Snowflake(US:SNOW) 智通财经网·2025-05-22 13:00Core Viewpoint - Snowflake's latest quarterly earnings exceeded market expectations, leading to a nearly 10% increase in stock price during pre-market trading, indicating market approval of the company's sales system reform and new product strategy [1] Group 1: Financial Performance - Snowflake's first-quarter performance was described as robust and impressive, with a significant improvement in long-term growth prospects compared to the same period last year [1] - Analysts expect Snowflake to achieve sustained growth of over 20% in the coming years, supported by a stable core business and ongoing efforts in data engineering and AI applications [1] Group 2: Analyst Ratings and Price Targets - Morgan Stanley analyst Keith Weiss maintained a "hold" rating on Snowflake but raised the target price from $185 to $200, citing a comprehensive transformation since the new CEO took over [1] - Jefferies analyst Brent Thill maintained a "buy" rating with a target price of $220, emphasizing Snowflake's strong recovery potential [2] - Needham analyst Mike Cikos increased the target price from $215 to $230 while reiterating a "buy" rating, indicating confidence in future product revenue growth [2] Group 3: Product Innovation - The company has accelerated product innovation and improved the efficiency of its sales team and market expansion strategies, particularly in handling AI workloads and unstructured data [1] - New products like Snowpark and Dynamic Tables are gaining market recognition, contributing to the positive outlook on the company's performance [1][2]