Snowflake analysts are raising their price targets on the surging stock after Q1 results and AI growth.
Snowflake beat Q1 estimates with NRR at 126% and 13,600+ customers running AI/ML workloads — Snowflake Intelligence users doubled QoQ to 5,000+, driving a 37.5% single-day stock surge. AI is accelerating platform consolidation: data teams migrating to Snowflake cite AI workloads as primary trigger, directly challenging the Databricks share-shift narrative.
Snowflake (NYSE:SNOW) stock is surging higher Thursday after the company beat analyst estimates for first-quarter revenue and earnings per share on Wednesday. Here's what leading analysts are saying after the report.
The Snowflake Analysts
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Rosenblatt analyst Blair Abernethy maintained a Buy rating on Snowflake and raised the price target from $275 to $285.
DA Davidson analyst Gil Luria reiterated a Buy rating and raised the price target from $250 to $300.
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