William Blair analyst Jason Ader has maintained their bullish stance on SNOW stock, giving a Buy rating today.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Jason Ader has given his Buy rating due to a combination of factors that highlight Snowflake’s strong performance and promising outlook. The company has surpassed consensus expectations across key metrics and has raised its product revenue guidance for the upcoming quarter and fiscal year 2026. This is attributed to robust consumption trends among existing customers, particularly in the retail and technology sectors, as well as significant bookings growth, including two major deals with financial services clients.
Moreover, Snowflake’s introduction of new data engineering and AI products has contributed positively to its revenue. The company’s non-GAAP operating margin and EPS have also exceeded expectations, indicating efficient management and operational execution. The confidence in the guidance for the second quarter and fiscal year 2026 is further supported by steady consumption trends and strong visibility into the business, making Snowflake a compelling investment opportunity according to Ader.
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.