Cloud Data Warehouse (CDW)
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Wall Street Bullish on Snowflake (SNOW) Ahead of Fiscal Q3 2026 Results
Yahoo Finance· 2025-11-24 13:58
Core Viewpoint - Snowflake Inc. is positioned as a strong investment opportunity in the cloud sector, with positive analyst ratings and expectations for solid revenue growth in the upcoming fiscal quarter [1][2][3]. Group 1: Analyst Ratings and Price Targets - Derrick Wood from TD Cowen has reiterated a Buy rating for Snowflake Inc. with a price target of $275 [1]. - Raimo Lenschow from Barclays also maintained a Buy rating, increasing the price target from $255 to $290 [1]. Group 2: Revenue Expectations - Management anticipates fiscal Q3 2026 product revenue to be between $1.125 billion and $1.130 billion, indicating a year-over-year growth of 25% to 26% [2]. - The expected non-GAAP operating income margin is around 9% [2]. Group 3: Future Growth Drivers - Analyst Wood expects Snowflake to exceed growth targets, although performance may not match the exceptional results of previous quarters [3]. - Future growth is anticipated to be driven by the Cloud Data Warehouse (CDW) and Data Engineering segments, which are experiencing strong demand [3]. Group 4: Company Overview - Snowflake Inc. specializes in a cloud-based platform that offers data cloud and artificial intelligence solutions, utilizing a cloud-native architecture with three integrated layers: compute, storage, and cloud services [4].