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.
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