PREVIEW: Snowflake lifts heading into results

ReutersAug 27, 2025 3:41 PM

Shares of cloud firm Snowflake SNOW.N rise 2.9% to $199.96 on Weds ahead of its Q2 results due after bell, with artificial intelligence in focus

SNOW shares getting a boost on the session as peer MongoDB's MDB.O stock pops >30% on AI-fueled demand

Wall Street expects SNOW to post rev of $1.09 bln, up 25% y/y, and adj EPS of 27 cents compared to 18 cents a yr-ago, per LSEG data

Last week, BofA Global Research upgraded SNOW to 'buy', pointing to a survey showing accelerated customer spending supported by momentum across AI and data storage offerings

Of 51 brokerages covering SNOW, recommendation breakdown is 42 "strong buy" or "buy", 8 "hold" and 1 "sell"; median PT is $235 - LSEG

Including move on Weds, stock up roughly 30% YTD

SNOW currently trading at ~141x forward earnings vs peer mean of ~39x

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