Snowflake: UBS raises price target to $285 from $250, maintains Buy rating.

Snowflake: UBS raises price target to $285 from $250, maintains Buy rating.

Swiss investment banking giant UBS has revised its price target for Snowflake Inc. (SNOW) upward to $285, maintaining a "Buy" rating. This update comes after Snowflake's strong earnings report, which showcased robust growth and a resilient financial position.

Snowflake, a leading cloud-based data warehousing company, reported a significant increase in revenue and earnings per share (EPS) for the latest quarter. The company's revenue grew by 135% year-over-year, reaching $367.6 million, while EPS improved to $0.09, surpassing the consensus estimate of $0.07 [1]. These impressive financial results underscore Snowflake's strong market position and growth potential.

UBS's updated price target reflects the firm's bullish outlook on Snowflake's future prospects. The investment bank believes that the company's strategic initiatives, such as its focus on cloud-based solutions and partnerships with major technology companies, will drive long-term growth. Additionally, Snowflake's strong cash flow and minimal debt provide a solid financial foundation for continued investment in its business [2].

Despite the recent price target increase, UBS advises investors to closely monitor Snowflake's progress as it navigates the competitive cloud computing market. The company's ability to maintain its growth trajectory and adapt to market changes will be crucial for its long-term success.

Investors should continue to monitor Snowflake's financial performance and analyst ratings to make informed decisions. The company's strong earnings and UBS's optimistic outlook suggest that Snowflake remains an attractive investment opportunity.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-snowflake-inc-snow-2025-07-02/
[2] https://www.ainvest.com/news/ubs-raises-pt-42-maintains-buy-rating-banking-giant-2508/