Favorable Channel Checks for Snowflake, Palo Alto, and CrowdStrike Ahead of Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy SNOW?
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: 164.240
Low
237.00
Averages
278.19
High
312.00
Current: 164.240
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.
Favorable Channel Checks for Snowflake, Palo Alto, and CrowdStrike Ahead of Earnings
- 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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- Valuation Surge: SpaceX's valuation reached $800 billion in 2025, soared to $1.25 trillion after merging with xAI in 2026, and recently hit $1.5 trillion on Forge Global, with IPO expectations between $1.75 trillion and $2 trillion, indicating strong growth potential in the aerospace market.
- Revenue Expectations: Analysts estimate SpaceX's revenue last year ranged from $15 billion to $18 billion, and while specific figures remain undisclosed, the IPO valuation implies a price-to-sales ratio exceeding 100, reflecting high market expectations for future growth.
- Technological Innovation: SpaceX significantly reduces launch costs through reusable rockets and has evolved Starlink into a global broadband network, while also positioning itself as an orbital AI infrastructure provider, with a total addressable market estimated at around $28 trillion, primarily in enterprise AI.
- Market Risks: Although SpaceX's IPO may price shares at a premium, its future valuation faces multiple risks, including the need for Starlink user growth, Starship launch frequency, and the commercialization of its AI business, where any execution delays or shifts in market sentiment could lead to significant valuation volatility.
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- Return to Airlines: Berkshire Hathaway has acquired a stake worth over $2.6 billion in Delta Air Lines, marking its return to the airline industry after exiting entirely during the pandemic in 2020, which reflects confidence in the recovery of the aviation market.
- Portfolio Adjustments: In the first quarter, Berkshire trimmed its stake in Chevron while significantly increasing its investment in Alphabet, now its seventh-largest holding, indicating a strategic shift towards technology stocks.
- Impact of Executive Changes: Following the departure of investment manager Todd Combs, Berkshire sold several stocks last quarter, including a complete exit from Amazon, highlighting the necessity of adjusting investment strategies in response to leadership changes.
- Cash Reserve Challenges: Buffett acknowledged the current investment environment is not ideal, with Berkshire's cash reserves nearing $400 billion; nevertheless, the company resumed stock buybacks in the first quarter, signaling a search for suitable investment opportunities.
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Cerebras Systems Achieves Record U.S. Tech IPO Success
- IPO Pricing Exceeds Expectations: Cerebras Systems priced its IPO at $185, surpassing the expected range of $150 to $160, raising $5.55 billion and achieving a valuation of $56.4 billion, reflecting strong market demand for its AI chips.
- Strong First-Day Trading: Shares opened at $350 on Nasdaq, nearly double the IPO price, and closed at about $311, indicating investor optimism about the company's growth potential, although historical data suggests that such IPOs may underperform in the long run.
- Significant Revenue Growth: Cerebras reported revenue of $510 million in 2025, a 76% increase from $290 million in 2024, showcasing its robust growth in the AI inference market, despite ongoing operational losses.
- Customer Concentration Risk: In 2025, 86% of Cerebras' revenue came from just two UAE-linked customers, and while the long-term agreement with OpenAI provides revenue visibility, the high customer concentration poses risks to the company's future stability.
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Zeta Global Joins Open Semantic Interchange Initiative Led by Snowflake
- Joining Open Standards: Zeta Global announced its participation in the Open Semantic Interchange (OSI) initiative led by Snowflake, aimed at establishing a unified, vendor-neutral semantic data standard to address inconsistencies in business metric definitions across different companies and tools, thereby enhancing data interoperability.
- Stock Price Reaction: Following the announcement, Zeta's stock rose approximately 3.37% to $16.58 during trading, although it slipped slightly in after-hours trading, indicating a positive market response to its OSI involvement, yet it remains down about 18.53% year-to-date.
- Market Performance Comparison: In contrast to Zeta's performance, the S&P 500 index has risen 9.58% year-to-date, while Snowflake's stock has declined 31.27%, reflecting market concerns about the latter, although analysts maintain a 'strong buy' rating for both companies, indicating confidence in their long-term potential.
- Ecosystem Collaboration: Zeta stated that joining OSI would facilitate smoother integration of its marketing cloud platform with other enterprise tools, reducing integration issues; despite short-term stock volatility, investors are keenly observing whether such ecosystem collaboration can support stronger data adoption and AI-driven revenue growth.
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Cerebras Systems IPO Soars, Approaching $100 Billion Market Cap
- IPO Performance: Cerebras' shares surged 68% on their Nasdaq debut, pushing the company's market cap close to $100 billion, signaling a strong demand for AI chips and a resurgence of investor confidence.
- Founders' Wealth Surge: CEO Andrew Feldman and CTO Sean Lie now hold stakes valued at $3.2 billion and $1.7 billion respectively, reflecting the substantial wealth increase resulting from the successful IPO and solidifying their positions in the tech industry.
- Record Financing: The IPO raised $5.55 billion, marking it as the largest IPO of 2026, showcasing the market's intense interest in AI technology and recognition of the company's future growth potential.
- Investor Returns: Early investors Benchmark and Foundation Capital now hold shares worth $5.5 billion and $4.8 billion respectively, indicating a significant return for Silicon Valley venture capitalists after a prolonged IPO drought, which may stimulate future investment activities.
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Favorable Channel Checks for Snowflake, Palo Alto, and CrowdStrike Ahead of Earnings
- 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.
See More
SpaceX Approaches $2 Trillion IPO Valuation
- Valuation Surge: SpaceX's valuation reached $800 billion in 2025, soared to $1.25 trillion after merging with xAI in 2026, and recently hit $1.5 trillion on Forge Global, with IPO expectations between $1.75 trillion and $2 trillion, indicating strong growth potential in the aerospace market.
- Revenue Expectations: Analysts estimate SpaceX's revenue last year ranged from $15 billion to $18 billion, and while specific figures remain undisclosed, the IPO valuation implies a price-to-sales ratio exceeding 100, reflecting high market expectations for future growth.
- Technological Innovation: SpaceX significantly reduces launch costs through reusable rockets and has evolved Starlink into a global broadband network, while also positioning itself as an orbital AI infrastructure provider, with a total addressable market estimated at around $28 trillion, primarily in enterprise AI.
- Market Risks: Although SpaceX's IPO may price shares at a premium, its future valuation faces multiple risks, including the need for Starlink user growth, Starship launch frequency, and the commercialization of its AI business, where any execution delays or shifts in market sentiment could lead to significant valuation volatility.
See More
Berkshire Hathaway Reenters Airline Sector with Delta Stake
- Return to Airlines: Berkshire Hathaway has acquired a stake worth over $2.6 billion in Delta Air Lines, marking its return to the airline industry after exiting entirely during the pandemic in 2020, which reflects confidence in the recovery of the aviation market.
- Portfolio Adjustments: In the first quarter, Berkshire trimmed its stake in Chevron while significantly increasing its investment in Alphabet, now its seventh-largest holding, indicating a strategic shift towards technology stocks.
- Impact of Executive Changes: Following the departure of investment manager Todd Combs, Berkshire sold several stocks last quarter, including a complete exit from Amazon, highlighting the necessity of adjusting investment strategies in response to leadership changes.
- Cash Reserve Challenges: Buffett acknowledged the current investment environment is not ideal, with Berkshire's cash reserves nearing $400 billion; nevertheless, the company resumed stock buybacks in the first quarter, signaling a search for suitable investment opportunities.
See More
Cerebras Systems Achieves Record U.S. Tech IPO Success
- IPO Pricing Exceeds Expectations: Cerebras Systems priced its IPO at $185, surpassing the expected range of $150 to $160, raising $5.55 billion and achieving a valuation of $56.4 billion, reflecting strong market demand for its AI chips.
- Strong First-Day Trading: Shares opened at $350 on Nasdaq, nearly double the IPO price, and closed at about $311, indicating investor optimism about the company's growth potential, although historical data suggests that such IPOs may underperform in the long run.
- Significant Revenue Growth: Cerebras reported revenue of $510 million in 2025, a 76% increase from $290 million in 2024, showcasing its robust growth in the AI inference market, despite ongoing operational losses.
- Customer Concentration Risk: In 2025, 86% of Cerebras' revenue came from just two UAE-linked customers, and while the long-term agreement with OpenAI provides revenue visibility, the high customer concentration poses risks to the company's future stability.
See More
Zeta Global Joins Open Semantic Interchange Initiative Led by Snowflake
- Joining Open Standards: Zeta Global announced its participation in the Open Semantic Interchange (OSI) initiative led by Snowflake, aimed at establishing a unified, vendor-neutral semantic data standard to address inconsistencies in business metric definitions across different companies and tools, thereby enhancing data interoperability.
- Stock Price Reaction: Following the announcement, Zeta's stock rose approximately 3.37% to $16.58 during trading, although it slipped slightly in after-hours trading, indicating a positive market response to its OSI involvement, yet it remains down about 18.53% year-to-date.
- Market Performance Comparison: In contrast to Zeta's performance, the S&P 500 index has risen 9.58% year-to-date, while Snowflake's stock has declined 31.27%, reflecting market concerns about the latter, although analysts maintain a 'strong buy' rating for both companies, indicating confidence in their long-term potential.
- Ecosystem Collaboration: Zeta stated that joining OSI would facilitate smoother integration of its marketing cloud platform with other enterprise tools, reducing integration issues; despite short-term stock volatility, investors are keenly observing whether such ecosystem collaboration can support stronger data adoption and AI-driven revenue growth.
See More
Cerebras Systems IPO Soars, Approaching $100 Billion Market Cap
- IPO Performance: Cerebras' shares surged 68% on their Nasdaq debut, pushing the company's market cap close to $100 billion, signaling a strong demand for AI chips and a resurgence of investor confidence.
- Founders' Wealth Surge: CEO Andrew Feldman and CTO Sean Lie now hold stakes valued at $3.2 billion and $1.7 billion respectively, reflecting the substantial wealth increase resulting from the successful IPO and solidifying their positions in the tech industry.
- Record Financing: The IPO raised $5.55 billion, marking it as the largest IPO of 2026, showcasing the market's intense interest in AI technology and recognition of the company's future growth potential.
- Investor Returns: Early investors Benchmark and Foundation Capital now hold shares worth $5.5 billion and $4.8 billion respectively, indicating a significant return for Silicon Valley venture capitalists after a prolonged IPO drought, which may stimulate future investment activities.
See More
