Snowflake Shares Surge Following Analysts' Increased Price Targets After Impressive Earnings Report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 29 2025
0mins
Source: TipRanks
Snowflake Stock Surge
- Strong Performance: Snowflake (SNOW) stock increased over 20% following a strong earnings report for Q2 of fiscal 2026, reaching a new 52-week high of $249.99. The company exceeded both sales and earnings expectations.
- Year-to-Date Growth: The stock has seen a remarkable year-to-date increase of more than 56%, driven by the expanding artificial intelligence (AI) market.
Analyst Price Target Increases
- Piper Sandler's Outlook: Analyst Brent Bracelin raised the price target from $215 to $285, indicating an 18.3% upside potential. This adjustment reflects confidence in Snowflake's product growth and AI-driven demand.
- Wells Fargo's Perspective: Michael Turrin increased the target from $250 to $275, noting a clean Q2 performance and revenue growth exceeding 30%. He raised concerns about sustaining growth through new customer workloads.
- Scotiabank's Assessment: Patrick Colville raised the target from $230 to $280, suggesting a 16.2% upside. He praised Snowflake's AI innovations and strong quarterly results.
- Needham's Evaluation: Mike Cikos increased the price target to $280 from $230, emphasizing the significant market opportunity and a 32% year-over-year product revenue growth, surpassing previous guidance.
Analyst Consensus and Future Potential
- Buy Ratings: All analysts maintained a Buy rating on SNOW stock, encouraged by the company's strong quarterly performance and future growth potential.
- TipRanks Consensus: On TipRanks, SNOW stock holds a Strong Buy consensus rating, with 33 Buy ratings and three Hold ratings. The average price target of $264.56 suggests a 9.8% upside from current levels.
Analyst Views on SNOW
Wall Street analysts forecast SNOW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SNOW is 274.58 USD with a low forecast of 221.00 USD and a high forecast of 325.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
34 Analyst Rating
31 Buy
3 Hold
0 Sell
Strong Buy
Current: 207.740
Low
221.00
Averages
274.58
High
325.00
Current: 207.740
Low
221.00
Averages
274.58
High
325.00
About SNOW
Snowflake Inc. is a data cloud and artificial intelligence company. Its platform is the technology that powers the AI Data Cloud, enabling customers to consolidate data into a single source of truth to drive meaningful insights, apply artificial intelligence (AI) to solve business problems, build data applications, and share data and data products. It provides its platform through a customer-centric, and consumption-based business model. Its cloud-native architecture consists of three independently scalable but logically integrated layers across compute, storage, and cloud services. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases with minimal latency. The storage layer ingests massive amounts and varieties of structured, semi-structured, and unstructured data to create a unified data record. Its ClearQuery platform allows users to rapidly search, explore, and analyze their data using natural language queries.
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.
