On Nov 22, major Wall Street analysts update their ratings for $Snowflake (SNOW.US)$, with price targets ranging from $160 to $225.
Morgan Stanley analyst Keith Weiss maintains with a hold rating, and adjusts the target price from $175 to $190.
Goldman Sachs analyst Kash Rangan maintains with a buy rating, and maintains the target price at $220.
Citi analyst Tyler Radke maintains with a buy rating, and adjusts the target price from $183 to $225.
Deutsche Bank analyst Brad Zelnick maintains with a buy rating, and adjusts the target price from $180 to $190.
Jefferies analyst Brent Thill maintains with a buy rating, and adjusts the target price from $145 to $180.
Furthermore, according to the comprehensive report, the opinions of $Snowflake (SNOW.US)$'s main analysts recently are as follows:
It was described as a 'redemption quarter' for Snowflake, marked by strong sales outcomes, escalating bookings strength, increased contributions from new products, and stable recurring revenue. The management's commentary was notably more assertive and optimistic than before, highlighting new products and use cases related to artificial intelligence and data engineering as sufficient to counterbalance challenges associated with Iceberg tables and customary optimization and storage hurdles.
The firm notes that the company is 'getting back on track.'
Improved third-quarter results indicate that the challenges affecting product revenue and consumption are diminishing. Notably, a reported product revenue of $900M significantly surpassed the expected $852M, suggesting a favorable performance trend, although a stance of cautious optimism is maintained until signs of continued stability are observed.
Snowflake's bookings are accelerating along with an enhanced revenue outlook for fiscal 2025. Analysts indicate that the company is gaining from notable secular tailwinds.
Snowflake could potentially stabilize at its current growth levels, attributed to its robust remaining performance obligation bookings and stabilizing net recurring revenue trends. Given the market's initial assumptions of ongoing deceleration, a re-evaluation of these assumptions may lead investors to a higher valuation of the shares.
Here are the latest investment ratings and price targets for $Snowflake (SNOW.US)$ from 16 analysts:
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美東時間11月22日，多家華爾街大行更新了$Snowflake (SNOW.US)$的評級，目標價介於160美元至225美元。
摩根士丹利分析師Keith Weiss維持持有評級，並將目標價從175美元上調至190美元。
高盛集團分析師Kash Rangan維持買入評級，維持目標價220美元。
花旗分析師Tyler Radke維持買入評級，並將目標價從183美元上調至225美元。
德意志銀行分析師Brad Zelnick維持買入評級，並將目標價從180美元上調至190美元。
富瑞集團分析師Brent Thill維持買入評級，並將目標價從145美元上調至180美元。
此外，綜合報道，$Snowflake (SNOW.US)$近期主要分析師觀點如下：
這被描述爲snowflake的「復甦季度」，標誌着強勁的銷售業績、日益增強的訂單強度、新產品的貢獻增加以及穩定的營業收入。管理層的評論明顯比以往更加堅定和樂觀，強調與人工智能和數據工程相關的新產品和用例足以抵消與Iceberg表和傳統優化及存儲障礙相關的挑戰。
該公司指出，公司正在「回歸正軌」。
第三季度改善的業績表明影響產品營業收入和消費的挑戰正在減弱。值得注意的是，報告的產品營業收入爲90000萬，顯著超過預期的85200萬，表明有利的業績趨勢，儘管在觀察到持續穩定的跡象之前，維持謹慎樂觀的態度。
snowflake的訂單正在加速，同時對2025財年的收入展望也得到改善。分析師指出，公司正在獲得顯著的長期順風。
snowflake有可能在當前的增長水平上實現穩定，這歸功於其強勁的剩餘業績義務訂單和穩定的淨營業收入趨勢。鑑於市場對持續減速的初步假設，重新評估這些假設可能導致投資者對股票的估值提高。
以下爲今日16位分析師對$Snowflake (SNOW.US)$的最新投資評級及目標價：
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