Snowflake jumps on strong AI-driven revenue outlook

ReutersAug 28, 2025 8:26 AM

Cloud analytics firm Snowflake's shares SNOW.N gain 14.4% to $229.3 premarket

Co raises annual product revenue forecast to $4.40 bln from $4.33 bln, citing strong demand for data analytics services driven by rising AI spend

Also lifts adjusted operating margin outlook to 9% from previous 8% forecast

Barclays keeps "overweight" rating; raises PT to $255 from $219

Says "pipeline & new product uptake support further strength in 2H that should continue to drive the story"

At least seven brokerages raise PT on SNOW following the results

Stock rated "buy" on avg by 51 analysts; median PT is $255, per data compiled by LSEG

As of last close, SNOW up nearly 30% YTD

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