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Snowflake Inc’s stock reached a new 52-week high, hitting 250.15 USD, marking a significant milestone for the cloud-based data-warehousing company. With a market capitalization of $84.45 billion, InvestingPro analysis indicates the stock is trading slightly above its Fair Value. This achievement reflects a substantial 1-year change of 106.4%, underscoring the company’s robust performance and investor confidence over the past year. The impressive growth trajectory has been fueled by Snowflake’s expanding customer base and strategic partnerships, with revenue growing 28.37% year-over-year. InvestingPro subscribers can access 8 additional key insights about Snowflake’s performance and valuation metrics. As the company continues to innovate and scale, market analysts are closely watching its next moves in the competitive tech landscape, with analyst price targets ranging from $170 to $440. While currently unprofitable, analysts expect Snowflake to achieve profitability this fiscal year.
In other recent news, Snowflake has launched Cortex AI, a suite of AI capabilities aimed at the financial services sector. This new offering is designed to help financial institutions integrate their data ecosystems and deploy AI models while ensuring regulatory compliance. Alongside this launch, Snowflake introduced a managed Model Context Protocol Server, allowing organizations to connect proprietary data with third-party data from partners such as FactSet and Nasdaq eVestment. Additionally, Snowflake has announced the appointment of Stella Low as Chief Communications Officer, bringing her extensive experience from roles at HP, Apple, and Cisco to oversee the company’s communications strategy.
On the analyst front, UBS has raised its price target for Snowflake to $310, maintaining a Buy rating, citing insights from recent industry events. Mizuho reiterated its Outperform rating with a $260 price target, highlighting Snowflake’s new vertical-specific offering for Cortex AI. Jefferies also reiterated a Buy rating, maintaining a $270 price target, and noted the company’s accelerating product innovation and velocity. These developments reflect Snowflake’s ongoing efforts to expand its product offerings and strengthen its market position.
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