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.
Related Articles
Snowflake target raised at Canaccord ahead of earnings
Victoria's Secret outlook upgraded to stable by Moody's Ratings
Southwest jet narrowly avoids colliding with business jet at Chicago airport
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。