Analyst Brad Reback from Stifel Nicolaus maintained a Buy rating on Snowflake (SNOW – Research Report) and keeping the price target at $210.00.
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Brad Reback has given his Buy rating due to a combination of factors including Snowflake’s stable core business and the growing contribution from its newer products and capabilities. The company has consistently outperformed its product revenue guidance in the past, and although future beats are expected to be more measured, the overall outlook remains positive.
The management’s strategy to enhance operational efficiency and expand margins, along with the anticipated material impact of new product features in the latter half of FY26, supports the expectation of sustained revenue and free cash flow growth. These elements collectively underpin the confidence in Snowflake’s ability to maintain mid-to-upper 20% growth in the coming years, justifying the Buy rating.
According to TipRanks, Reback is a 5-star analyst with an average return of 11.5% and a 56.09% success rate. Reback covers the Technology sector, focusing on stocks such as ServiceNow, Microsoft, and Asure.
In another report released on May 16, Evercore ISI also maintained a Buy rating on the stock with a $200.00 price target.