Snowflake(US:SNOW) Financial Modeling Prep·2026-01-12 17:03Company Overview - Snowflake Inc. is a leading player in the cloud-based data warehousing industry, providing a platform for businesses to store, manage, and analyze data seamlessly. The company is recognized for its innovative approach to data management and is a key competitor in the enterprise AI sector alongside Google Cloud and AWS [1]. Financial Performance - In the third quarter of fiscal 2026, Snowflake reported product revenue of $1.16 billion, representing a 29% increase from the previous year. This growth is primarily driven by the company's expanding AI portfolio, including offerings like Snowflake Intelligence and Cortex AI [3]. - For the fourth quarter of fiscal 2026, Snowflake anticipates product revenue to be between $1.19 billion and $1.2 billion, indicating a projected year-over-year growth of 27% [4]. Stock Performance - Currently, Snowflake's stock is trading at $219.09, reflecting a decrease of 2.10% or $4.70. The stock has fluctuated between a low of $218.20 and a high of $226.83 on the same day. Over the past year, the stock reached a high of $280.67 and a low of $120.10, with a market capitalization of approximately $73.34 billion [5]. Analyst Insights - Barclays has set a price target of $250 for Snowflake, suggesting a potential upside of 14.11% from its current trading price. However, the firm has downgraded Snowflake to Equal Weight from Overweight, indicating a more cautious outlook on the stock's near-term performance [2][6].