Barclays analyst Raimo Lenschow upgrades $Snowflake (SNOW.US)$ to a buy rating, and maintains the target price at $190.
According to TipRanks data, the analyst has a success rate of 53.2% and a total average return of 4.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Snowflake (SNOW.US)$'s main analysts recently are as follows:
The evolving artificial intelligence data landscape is being more effectively addressed by the Snowflake management team, with expectations of visible improvements in product momentum throughout the year. Heading into the fiscal year 2026, Snowflake demonstrates an accelerated introduction of new products, many oriented towards emerging AI trends, which have reached maturity and are generally available, contributing to meaningful growth.
Software is anticipated to outperform in 2025 due to improving fundamentals, optimistic estimate revisions, and moderate multiple expansion throughout the year. Demand trends are expected to improve and enthusiasm around artificial intelligence is likely to surpass the challenges posed by gradually increasing generative AI adoption, elevated capital expenditures, and the continuous debate over scaling laws.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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