Snowflake Raises Annual Revenue Outlook and Commits $6B to AWS as AI Demand Surges
Snowflake beat expectations as AI demand surged, boosting revenue, customers, and outlook while shares jumped 30% after hours.
/ 7 items
#SNOW↓
BofA Raises Snowflake Price Target to $205, Expects Strong Q1 Earnings
Bank of America raised its Snowflake target to $205, kept a Buy rating, and expects strong results.
Benchmark Sees Huge Upside in Snowflake, Microsoft & Cybersecurity Leaders
Benchmark initiates Buy coverage on Snowflake, Microsoft, Palo Alto Networks, ServiceNow, and CrowdStrike.
Snowflake Earnings: Solid Results, But Outlook Disappoints AI-Worried Investors
Snowflake reported 30% product revenue growth & strong bookings in Q4 FY2026, yet in-line Q1 guidance sparked 3% after-hours drop amid AI disruption fears in software.
Snowflake Eyes App Monitoring Startup Observe for $1B
Snowflake eyes $1B Observe acquisition to compete with Datadog and Splunk, but high consumption costs raise questions about viability.
Snowflake's Q4 Outlook Misses Expectations Despite Strong Q3 Results
Snowflake reports 29% product revenue growth but Q4 operating margin guidance falls short of analyst estimates, raising AI profitability concerns.