside in the range of 2-3% for the upcoming quarter.According to InvestingPro, while Snowflake isn’t currently profitable, analysts predict the company will achieve profitability this year. InvestingPro offers 11 additional key insights about Snowflake’s financial health and market position.
The analysts also pointed to the potential for Snowflake’s newer product features to contribute significantly to the company’s growth in the second half of 2026. While this might cap the upside potential for the current second-quarter consensus revenue estimate of around $1,013 million, it is expected to provide the company with room to consider larger revisions for the second half of the year.
Stifel’s outlook for Snowflake is positive, with the expectation that the combination of a stable core business, the incremental contribution from new products, and operational efficiency will enable the company to sustain mid-to-upper 20% growth in product revenue and free cash flow, along with margin expansion in the coming years.
In other recent news, Snowflake Inc. has secured the Department of Defense (DOD) Impact Level 5 (IL5) Provisional Authorization for operations on AWS GovCloud, enabling the company to provide secure solutions for managing Controlled Unclassified Information for the DOD and related agencies. This development allows various military services and federal agencies to utilize Snowflake’s data storage and analytics capabilities. In anticipation of their upcoming earnings report, TD Cowen reaffirmed a Buy rating with a $210 price target, expressing optimism about Snowflake’s growth momentum and potential for fiscal year 2026 projections to rise modestly. Similarly, BTIG maintained a Buy rating with a $220 target, citing Snowflake’s strategic positioning and innovative products as key growth drivers.
KeyBanc also maintained an Overweight rating with a $192 target, noting a mixed outlook from a recent survey of Snowflake customers and partners, which highlighted increased adoption of Snowpark but also concerns over spending cuts due to macroeconomic conditions. Meanwhile, Mizuho (NYSE:MFG) reduced its price target to $190 from $205 but kept an Outperform rating, emphasizing Snowflake’s robust consumption activity and potential for additional revenue streams. Despite the lowered price target, Mizuho remains optimistic about Snowflake’s growth prospects, citing its minimal exposure to federal markets as a positive factor. These recent developments reflect a generally positive sentiment among analysts regarding Snowflake’s future performance.
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