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：
Snowflake被描述爲'救贖季度'，以強勁的銷售業績、不斷增長的預訂實力、來自新產品的增加貢獻以及穩定的循環收入爲特徵。管理層的評論明顯比以往更加肯定和樂觀，強調了與人工智能和數據工程相關的新產品和用例，足以抵消與冰山表和慣例優化以及存儲障礙相關的挑戰。
公司指出公司正在'重新回到正軌。'
改善的第三季度業績表明，影響產品收入和消費的挑戰正在減弱。值得注意的是，報告的產品收入爲$90000萬，顯著超過預期的$85200萬，表明有利的表現趨勢，儘管謹慎樂觀的態度仍然保持，直到持續穩定的跡象。
Snowflake的預訂隨着對2025財年增強的營收前景而加速。分析師表示，公司正在受益於顯著的長期結構性助推。
Snowflake有可能在當前增長水平上穩定，這歸因於其強勁的剩餘履約預訂和穩定的淨循環收入趨勢。鑑於市場最初預測持續減速，對這些假設的重新評估可能會促使投資者對股票進行更高的估值。
以下爲今日16位分析師對$Snowflake (SNOW.US)$的最新投資評級及目標價：
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