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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美东时间11月22日，多家华尔街大行更新了$Snowflake (SNOW.US)$的评级，目标价介于160美元至225美元。
摩根士丹利分析师Keith Weiss维持持有评级，并将目标价从175美元上调至190美元。
高盛集团分析师Kash Rangan维持买入评级，维持目标价220美元。
花旗分析师Tyler Radke维持买入评级，并将目标价从183美元上调至225美元。
德意志银行分析师Brad Zelnick维持买入评级，并将目标价从180美元上调至190美元。
富瑞集团分析师Brent Thill维持买入评级，并将目标价从145美元上调至180美元。
此外，综合报道，$Snowflake (SNOW.US)$近期主要分析师观点如下：
Snowflake被描述为'救赎季度'，以强劲的销售业绩、不断增长的预订实力、来自新产品的增加贡献以及稳定的循环收入为特征。管理层的评论明显比以往更加肯定和乐观，强调了与人工智能和数据工程相关的新产品和用例，足以抵消与冰山表和惯例优化以及存储障碍相关的挑战。
公司指出公司正在'重新回到正轨。'
改善的第三季度业绩表明，影响产品收入和消费的挑战正在减弱。值得注意的是，报告的产品收入为$90000万，显著超过预期的$85200万，表明有利的表现趋势，尽管谨慎乐观的态度仍然保持，直到持续稳定的迹象。
Snowflake的预订随着对2025财年增强的营收前景而加速。分析师表示，公司正在受益于显著的长期结构性助推。
Snowflake有可能在当前增长水平上稳定，这归因于其强劲的剩余履约预订和稳定的净循环收入趋势。鉴于市场最初预测持续减速，对这些假设的重新评估可能会促使投资者对股票进行更高的估值。
以下为今日16位分析师对$Snowflake (SNOW.US)$的最新投资评级及目标价：
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