Monness analyst Brian White maintained a Buy rating on Snowflake (SNOW – Research Report) today and set a price target of $230.00.
Brian White has given his Buy rating due to a combination of factors that highlight Snowflake’s strong performance and potential for growth. The company reported impressive fourth-quarter results for FY25, surpassing revenue and earnings expectations, which indicates robust operational execution. Additionally, Snowflake’s product revenue saw a significant year-over-year increase, and the company expanded its customer base, demonstrating its ability to attract and retain high-value clients.
Moreover, Snowflake’s strategic initiatives, such as expanding partnerships and enhancing AI/ML capabilities, position it well to capitalize on emerging technology trends. Despite a slight deceleration in growth metrics, the company’s positive outlook for FY26, including projected increases in product sales and operating margins, supports the Buy recommendation. These factors, combined with a raised price target, underscore the analyst’s confidence in Snowflake’s future performance.
In another report released today, Needham also maintained a Buy rating on the stock with a $215.00 price target.