- Goldman Sachs sets a price target of $205 for SNOW, indicating a potential increase of 12.32%.
- Analysts expect revenue to hit $1 billion, a 21.13% increase year-over-year, with an EPS growth of 57.14%.
- Snowflake has a history of exceeding earnings expectations, with an average earnings surprise of 28.04% over the past four quarters.
Snowflake Inc. (NYSE:SNOW) is a prominent player in the cloud-based data warehousing industry. The company provides a platform that enables businesses to consolidate data into a single source, making it easier to access and analyze. Snowflake competes with other tech giants like Amazon Web Services and Microsoft Azure in the cloud computing space.
On May 19, 2025, Kash Rangan from Goldman Sachs set a price target of $205 for SNOW. At that time, the stock was priced at $182.51, suggesting a potential increase of about 12.32%. This optimistic outlook aligns with Snowflake’s anticipated strong performance in its upcoming fiscal 2026 first-quarter results.
Snowflake is set to announce its first-quarter fiscal 2026 results on May 21. Analysts at Zacks Investment Research expect the company’s revenue to hit $1 billion, a 21.13% increase from the previous year. This growth is likely driven by Snowflake’s expanding customer base and network of partners, which continue to bolster its market position.
The expected earnings per share (EPS) for Snowflake is 22 cents, marking a significant 57.14% growth year-over-year. Over the past four quarters, Snowflake has exceeded the Zacks Consensus Estimate three times, with an average earnings surprise of 28.04%. This track record of surpassing expectations may contribute to the positive sentiment surrounding the stock.
Currently, SNOW’s stock price is $182.20, reflecting a slight decrease of 0.48% or $0.88. The stock has traded between $180.13 and $183.10 today. Over the past year, SNOW has seen a high of $194.40 and a low of $107.13. With a market capitalization of approximately $60.79 billion and a trading volume of 2,216,669 shares on the NYSE, Snowflake remains a significant player in the market.
