Favorable Channel Checks for Snowflake, Palo Alto, and CrowdStrike Ahead of Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 18 2026
0mins
Source: seekingalpha
- Data Modernization Growth: Mizuho Securities analysts noted that Snowflake is experiencing significant adoption of Snowflake Intelligence and Cortex Code, driven by data modernization, indicating strong demand in the data warehousing sector that is expected to continue boosting performance.
- Strong Subscription Revenue: Palo Alto Networks is seeing favorable performance in both subscription and product revenues, particularly with strong demand for Prisma SASE and XSIAM, with analysts projecting Total RPO growth could exceed the guided range of 32-33%, raising the price target to $265.
- CrowdStrike Growth Potential: Despite a recent share price increase, analysts highlighted CrowdStrike's success in cross-selling and large deal activities, along with increased adoption of Falcon Flex and Falcon Shield, expecting ARR to grow to approximately $5.5 billion with a 24% year-over-year increase.
- Positive Market Response: Ahead of their upcoming quarterly results, the market response for all three companies is positive, with analysts rating Snowflake and Palo Alto Networks as “Outperform,” reflecting investor confidence in their future performance.
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Analyst Views on SNOW
Wall Street analysts forecast SNOW stock price to rise
33 Analyst Rating
30 Buy
3 Hold
0 Sell
Strong Buy
Current: 232.780
Low
237.00
Averages
278.19
High
312.00
Current: 232.780
Low
237.00
Averages
278.19
High
312.00
About SNOW
Snowflake Inc. is an artificial intelligence (AI) data cloud company. The Company provides a platform which powers the AI data cloud, enabling customers to consolidate data into a single source of truth to drive insights, apply AI to solve business problems, build data applications, and share data and data products. Its cloud-native architecture includes three independently scalable but logically integrated layers across storage, compute, and cloud services. The storage layer ingests massive amounts and varieties of structured, semi-structured, and unstructured data. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases with minimal latency. The cloud services layer enables users to securely use AI within applications, tools, and processes. Its platform supports a wide range of product categories for customers’ business objectives, including analytics, data engineering, AI, applications and collaboration.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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