Snowflake (SNOW) News Today

Snowflake Inc. (NYSE: SNOW) shares have risen as investors digest exceptionally strong first-quarter results and a wave of bullish analyst revisions. The company reported $1.04 billion in revenue (up 26% year-over-year), beat consensus on both top and bottom lines, and raised its full-year outlook. Dozens of brokerages raised price targets and reiterated buy/outperform ratings, while only a handful of cautions and a single large-cap downgrade held some investors back.

• Q1 beat and raise: Product revenue grew 26% to $996.8 million, total revenue hit $1.04 billion, and full-year guidance was lifted to ~25% revenue growth.
• Broad analyst upgrades: Over 15 firms increased price targets—ranging from $215 (Robert W. Baird) up to $250 (DA Davidson)—and maintained buy or outperform ratings.
• Institutional demand: Large investors added to positions post-earnings, driving net inflows and underpinning the rally.
• Listed among MarketBeat’s “Artificial Intelligence Stocks To Consider,” underscoring its AI platform exposure.
• Yuki’s cost-optimization solution now in AWS Marketplace, expanding the Snowflake partner ecosystem.
• Several firms held neutral/equal-weight stances with modest upside: UBS ($210), Macquarie ($190), Bank of America ($220), Morgan Stanley ($200).
• HSBC Global Research cut SNOW to a “strong sell,” marking the only major downgrade amid widespread bullishness.
• A Seeking Alpha warning flagged a high valuation (~110× forward EBITDA), cautioning against potential downside if execution slips.
• Commentary from The Motley Fool highlighted widening net losses as Snowflake invests aggressively in growth.