Snowflake target raised at Canaccord ahead of earnings

Investing.com

02-26

Investing.com -- Canaccord Genuity raised its price target on Snowflake (NYSE:SNOW) by $30 to $220, as company is set to report fourth-quarter earnings on Wednesday. Stabilizing growth and AI-driven expansion are key themes for the company heading into fiscal 2026.

Snowflake’s stock has gained about 38% in the past three months, as investors look at product revenue momentum, net revenue retention stabilization, and AI monetization.

“We continue to see a buying opportunity in these trading ranges for a company well positioned to capitalize on an ongoing customer investment cycle in data management,” the note stated.

Snowflake’s Q3 results showed a 29% rise in product revenue to around $900 million, with its Snowpark platform gaining traction and expected to contribute 3% of total revenue in fiscal 2025.

Canaccord expects Snowflake’s Q4 report to show continued improvement in consumption trends, new customer acquisition, and early AI-driven revenue.

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Stabilizing growth and AI-driven ...</p>\n\n<a href=\"https://finance.yahoo.com/news/snowflake-target-raised-canaccord-ahead-193215769.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNOW","symbol_name":"Snowflake","start_time":0,"source_url":"https://finance.yahoo.com/news/snowflake-target-raised-canaccord-ahead-193215769.html","article_id":"2514499045","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514499045","pubTimestamp":1740511935,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Investing.com --Canaccord Genuity raised its price target on Snowflake  by $30 to $220, as company is set to report fourth-quarter earnings on Wednesday. Stabilizing growth and AI-driven expansion are key themes for the company heading into fiscal 2026.Snowflake’s stock has gained about 38% in the past three months, as investors look at product revenue momentum, net revenue retention stabilization, and AI monetization. “We continue to see a buying opportunity in these trading ranges for a company well positioned to capitalize on an ongoing customer investment cycle in data management,” the note stated.Snowflake’s Q3 results showed a 29% rise in product revenue to around $900 million, with its Snowpark platform gaining traction and expected to contribute 3% of total revenue in fiscal 2025.Canaccord expects Snowflake’s Q4 report to show continued improvement in consumption trends, new customer acquisition, and early AI-driven revenue.Victoria's Secret outlook upgraded to stable by Moody'","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SNOW":"Snowflake"},"translate_title":"Canaccord在财报发布前上调雪花目标","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNOW":1},"content_text":"Investing.com -- Canaccord Genuity raised its price target on Snowflake (NYSE:SNOW) by $30 to $220, as company is set to report fourth-quarter earnings on Wednesday. Stabilizing growth and AI-driven expansion are key themes for the company heading into fiscal 2026.Snowflake’s stock has gained about 38% in the past three months, as investors look at product revenue momentum, net revenue retention stabilization, and AI monetization. “We continue to see a buying opportunity in these trading ranges for a company well positioned to capitalize on an ongoing customer investment cycle in data management,” the note stated.\nSnowflake’s Q3 results showed a 29% rise in product revenue to around $900 million, with its Snowpark platform gaining traction and expected to contribute 3% of total revenue in fiscal 2025.\nCanaccord expects Snowflake’s Q4 report to show continued improvement in consumption trends, new customer acquisition, and early AI-driven revenue.\nRelated Articles\nSnowflake target raised at Canaccord ahead of earnings\nVictoria's Secret outlook upgraded to stable by Moody's Ratings\nSouthwest jet narrowly avoids colliding with business jet at Chicago airport","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}