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Snowflake Inc . (NYSE:SNOW) shares have surged to a 52-week high, reaching a price level of $209.86, with InvestingPro data showing the stock trading significantly above its Fair Value. Technical indicators suggest overbought conditions, while 24 analysts have revised their earnings upward for the upcoming period, with price targets ranging from $150 to $440. This milestone reflects a significant recovery and a bullish trend for the stock, which has seen an impressive 1-year return of 51%. The company’s ability to capitalize on the accelerating shift to cloud computing and data analytics has been a key driver of investor enthusiasm, with revenue growing at 27.5% year-over-year to $3.84 billion. Despite strong growth metrics, InvestingPro subscribers have access to 10+ additional exclusive insights about Snowflake’s valuation and growth prospects through the comprehensive Pro Research Report.
In other recent news, Snowflake Inc. has reported strong financial performance in the first quarter of 2026, with notable achievements in product revenue and contract bookings. Citi analysts have responded positively, raising their price target for Snowflake shares from $235 to $245, while maintaining a Buy rating, citing resilient consumption and significant deals in the financial services sector. Macquarie also increased its price target to $190 from $160, highlighting a 26% year-over-year increase in product revenue that surpassed company guidance. Despite these positive developments, Macquarie maintained a Neutral rating, noting a slight decline in Snowflake’s net revenue retention rate and a cautious stance on operating and free cash flow margins.
In addition, Snowflake has entered a three-year partnership with the LA28 Olympic and Paralympic Games and Team USA, aiming to enhance athlete performance and fan engagement through its AI Data Cloud. This collaboration will centralize critical data for Team USA, supporting athlete preparation and personalized fan experiences. Furthermore, Canva is leveraging Snowflake’s data platform to boost its B2B growth and innovation, enhancing product offerings and marketing strategies through data optimization.
Argus has maintained a Hold rating on Snowflake, reflecting a watchful approach to its ongoing investments in artificial intelligence and machine learning. While these initiatives are not expected to yield immediate revenue, they hold potential for future benefits. Snowflake’s strategic decisions and financial metrics continue to be closely monitored by investors and analysts, as the company focuses on expanding margins and product revenue growth.
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