Snowflake (SNOW – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Brent Thill from Jefferies reiterated a Buy rating on the stock and has a $220.00 price target.
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Brent Thill has given his Buy rating due to a combination of factors that highlight Snowflake’s strong performance and promising future outlook. The company reported a significant beat in product revenue, showing a 26% year-over-year growth, which exceeded market expectations. Additionally, Snowflake raised its fiscal year 2026 revenue guidance, indicating confidence in sustained growth.
Moreover, the momentum in new products like Snowpark and Dynamic Tables is contributing positively to the company’s expansion, particularly in key sectors such as technology and retail. The robust consumption trends and strong bookings, including significant contracts with major customers, further reinforce the positive outlook. Snowflake’s strategic increase in sales and marketing headcount also positions it well to capitalize on growing demand. Overall, these factors suggest that Snowflake is poised for continued success, justifying the Buy rating.
In another report released today, Barclays also maintained a Buy rating on the stock with a $219.00 price target.