Snowflake (SNOW) Stock: Wall Street’s Love Affair Continues as Analysts Keep Piling On Buy Ratings
Another day, another bullish note—Snowflake’s stock (SNOW) can’t seem to escape Wall Street’s adoration. Top analysts are tripping over themselves to slap fresh buy ratings on the cloud data giant, proving once again that hype cycles outlast rational valuation debates.
The Analyst Stampede
No surprises here—the usual suspects are doubling down. When the herd moves, it charges. Snowflake’s 'disruptive potential' (their words, not ours) keeps justifying price targets that would make a value investor shudder.
The Cynic’s Corner
Let’s be real: if 'buy' ratings were revenue, SNOW would’ve hit profitability years ago. But hey—when the music’s playing, you dance… until the cloud margins get squeezed.
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Separately, five-star analyst William Power from Baird also reiterated a Buy rating on Snowflake and pointed to several reasons for his bullish view. To begin with, the company’s new Cortex/AI product is expected to drive future growth, and Snowflake’s focus on improving data access and analytics gives it an edge in today’s data-driven world. At the same time, Snowflake is expanding its distribution network and strengthening its sales strategies. Another growth driver is the Gen2 Warehouses offering, which provides faster computing and better pricing.
In addition, five-star Stifel Nicolaus analyst Brad Reback shared this Optimism and maintained a Buy rating after the user conference. Reback noted that customers and partners are increasingly choosing Snowflake over competitors like Databricks for data science, engineering, and machine learning projects. Customers also gave very positive feedback on Snowpark, and many are excited about Openflow, which is a new tool that could remove the need for older middleware ETL platforms. Finally, Snowflake continues to lead in its core SQL business while gaining traction in newer tech.
Is SNOW a Good Buy Right Now?
Overall, analysts have a Strong Buy consensus rating on SNOW stock based on 34 Buys, six Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average SNOW price target of $226.74 per share implies 7.6% upside potential.
