Mizuho Securities analyst Gregg Moskowitz has reiterated their bullish stance on SNOW stock, giving a Buy rating on February 27.
Gregg Moskowitz has given his Buy rating due to a combination of factors that highlight Snowflake’s strong performance and future potential. The company reported a significant 28% year-over-year growth in product revenue for the fourth quarter, surpassing market expectations and indicating robust demand for its offerings. Despite some concerns about booking growth due to timing issues and the upcoming retirement of CFO Mike Scarpelli, the management remains optimistic about the core business’s strength and has provided a solid revenue forecast for FY26.
Furthermore, Snowflake is well-positioned to benefit from ongoing trends as enterprises modernize their data infrastructure, which is expected to sustain its momentum. The company’s introduction of new products and improvements in its go-to-market strategy are anticipated to contribute positively to revenue growth. Additionally, the valuation of Snowflake remains attractive, supporting the Buy rating with a price target of $205, which reflects confidence in the company’s ability to capitalize on its market opportunities.
In another report released on February 27, Barclays also maintained a Buy rating on the stock with a $203.00 price target.
Based on the recent corporate insider activity of 192 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNOW in relation to earlier this year.