"Snowflake operates a cloud data platform that is now positioned as an AI data cloud under CEO Sridhar Ramaswamy. Enterprises use it to query, share, and build applications on structured and unstructured data, with new AI features layered on top through partnerships with major tech companies."
"Despite a 36% year-to-date decline, Snowflake's Q4 FY2026 report showed solid performance with EPS at $0.32 and revenue growth of 30% to $1.28 billion. Remaining performance obligations rose 42% to $9.77 billion, indicating strong demand."
"Analysts remain firmly bullish on Snowflake, citing the potential for compounding consumption-led growth while AI workloads enhance the already-sticky data platform. FY2027 product revenue is expected to reach $5.66 billion, up 27%."
Snowflake currently trades around $140, with analysts predicting a price target of $232.74, indicating a 66% upside. The company operates a cloud data platform, now branded as an AI data cloud, enabling enterprises to manage structured and unstructured data. Despite a 36% decline year-to-date and a GAAP operating loss of $318 million, analysts remain bullish due to strong revenue growth and the potential for AI workloads. FY2027 product revenue is projected to reach $5.66 billion, reflecting continued demand and consumption-led growth.
Read at 24/7 Wall St.
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