Citi analyst Tyler Radke has maintained their bullish stance on SNOW stock, giving a Buy rating today.
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Tyler Radke has given his Buy rating due to a combination of factors that highlight Snowflake’s strong performance and potential for growth. The company demonstrated resilience in consumption and achieved robust bookings, which were evident in their recent quarterly results. Snowflake’s product revenue exceeded expectations, showing a 4.5% beat, which is at the higher end of typical performance ranges, and this was achieved despite a challenging macroeconomic environment.
Furthermore, the company’s guidance for the upcoming quarter and fiscal year 2026 was notably strong, with revenue forecasts being raised beyond the initial beat. Although there was a miss in free cash flow due to asset impairments and increased capital expenditures, these expenditures could be indicative of future growth opportunities. The acceleration in bookings momentum and the potential for increased contributions from new products and AI customer expansions also support the positive outlook. Overall, these factors contribute to a favorable view of Snowflake’s stock, suggesting it is well-positioned for continued success.
In another report released today, Barclays also maintained a Buy rating on the stock with a $219.00 price target.
Based on the recent corporate insider activity of 212 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNOW in relation to earlier this year.