Snowflake’s Valuation Looks Pricey — but Analyst Still Sees Room to Run
Snowflake (SNOW) stock jumped 24% following strong quarterly earnings, accelerating product revenue growth, and an raised annual outlook.
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Snowflake Inc. (NYSE: SNOW) faces heavy pressure from rival Databricks' explosive growth, but analysts say Snowflake's superior cash flow and cheaper stock price keep it a buy.
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Snowflake (SNOW) stock jumped 24% following strong quarterly earnings, accelerating product revenue growth, and an raised annual outlook.
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Macquarie analyst Steve Koenig maintains Snowflake (NYSE:SNOW) with a Neutral and raises the price target from $200 to $350.