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On Wednesday, TD Cowen analysts raised the price target for Snowflake Inc . (NYSE: NYSE:SNOW) stock to $240 from $230, maintaining a Buy rating. The update follows the firm’s participation in Snowflake’s Summit ’25 conference and Analyst Day held in San Francisco this week. The stock, currently trading near its 52-week high at $211.19, has delivered an impressive 52.6% return over the past year. According to InvestingPro, 24 analysts have recently revised their earnings estimates upward for the upcoming period, with price targets ranging from $150 to $440.
The analysts highlighted Snowflake’s accelerated product roadmap, focusing on core analytics, unstructured workloads, and artificial intelligence. They noted that these advancements strengthen the company’s competitive position in the market. With a substantial market capitalization of $70.28 billion and robust revenue growth of 27.5% over the last twelve months, Snowflake’s efforts to hire more aggressively and invest in faster ramp times were seen as positive indicators of strong demand.
During the event, insights from the conference floor were constructive regarding spending activity, reinforcing the analysts’ optimism. They emphasized improvements in core OLAP performance, new offerings in AI and unstructured data, and enhanced data lifecycle management capabilities as key factors in their analysis.
Additionally, the analysts observed that Snowflake appears to be reinvigorating its go-to-market investments, further supporting their positive outlook. The price target adjustment reflects a valuation of approximately 59 times the company’s estimated free cash flow for the fiscal year 2026. For deeper insights into Snowflake’s valuation metrics and growth potential, InvestingPro subscribers can access comprehensive financial health scores and detailed Pro Research Reports, available for over 1,400 US stocks.
Snowflake’s initiatives and strategic investments have positioned the company favorably in the data management and analytics sector, according to TD Cowen. The analysts reiterated their Buy rating, reflecting confidence in the company’s future growth prospects. With a gross profit margin of 66.6% and analysts predicting profitability this year, the company shows strong operational efficiency despite current market valuations suggesting the stock is trading slightly above its Fair Value.
In other recent news, Snowflake Inc. has been the focus of several analyst updates following the Snowflake Summit 2025 and Investor Day. RBC Capital raised its price target for Snowflake to $250, citing the company’s strategic positioning in artificial intelligence and positive feedback from the event. Truist Securities maintained its Buy rating with a $235 price target, noting Snowflake’s significant product development and influence in the enterprise AI market. Piper Sandler reiterated its Overweight rating with a $215 price target, highlighting Snowflake’s potential in AI monetization and strategic technology acquisitions. Citi also reaffirmed a Buy rating, maintaining a $245 price target, and emphasized Snowflake’s focus on Enterprise AI and new product announcements. Loop Capital increased its price target to $245, highlighting Snowflake’s innovation and strong market position as an Enterprise AI data platform. Despite the lack of new financial updates due to the search for a new CFO, analysts have expressed confidence in Snowflake’s growth prospects and strategic focus on AI.
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