Analyst Brian White of Monness maintained a Buy rating on Snowflake (SNOW – Research Report), with a price target of $188.00.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Brian White has given his Buy rating due to a combination of factors that highlight Snowflake’s potential for growth and innovation. Despite facing challenges in 2024, Snowflake showed resilience with a strong third quarter in fiscal year 2025, which contributed to significant stock gains. The company is well-positioned to leverage its newly introduced innovations to capitalize on long-term technology trends, despite a competitive and fragile macroeconomic environment.
White is optimistic about Snowflake’s revenue growth, forecasting a 27% increase for the fourth quarter of fiscal year 2025, with expectations aligning closely with the company’s own projections. Additionally, Snowflake’s initiative in accelerating innovation is anticipated to yield benefits in the coming years, particularly as the tech industry pivots to new opportunities following the underwhelming impact of generative AI in 2024. As Snowflake continues to expand its product offerings and ramp up new developments, its growth trajectory appears promising, justifying the Buy rating.
In another report released today, KeyBanc also reiterated a Buy rating on the stock with a $210.00 price target.