From Nasdaq: 2025-04-28 15:01:00

Snowflake (SNOW) shares have surged 32.9% in the last six months, outperforming the Computer and Technology sector’s decrease of 9.4% and the Internet Software industry’s decline of 0.6%. SNOW had 11,159 customers as of Jan. 31, 2025, with 45% of fiscal 2025 revenues coming from 745 Forbes Global 2000 clients.

Snowflake’s expanding portfolio includes products like Apache Iceberg and Hybrid tables, Polaris, Cortex Large Language Model, and ML functions, attracting new clients. In April 2025, Snowflake integrated core capabilities with Apache Iceberg tables, enhancing AI Data Cloud offerings. Over 4,000 customers are using Snowflake’s AI and ML technology weekly.

Snowflake’s strong partnerships with major players like Microsoft, Amazon, and NVIDIA have been key to its success, with collaborations driving AI-powered apps and enhanced AI data applications. Snowflake also received Department of Defense Impact Level 5 Provisional Authorization on AWS GovCloud US-West in April 2025.

For Q1 FY26, Snowflake expects product revenues between $955-$960 million, with a 30% increase in fiscal 2026 to $3.46 billion. Analysts estimate a 21.13% yoy revenue growth for Q1 FY26. SNOW stock trading at a premium with a forward 12-month Price/Sales of 11.2X compared to the industry’s 4.86X.

The Zacks Consensus Estimate for SNOW’s fiscal 2026 revenues is $4.44 billion, a 22.47% yoy growth. The consensus earnings estimate is $1.15 per share, reflecting a 38.55% yoy increase. Snowflake’s strong portfolio and partnerships support its premium valuation. SNOW stock is a Zacks Rank #2 (Buy) with a Growth Score of B, offering a strong investment opportunity.



Read more at Nasdaq: Can SNOW Stock Continue Its Rally After Gaining 33% in Six Months?