Snowflake rises to highest in over a year after lifting FY26 product revenue forecast
ReutersMay 22, 2025 1:44 PM
Shares of cloud company Snowflake SNOW.N jump almost 11% to $199, its highest since February 2024
*Co raises FY26 product revenue forecast; Q2 product revenue forecast also higher than estimates
At least 10 brokerages raise PT including JP Morgan and Barclays
Needham says SNOW provides "material customer value" as a cloud-based data warehouse, and is pursuing meaningful expansion
Truist says co has a unique technology advantage in data cloud
36 out of 47 analysts rate stock as "buy" or higher, 10 "hold" and one "sell"; median PT is $220 - LSEG
As of last close, SNOW up 16% YTD, compared with Dow Jones US Technology sector index's .DJUSTC decline of 3.1%
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