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Snowflake Inc. (NYSE:SNOW) announced Monday that it is reaffirming its previously issued revenue guidance for the third quarter and full fiscal year 2026. The company made the statement following an interview posted Sunday on the Instagram account "theschoolofhardknockz," in which a Snowflake executive officer made comments about the company’s future results.
According to a statement released through a regulatory filing, Snowflake said the officer who participated in the interview is not a designated spokesperson authorized to disclose financial information on behalf of the company. Snowflake advised investors not to rely on the statements made during the interview.
The company reiterated that its revenue guidance for the third quarter and full-year fiscal 2026 remains as originally announced on August 27, 2025, when it reported financial results for the fiscal quarter ended July 31, 2025. Snowflake stated that it will release its third quarter fiscal 2026 financial results in line with its standard practices and that its guidance philosophy remains unchanged.
This information is based on a statement released by the company in a filing with the Securities and Exchange Commission. Snowflake’s common stock trades on the New York Stock Exchange under the ticker symbol SNOW.
In other recent news, Snowflake Inc. has been in the spotlight with several significant developments. UBS has raised its price target for Snowflake to $310 from $285, maintaining a Buy rating, following insights from industry events. Similarly, Wedbush increased its price target to $270, citing Snowflake’s potential for growth through strategic innovations. Mizuho reiterated its Outperform rating with a $260 target after attending Snowflake’s World Tour event, where the company launched a vertical-specific offering for Cortex AI.
In terms of partnerships, Snowflake has announced a strategic collaboration with Palantir, integrating their AI Data Cloud with Palantir’s platforms to enhance data pipelines and AI applications. Additionally, Snowflake has partnered with Cognite to develop a data-sharing integration aimed at improving industrial data access and intelligence. These partnerships reflect Snowflake’s ongoing efforts to expand its capabilities and market reach.
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