Analyst Consensus ?
ConsensusBuy53 ratings
Bullish4381.1%
Neutral917.0%
Bearish11.9%
Snowflake Inc. · SNOW · FY2026 Q2 · Calendar Q3 2025
Snowflake pairs stronger growth with expanding AI execution risks
The latest analysis supports the view that resilient demand and earnings growth can strengthen Snowflake’s next-year trajectory: product revenue growth accelerated, net revenue retention improved, AI adoption broadened and guidance was raised. The countercase is that the durability of AI-related consumption, competitive intensity and execution across new products and acquisitions remain unproven.
Reported After market closeNYSETechnology
$127.86B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.35
Consensus $0.27
EPS surprise
+31.1%
Reported versus consensus
Reported revenue
$1.14B
Consensus $1.09B
Revenue surprise
+5.2%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+20.3%
Event window
SPY move
+0.4%
Same window
Abnormal move
+19.9%
Stock minus SPY
Volume
8.3×
Versus trailing sessions
Subsequent drift
-6.8%
Up to 20 sessions
SNOWSPY benchmark
Ask FN2 about SNOW FY2026 Q2
Transcript, numbers and history already loaded
Why did SNOW rise 20.3% after beating EPS estimates in FY2026 Q2?What changed in SNOW's guidance and outlook in FY2026 Q2?Give me the bull and bear case for SNOW after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the current call showed faster product revenue growth, higher net revenue retention, broader AI deployment and additional platform expansion through Snowflake Postgres and OpenFlow. Guidance was raised again, while analyst concerns shifted toward the durability of AI-driven consumption, second-half visibility and integration progress.
Guidance delta
Management raised FY2026 product revenue guidance and increased Q3 guidance, extending the prior quarter’s positive guidance trend.
Key takeaways
- Product revenue growth accelerated versus the prior-quarter analysis, with core analytics and AI-related offerings both contributing.
- Net revenue retention improved to 125%, while AI adoption and Azure usage were highlighted as important growth signals.
- Management raised FY2026 product revenue guidance and increased Q3 guidance.
- The product roadmap expanded through Snowflake Intelligence, Cortex AI, Gen2 Warehouse, OpenFlow and planned Snowflake Postgres.
- The key debate is whether AI-driven consumption remains durable and whether rapid product and acquisition integration can be executed well.
Management priorities
- Expand enterprise AI adoption across the data lifecycle.
- Scale Snowflake Intelligence, Cortex AI and other AI-driven capabilities.
- Broaden workloads through Snowpark Connect, Spark integration and Snowflake Postgres.
- Grow strategic cloud partnerships, especially Azure, while expanding internationally.
- Continue product rollout and go-to-market scaling.
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Analyst 52W Price Targets
$368.89Current
$121Low
$309.54Average
$525High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Macquarie | Neutral | Neutral | Maintain | Sep 4, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Sep 4, 2026 |
| Argus Research | Buy | Buy | Maintain | Sep 4, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Sep 3, 2026 |
| UBS | Buy | Buy | Maintain | Sep 3, 2026 |
| Truist Securities | Buy | Buy | Maintain | Sep 3, 2026 |
| TD Cowen | Buy | Buy | Maintain | Sep 3, 2026 |
| StoneX | Buy | Buy | Maintain | Sep 3, 2026 |
| Stifel | Buy | Buy | Maintain | Sep 3, 2026 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Sep 3, 2026 |
| Rosenblatt | Buy | Buy | Maintain | Sep 3, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Sep 3, 2026 |
| Raymond James | Outperform | Outperform | Maintain | Sep 3, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Sep 3, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Sep 3, 2026 |
| Needham | Buy | Buy | Maintain | Sep 3, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Sep 3, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Sep 3, 2026 |
| Jefferies | Buy | Buy | Maintain | Sep 3, 2026 |
| Guggenheim | Neutral | Neutral | Maintain | Sep 3, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Sep 3, 2026 |
| DA Davidson | Buy | Buy | Maintain | Sep 3, 2026 |
| Citizens | Market Outperform | Market Outperform | Maintain | Sep 3, 2026 |
| Citigroup | Buy | Buy | Maintain | Sep 3, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Sep 3, 2026 |
| Canaccord Genuity | Buy | Buy | Maintain | Sep 3, 2026 |
| BTIG | Buy | Buy | Maintain | Sep 3, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Sep 3, 2026 |
| Benchmark | Buy | Buy | Maintain | Aug 25, 2026 |
| Baird | Outperform | Outperform | Maintain | Aug 25, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Aug 19, 2026 |
| B of A Securities | Buy | Buy | Maintain | Aug 19, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Jul 16, 2026 |
| Loop Capital | Buy | Buy | Maintain | Jun 3, 2026 |
| HSBC | Buy | Hold | Upgrade | May 29, 2026 |
| Wedbush | Outperform | Outperform | Maintain | May 28, 2026 |
| Bernstein | Market Perform | Market Perform | Maintain | May 28, 2026 |
| Freedom Broker | Buy | Buy | Maintain | Dec 16, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | Dec 4, 2025 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | Oct 28, 2025 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Feb 18, 2025 |
| Monness, Crespi, Hardt | Buy | Neutral | Upgrade | Nov 6, 2024 |
| Cleveland Research | Neutral | Buy | Downgrade | Oct 22, 2024 |
| Redburn Atlantic | Sell | Neutral | Downgrade | Mar 19, 2024 |
| Capital One | Overweight | Equal Weight | Upgrade | Nov 8, 2023 |
| Exane BNP Paribas | Neutral | Underperform | Upgrade | Jul 19, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Dec 5, 2022 |
| MoffettNathanson | Buy | Buy | Maintain | Sep 22, 2022 |
| Cowen & Co. | Outperform | Outperform | Maintain | Aug 25, 2022 |
| Redburn Partners | Neutral | Neutral | Maintain | Jun 29, 2022 |
| SMBC Nikko | Neutral | Neutral | Maintain | Apr 1, 2022 |
| Atlantic Equities | Neutral | Neutral | Maintain | Mar 31, 2022 |
| William Blair | Outperform | Market Perform | Upgrade | Jan 18, 2022 |
Named analyst price targets
Upside is calculated against the persisted current price $368.89. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Argus Research | Joseph Bonner | $450 | $347.4 | +22.0% | Sep 4, 2026 |
| Goldman Sachs | Analyst unavailable | $436 | $356.47 | +18.2% | Sep 3, 2026 |
| Truist Financial | Analyst unavailable | $425 | $370.96 | +15.2% | Sep 3, 2026 |
| RBC Capital | Analyst unavailable | $440 | $374.72 | +19.3% | Sep 3, 2026 |
| D.A. Davidson | Gil Luria | $450 | $372.06 | +22.0% | Sep 3, 2026 |
| Scotiabank | Analyst unavailable | $440 | $372.22 | +19.3% | Sep 3, 2026 |
| Evercore ISI | Analyst unavailable | $430 | $376.62 | +16.6% | Sep 3, 2026 |
| Truist Financial | Analyst unavailable | $450 | $370.65 | +22.0% | Sep 3, 2026 |
| Oppenheimer | Ittai Kidron | $475 | $305.84 | +28.8% | Sep 3, 2026 |
| BTIG | Analyst unavailable | $424 | $305.84 | +14.9% | Sep 3, 2026 |
| Canaccord Genuity | Kingsley Crane | $450 | $305.84 | +22.0% | Sep 3, 2026 |
| Robert W. Baird | William Power | $450 | $305.84 | +22.0% | Sep 3, 2026 |
| Mizuho Securities | Gregg Moskowitz | $425 | $305.84 | +15.2% | Sep 3, 2026 |
| Piper Sandler | Analyst unavailable | $450 | $305.84 | +22.0% | Sep 3, 2026 |
| Cantor Fitzgerald | Thomas Blakey | $430 | $305.84 | +16.6% | Sep 3, 2026 |
| Wells Fargo | Analyst unavailable | $525 | $305.84 | +42.3% | Sep 3, 2026 |
| Stifel Nicolaus | Analyst unavailable | $450 | $305.84 | +22.0% | Sep 3, 2026 |
| Needham | Mike Cikos | $450 | $305.84 | +22.0% | Sep 3, 2026 |
| Morgan Stanley | Sanjit Singh | $470 | $305.84 | +27.4% | Sep 3, 2026 |
| Barclays | Analyst unavailable | $384 | $305.84 | +4.1% | Sep 3, 2026 |
| Raymond James | Simon Leopold | $425 | $305.84 | +15.2% | Sep 3, 2026 |
| Jefferies | Analyst unavailable | $488 | $305.84 | +32.3% | Sep 3, 2026 |
| Deutsche Bank | Brad Zelnick | $400 | $305.84 | +8.4% | Sep 3, 2026 |
| Jefferies | Brent Thill | $430 | $305.84 | +16.6% | Sep 3, 2026 |
| Cantor Fitzgerald | Thomas Blakey | $405 | $326.07 | +9.8% | Aug 31, 2026 |
| Barclays | Analyst unavailable | $332 | $315.37 | -10.0% | Aug 27, 2026 |
| Truist Financial | Analyst unavailable | $360 | $318.66 | -2.4% | Aug 25, 2026 |
| Mizuho Securities | Analyst unavailable | $355 | $325.33 | -3.8% | Aug 19, 2026 |
| Morgan Stanley | Sanjit Singh | $300 | $325.33 | -18.7% | Aug 19, 2026 |
| Stifel Nicolaus | Brad Reback | $350 | $328.08 | -5.1% | Aug 18, 2026 |
| UBS | Analyst unavailable | $425 | $330.11 | +15.2% | Aug 18, 2026 |
| Jefferies | Analyst unavailable | $385 | $328.92 | +4.4% | Aug 16, 2026 |
| RBC Capital | Matthew Hedberg | $372 | $337.38 | +0.8% | Aug 14, 2026 |
| Evercore ISI | Kirk Materne | $360 | $332.47 | -2.4% | Aug 10, 2026 |
| BTIG | Gray Powell | $340 | $293.28 | -7.8% | Aug 3, 2026 |
| Jefferies | Brent Thill | $310 | $274.34 | -16.0% | Jul 20, 2026 |
| KeyBanc | Eric Heath | $325 | $271.87 | -11.9% | Jul 16, 2026 |
| Scotiabank | Patrick Colville | $320 | $242.41 | -13.3% | Jun 8, 2026 |
| Barclays | Raimo Lenschow | $285 | $241.28 | -22.7% | Jun 4, 2026 |
| Loop Capital Markets | Mark Schappel | $320 | $261.14 | -13.3% | Jun 3, 2026 |
| UBS | Analyst unavailable | $320 | $261.14 | -13.3% | Jun 3, 2026 |
| UBS | Karl Keirstead | $370 | $261.14 | +0.3% | Jun 3, 2026 |
| Needham | Mike Cikos | $330 | $261.14 | -10.5% | Jun 3, 2026 |
| BTIG | Gray Powell | $325 | $261.14 | -11.9% | Jun 3, 2026 |
| HSBC | Analyst unavailable | $289 | $239.2 | -21.7% | May 29, 2026 |
| Monness | Brian White | $320 | $242.06 | -13.3% | May 28, 2026 |
| Piper Sandler | Analyst unavailable | $300 | $235.59 | -18.7% | May 28, 2026 |
| Truist Financial | Miller Jump | $275 | $235.69 | -25.5% | May 28, 2026 |
| Piper Sandler | Analyst unavailable | $295 | $238.3 | -20.0% | May 28, 2026 |
| UBS | Analyst unavailable | $325 | $239.89 | -11.9% | May 28, 2026 |
| KeyBanc | Analyst unavailable | $295 | $235.74 | -20.0% | May 28, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $282 | $175.26 | -23.6% | May 28, 2026 |
| Scotiabank | Patrick Colville | $285 | $238.54 | -22.7% | May 28, 2026 |
| Stifel Nicolaus | Brad Reback | $300 | $175.26 | -18.7% | May 28, 2026 |
| Canaccord Genuity | Kingsley Crane | $325 | $175.26 | -11.9% | May 28, 2026 |
| Bernstein | Analyst unavailable | $250 | $175.26 | -32.2% | May 28, 2026 |
| Needham | Mike Cikos | $300 | $175.26 | -18.7% | May 28, 2026 |
| Barclays | Raimo Lenschow | $272 | $175.26 | -26.3% | May 28, 2026 |
| Raymond James | Simon Leopold | $275 | $175.26 | -25.5% | May 28, 2026 |
| BTIG | Gray Powell | $280 | $175.26 | -24.1% | May 28, 2026 |
| RBC Capital | Matthew Hedberg | $284 | $175.26 | -23.0% | May 28, 2026 |
| Mizuho Securities | Gregg Moskowitz | $295 | $175.26 | -20.0% | May 28, 2026 |
| Goldman Sachs | Gabriela Borges | $278 | $175.26 | -24.6% | May 28, 2026 |
| Cantor Fitzgerald | Thomas Blakey | $225 | $172.2 | -39.0% | May 26, 2026 |
| UBS | Analyst unavailable | $210 | $150.44 | -43.1% | Apr 21, 2026 |
| Truist Financial | Analyst unavailable | $125 | $141.36 | -66.1% | Apr 15, 2026 |
| Evercore ISI | Analyst unavailable | $200 | $134.24 | -45.8% | Apr 14, 2026 |
| Macquarie | Steve Koenig | $177 | $173.06 | -52.0% | Feb 26, 2026 |
| Stifel Nicolaus | Brad Reback | $205 | $170.23 | -44.4% | Feb 26, 2026 |
| Scotiabank | Patrick Colville | $205 | $170.4 | -44.4% | Feb 26, 2026 |
| Needham | Mike Cikos | $200 | $169.21 | -45.8% | Feb 26, 2026 |
| Wells Fargo | Ryan MacWilliams | $210 | $169.21 | -43.1% | Feb 26, 2026 |
| Cantor Fitzgerald | Thomas Blakey | $250 | $156.38 | -32.2% | Feb 23, 2026 |
| BTIG | Analyst unavailable | $235 | $172.5 | -36.3% | Feb 23, 2026 |
| Stifel Nicolaus | Brad Reback | $225 | $172.5 | -39.0% | Feb 23, 2026 |
| Morgan Stanley | Analyst unavailable | $270 | $176.08 | -26.8% | Feb 19, 2026 |
| KeyBanc | Analyst unavailable | $235 | $176.08 | -36.3% | Feb 19, 2026 |
| Oppenheimer | Analyst unavailable | $250 | $177.1 | -32.2% | Feb 18, 2026 |
| Mizuho Securities | Analyst unavailable | $220 | $182.29 | -40.4% | Feb 17, 2026 |
| RBC Capital | Analyst unavailable | $245 | $182.58 | -33.6% | Feb 11, 2026 |
| Goldman Sachs | Analyst unavailable | $246 | $182.58 | -33.3% | Feb 11, 2026 |
| Barclays | Analyst unavailable | $250 | $219.09 | -32.2% | Jan 12, 2026 |
| Goldman Sachs | Analyst unavailable | $286 | $219.09 | -22.5% | Jan 12, 2026 |
| Raymond James | Analyst unavailable | $250 | $215.46 | -32.2% | Dec 15, 2025 |
| Cantor Fitzgerald | Analyst unavailable | $278 | $265 | -24.6% | Dec 4, 2025 |
| Bernstein | Analyst unavailable | $237 | $265 | -35.8% | Dec 4, 2025 |
| Robert W. Baird | Analyst unavailable | $270 | $265 | -26.8% | Dec 4, 2025 |
| Morgan Stanley | Analyst unavailable | $299 | $265 | -18.9% | Dec 4, 2025 |
| Scotiabank | Patrick Colville | $290 | $265 | -21.4% | Dec 4, 2025 |
| Stifel Nicolaus | Analyst unavailable | $280 | $265 | -24.1% | Dec 4, 2025 |
| Canaccord Genuity | Analyst unavailable | $270 | $265 | -26.8% | Dec 4, 2025 |
| KeyBanc | Analyst unavailable | $285 | $265 | -22.7% | Dec 4, 2025 |
| Wells Fargo | Analyst unavailable | $290 | $265 | -21.4% | Dec 4, 2025 |
| Rosenblatt Securities | Blair Abernethy | $275 | $250.24 | -25.5% | Dec 1, 2025 |
| D.A. Davidson | Gil Luria | $300 | $250.94 | -18.7% | Dec 1, 2025 |
| Jefferies | Analyst unavailable | $300 | $234.03 | -18.7% | Nov 24, 2025 |
| JMP Securities | Patrick Walravens | $325 | $268.09 | -11.9% | Oct 28, 2025 |
| Oppenheimer | Ittai Kidron | $295 | $239.21 | -20.0% | Oct 17, 2025 |
| UBS | Analyst unavailable | $310 | $246.25 | -16.0% | Oct 8, 2025 |
| Scotiabank | Analyst unavailable | $280 | $234.8 | -24.1% | Aug 28, 2025 |
| Needham | Analyst unavailable | $280 | $234.84 | -24.1% | Aug 28, 2025 |
| Truist Financial | Analyst unavailable | $270 | $234.77 | -26.8% | Aug 28, 2025 |
| UBS | Karl Keirstead | $285 | $235.72 | -22.7% | Aug 28, 2025 |
| BTIG | Analyst unavailable | $276 | $241 | -25.2% | Aug 28, 2025 |
| Raymond James | Analyst unavailable | $230 | $241 | -37.7% | Aug 28, 2025 |
| Morgan Stanley | Sanjit Singh | $272 | $236.14 | -26.3% | Aug 28, 2025 |
| Piper Sandler | Brent Bracelin | $285 | $234.96 | -22.7% | Aug 28, 2025 |
| Bernstein | Mark Moerdler | $221 | $237.08 | -40.1% | Aug 28, 2025 |
| Jefferies | Brent Thill | $270 | $237.26 | -26.8% | Aug 28, 2025 |
| D.A. Davidson | Analyst unavailable | $250 | $194.68 | -32.2% | Aug 25, 2025 |
| RBC Capital | Matthew Hedberg | $236 | $203.18 | -36.0% | May 22, 2025 |
| Mizuho Securities | Gregg Moskowitz | $215 | $203.18 | -41.7% | May 22, 2025 |
| Loop Capital Markets | Mark Schappel | $220 | $203.18 | -40.4% | May 22, 2025 |
| JMP Securities | Patrick Walravens | $245 | $203.18 | -33.6% | May 22, 2025 |
| JMP Securities | Patrick Walravens | $201 | $182.63 | -45.5% | May 21, 2025 |
| Goldman Sachs | Kash Rangan | $205 | $182.51 | -44.4% | May 19, 2025 |
| Cantor Fitzgerald | Thomas Blakey | $183 | $153.91 | -50.4% | Apr 2, 2025 |
| Daiwa | Shigemichi Yoshizu | $210 | $153.91 | -43.1% | Apr 2, 2025 |
| Wedbush | Daniel Ives | $210 | $173.53 | -43.1% | Jan 22, 2025 |
| Wedbush | Daniel Ives | $190 | $167.44 | -48.5% | Nov 25, 2024 |
| Monness | Brian White | $140 | $117.01 | -62.0% | Nov 6, 2024 |
| Rosenblatt Securities | Blair Abernethy | $180 | $113.26 | -51.2% | Sep 24, 2024 |
| HSBC | Stephen Bersey | $121 | $115.21 | -67.2% | Aug 23, 2024 |
| Wells Fargo | Michael Turrin | $125 | $135.06 | -66.1% | Aug 22, 2024 |
| JMP Securities | Patrick Walravens | $190 | $135.06 | -48.5% | Aug 22, 2024 |
| Loop Capital Markets | Mark Schappel | $185 | $131.92 | -49.8% | Aug 21, 2024 |
| Citigroup | Tyler Radke | $200 | $131.42 | -45.8% | Aug 20, 2024 |
| Evercore ISI | Kirk Materne | $170 | $128.04 | -53.9% | Aug 19, 2024 |
| Stifel Nicolaus | Brad Reback | $168 | $128.04 | -54.5% | Aug 19, 2024 |
| Barclays | Raimo Lenschow | $146 | $128.04 | -60.4% | Aug 19, 2024 |
| Bank of America Securities | Brad Sills | $160 | $127.05 | -56.6% | Aug 16, 2024 |
| Wells Fargo | Michael Turrin | $200 | $126.62 | -45.8% | Jun 21, 2024 |
| UBS | Karl Keirstead | $171 | $130.33 | -53.6% | Jun 13, 2024 |
| Jefferies | Brent Thill | $160 | $131.21 | -56.6% | Jun 7, 2024 |
| KeyBanc | Eric Heath | $168 | $132.93 | -54.5% | Jun 6, 2024 |
| RBC Capital | Matt Hedgberg | $183 | $137 | -50.4% | Jun 5, 2024 |
| Barclays | Raimo Lenschow | $191 | $137 | -48.2% | Jun 5, 2024 |
| Deutsche Bank | Brad Zelnick | $220 | $141.08 | -40.4% | May 30, 2024 |
| Macquarie | Frederick Havemeyer | $200 | $158.01 | -45.8% | May 24, 2024 |
| Truist Financial | Joel Fishbein | $210 | $153.28 | -43.1% | May 23, 2024 |
| Scotiabank | Patrick Colville | $195 | $157.28 | -47.1% | May 23, 2024 |
| Stifel Nicolaus | Brad Reback | $200 | $155.49 | -45.8% | May 23, 2024 |
| Bernstein | Mark Moerdler | $185 | $163.34 | -49.8% | May 23, 2024 |
| Loop Capital Markets | Mark Schappel | $225 | $157.18 | -39.0% | May 23, 2024 |
| Needham | Mike Cikos | $210 | $155.93 | -43.1% | May 23, 2024 |
| Rosenblatt Securities | Blair Abernethy | $195 | $156.41 | -47.1% | May 23, 2024 |
| Robert W. Baird | William Power | $200 | $156.63 | -45.8% | May 23, 2024 |
| Goldman Sachs | Kash Rangan | $220 | $163.34 | -40.4% | May 23, 2024 |
| UBS | Karl Keirstead | $190 | $163.34 | -48.5% | May 23, 2024 |
| Evercore ISI | Kirk Materne | $225 | $163.34 | -39.0% | May 23, 2024 |
| KeyBanc | Eric Heath | $200 | $156.92 | -45.8% | May 23, 2024 |
| RBC Capital | Matt Hedgberg | $220 | $161.86 | -40.4% | May 20, 2024 |
| Wells Fargo | Michael Turrin | $225 | $164.78 | -39.0% | May 20, 2024 |
| BNP Paribas | Stefan Slowinski | $200 | $156.14 | -45.8% | May 2, 2024 |
| KeyBanc | Eric Heath | $185 | $152.97 | -49.8% | Apr 11, 2024 |
| Jefferies | Brent Thill | $210 | $158.02 | -43.1% | Mar 27, 2024 |
| Canaccord Genuity | Kingsley Crane | $230 | $188.58 | -37.7% | Feb 29, 2024 |
| Piper Sandler | Brent Bracelin | $250 | $231.11 | -32.2% | Feb 28, 2024 |
| Needham | Mike Cikos | $265 | $234.03 | -28.2% | Feb 27, 2024 |
| New Street | Mark R Murphy | $200 | $223.29 | -45.8% | Feb 22, 2024 |
| Oppenheimer | Ittai Kidron | $240 | $185.58 | -34.9% | Nov 30, 2023 |
| Goldman Sachs | Kash Rangan | $210 | $146.98 | -43.1% | Aug 24, 2023 |
| Barclays | Raimo Lenschow | $190 | $152.82 | -48.5% | Aug 22, 2023 |
| Bernstein | Bernstein Ratings | $125 | $175.98 | -66.1% | Jul 3, 2023 |
| Needham | Mike Cikos | $216 | $176.64 | -41.4% | Jun 21, 2023 |
| Oppenheimer | Ittai Kidron | $190 | $147.67 | -48.5% | May 25, 2023 |
| Rosenblatt Securities | Blair Abernethy | $185 | $149.55 | -49.8% | May 25, 2023 |
| Stifel Nicolaus | Brad Reback | $185 | $175.16 | -49.8% | May 24, 2023 |
| Piper Sandler | Brent Bracelin | $194 | $132.32 | -47.4% | Mar 2, 2023 |
| Wells Fargo | Michael Turrin | $170 | $125.22 | -53.9% | Jan 6, 2023 |
| Wedbush | Analyst unavailable | $144 | $149.2 | -61.0% | Dec 15, 2022 |
| Mizuho Securities | Gregg Moskowitz | $185 | $152.17 | -49.8% | Dec 1, 2022 |
| Raymond James | Simon Leopold | $165 | $148.98 | -55.3% | Dec 1, 2022 |
| Macquarie | Frederick Havemeyer | $173 | $159.5 | -53.1% | Nov 2, 2022 |
| Needham | Mike Cikos | $240 | $196.49 | -34.9% | Sep 16, 2022 |
| Morgan Stanley | Keith Weiss | $274 | $196.05 | -25.7% | Aug 25, 2022 |
| Raymond James | Simon Leopold | $197 | $159.49 | -46.6% | Aug 25, 2022 |
| Rosenblatt Securities | Blair Abernethy | $245 | $159.49 | -33.6% | Aug 25, 2022 |
| JMP Securities | Patrick Walravens | $215 | $159.49 | -41.7% | Aug 25, 2022 |
| Evercore ISI | Kirk Materne | $239 | $159.49 | -35.2% | Aug 25, 2022 |
| Guggenheim | John DiFucci | $125 | $150.82 | -66.1% | Aug 22, 2022 |
| Mizuho Securities | Gregg Moskowitz | $200 | $152.17 | -45.8% | Aug 19, 2022 |
| Redburn Partners | Alex Haissl | $125 | $159.68 | -66.1% | Jul 11, 2022 |
| Jefferies | Brent Thill | $200 | $148.15 | -45.8% | Jun 28, 2022 |
| J.P. Morgan | Mark Murphy | $165 | $127.36 | -55.3% | Jun 23, 2022 |
| Canaccord Genuity | Mark Murphy | $165 | $117.84 | -55.3% | Jun 15, 2022 |
| Canaccord Genuity | David Hynes | $185 | $113.87 | -49.8% | Jun 15, 2022 |
| Raymond James | Simon Leopold | $184 | $122.42 | -50.1% | Jun 11, 2022 |
| Morgan Stanley | Keith Weiss | $295 | $129.91 | -20.0% | May 31, 2022 |
| Piper Sandler | Brent Bracelin | $255 | $126.62 | -30.9% | May 26, 2022 |
| Barclays | Raimo Lenschow | $158 | $119.64 | -57.2% | May 26, 2022 |
| Atlantic Equities | Peter Sazel | $140 | $126.8 | -62.0% | May 26, 2022 |
| JMP Securities | Patrick Walravens | $180 | $126.8 | -51.2% | May 26, 2022 |
| Rosenblatt Securities | Blair Abernethy | $255 | $126.8 | -30.9% | May 26, 2022 |
| Truist Financial | Joel Fishbein | $200 | $126.8 | -45.8% | May 26, 2022 |
| J.P. Morgan | Mark Murphy | $200 | $126.8 | -45.8% | May 26, 2022 |
| Loop Capital Markets | Mark Schappel | $180 | $126.8 | -51.2% | May 26, 2022 |
| Citigroup | Tyler Radke | $175 | $126.8 | -52.6% | May 26, 2022 |
| Morgan Stanley | Keith Weiss | $322 | $141.49 | -12.7% | May 23, 2022 |
| Barclays | Raimo Lenschow | $218 | $141.49 | -40.9% | May 21, 2022 |
| Mizuho Securities | Gregg Moskowitz | $225 | $146.82 | -39.0% | May 20, 2022 |
| Truist Financial | Joel Fishbein | $300 | $158.36 | -18.7% | May 14, 2022 |
| Wolfe Research | Allan Verkhovski | $250 | $186.94 | -32.2% | Apr 25, 2022 |
| Atlantic Equities | Peter Sazel | $240 | $241.23 | -34.9% | Apr 4, 2022 |
| J.P. Morgan | Mark Murphy | $270 | $224.02 | -26.8% | Mar 3, 2022 |
| Cowen & Co. | Derrick Wood | $390 | $224.02 | +5.7% | Mar 3, 2022 |
| Citigroup | Tyler Radke | $310 | $224.02 | -16.0% | Mar 3, 2022 |
| Jefferies | Brent Thill | $230 | $224.02 | -37.7% | Mar 3, 2022 |
| Credit Suisse | Philip Winslow | $415 | $224.02 | +12.5% | Mar 3, 2022 |
| JMP Securities | Patrick Walravens | $385 | $224.02 | +4.4% | Mar 3, 2022 |
| Rosenblatt Securities | Blair Abernethy | $325 | $224.02 | -11.9% | Mar 3, 2022 |
| Deutsche Bank | Brad Zelnick | $300 | $264.69 | -18.7% | Mar 2, 2022 |
| BTIG | Gray Powell | $359 | $264.69 | -2.7% | Mar 2, 2022 |
| Piper Sandler | Brent Bracelin | $397 | $263.19 | +7.6% | Mar 1, 2022 |
| Goldman Sachs | Kash Rangan | $380 | $267.78 | +3.0% | Feb 22, 2022 |
| Morgan Stanley | Keith Weiss | $390 | $293.19 | +5.7% | Feb 7, 2022 |
| Loop Capital Markets | Mark Schappel | $370 | $263.43 | +0.3% | Jan 25, 2022 |
| Deutsche Bank | Brad Zelnick | $375 | $267.56 | +1.7% | Jan 23, 2022 |
| Barclays | Raimo Lenschow | $367 | $287.68 | -0.5% | Jan 18, 2022 |
| William Blair | Kamil Mielczarek | $330 | $287.68 | -10.5% | Jan 18, 2022 |
| Oppenheimer | Ittai Kidron | $400 | $360.28 | +8.4% | Dec 2, 2021 |
| FBN Securities | Shebly Seyrafi | $400 | $360.28 | +8.4% | Dec 2, 2021 |
| UBS | Karl Keirstead | $440 | $386.5 | +19.3% | Nov 12, 2021 |
| Wells Fargo | Andrew Nowinski | $275 | $245.15 | -25.5% | May 27, 2021 |
Track every rating change on SNOW the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationSnowflake Inc. delivers a cloud-centric data platform to customers across both the United States and international markets. The company's core offering, known as the Data Cloud, enables users to unify disparate data sources into a singular, reliable foundation. This unified data then facilitates the extraction of crucial business intelligence, the creation of innovative data-driven applications, and secure data sharing. This adaptable platform serves a wide array of organizations, encompassing various sizes and industries. Originating in 2012, the enterprise was initially recognized as Snowflake Computing, Inc., before officially rebranding to Snowflake Inc. in April 2019. Its principal operations are conducted from Bozeman, Montana.
Historical context
All SNOW earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| ACN Accenture plc | FY2026 Q4 · Calendar Q4 2026 | +3.5% | +15.8% | Accenture: AI demand supports strong Q4, while pricing and geopolitics remain risks |
| JBL Jabil Inc. | FY2026 Q4 · Calendar Q3 2026 | +8.1% | -10.0% | Jabil enters FY2027 with AI-led growth and capacity risks |
| MU Micron Technology, Inc. | FY2026 Q4 · Calendar Q3 2026 | +5.4% | +0.0% | Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead |
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-11T04:10:42.916672+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-11T04:10:42.913776+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-11. For educational purposes only; not investment advice.