SNOW Price Prediction Next Week
Technical Analysis
Based on the technical indicators and recent price movements, SNOW shows the following patterns:
- Current price is trading around $168.55 with key Fibonacci levels showing resistance at $175.88 and support at $161.22
- RSI at 62.42 indicates moderate bullish momentum without being overbought
- MACD at 3.70 suggests positive momentum
News Sentiment & Catalysts
Recent key developments affecting SNOW:
- Wedbush analyst Dan Ives raised price target to $210 from $190, citing strong AI/ML capabilities demand
- The company's Cortex AI platform is showing significant adoption with over 3,200 customers already using AI/ML features
- SNOW received a 77% rating from Validea's P/B Growth Investor model, indicating strong growth potential
Price Prediction for Next Week
Based on technical and fundamental analysis:
- Base Case (60% probability): $172-178
- Bullish Case (25% probability): $180-185
- Bearish Case (15% probability): $160-165
The base case scenario is most likely due to:
- Strong institutional backing and analyst upgrades
- Current price sitting above key moving averages
- Growing AI capabilities adoption
- RSI showing room for upward movement without being overbought
Trading Recommendation
BUY with entry around current levels ($168-170):
- Initial target: $175 (Fibonacci R1)
- Secondary target: $180 (Fibonacci R2)
- Stop loss: $161 (Fibonacci S1)
The positive analyst sentiment, growing AI adoption, and technical indicators suggest upward momentum in the near term, making current levels attractive for entry.
SNOW Similar Chart Price Prediction
The price of SNOW is predicted to go up 5.5%, based on the high correlation periods with NYT. The similarity of these two price pattern on the periods is 95.73%.
SNOW
NYT
Up: 5.5%Similarity: 95.73%
SNOW Revenue Forecast
SNOW EPS Forecast
SNOW FAQs
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SNOW VS S&P500
Snowflake could remain the only multicloud offering of its kind for much longer than anticipated, allowing it to increase its top line more with minimal pricing pressure.
Snowflake could move to a subscription model from a usage-based model, boosting its monetization of its products.
Snowflake could expand to other multicloud data needs, pushing spending per customer to greater heights.
SNOW Analyst's Forecast
Ittai Kidron
Oppenheimer
Buy
Price Target
$180 → $200
Upside
+23.13%
Oppenheimer analyst Ittai Kidron raised the firm's price target on Snowflake to $200 from $180 and keeps an Outperform rating on the shares. The firm is keeping Snowflake as a top pick into 2025. Oppenheimer's bullish thesis is predicated on a positive FY26 set-up, reflecting an in-line/slight upside initial guide to consensus with good prospects for a beat-and-raise cadence as the year unfolds from new products/AI workloads; realigning Iceberg expectations, from concerns over potentially lost storage revenue in FY25, to an emerging FY26 tailwind as it drives consumption; growing Cortex/AI momentum as cloud and LLM independence incentivizes customers to build apps on Snowflake; and room for OM expansion as investment normalizes after stepped-up FY25 investment.
Raimo Lenschow
Barclays
Hold → Buy
Price Target
$190
Upside
+16.95%
Michael Turrin
Wells Fargo
Hold → Buy
Price Target
$150 → $200
Upside
+25.91%