Raymond James Raises Snowflake Price Target to $230, Maintains Outperform Rating After Beat-and-Raise Quarter

Raymond James analyst Simon Leopold raised the price target on Snowflake Inc. (NYSE:SNOW) to $230.00, maintaining an Outperform rating. The firm is bullish on the stock following a beat and raise quarter for fiscal year 2026, with revenue of $1.14 billion and adjusted EPS of $0.38. Snowflake has raised its full-year product revenue guidance to $4.395 billion, reflecting a 27% year-over-year growth.

Raymond James analyst Simon Leopold has raised the price target for Snowflake Inc. (NYSE:SNOW) to $230.00, maintaining an Outperform rating. The firm's bullish stance is driven by a strong fiscal year 2026, with the company reporting revenue of $1.14 billion and adjusted EPS of $0.38. Additionally, Snowflake has raised its full-year product revenue guidance to $4.395 billion, reflecting a 27% year-over-year growth [1].

According to MarketBeat, out of 44 analysts who have issued ratings for Snowflake in the last 12 months, the stock has a consensus rating of "Moderate Buy." The average price target is $255.53, with the highest target at $285.00 and the lowest at $190.00. This represents a forecasted upside of 7.06% from the current price of $238.69 [1].

References:
[1] https://www.marketbeat.com/stocks/NYSE/SNOW/forecast/