Snowflake (NYSE:SNOW) is on a hot streak after crushing Q4 FY25 estimates on both revenue and profit. The stock jumped 9.21% to close at $166.19 on February 26, and analysts are feeling bullish, raising their price targets following the earnings beat.
Raymond James analyst Simon Leopold bumped up his price target from $188 to $196, pointing to Snowflake's strong results and growing adoption of "iceberg tables"an open-source format making it easier for customers to manage massive datasets. These tables have driven more workloads to Snowflake's platform, boosting revenue. Piper Sandler's Brent Bracelin sees even more room to run, raising his price target to $215 from $208 and calling Snowflake a top pick for 2025.
He highlighted strong customer spending, a $35 million revenue beat, and 28% year-over-year product growth. Bracelin also praised Snowpark, a developer framework allowing users to process data using Python, Java, and Scala, which racked up over $100 million in revenue last year. On top of that, customer retention remains strong, with remaining performance obligations (cRPO) up 27% YoY, matching last year's growth rate.
This article first appeared on GuruFocus.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。