Snowflake Stock Surges 3.15% with $19.80 Billion Trading Volume Ranking 28th in Market Activity

On May 27, 2025, Snowflake (SNOW) experienced a 3.15% increase in its stock price, with a trading volume of $19.80 billion, ranking 28th in the day's market activity.

Snowflake has recently announced a three-year partnership with LA28 Games and Team USA for data collaboration. This strategic move is expected to enhance Snowflake's data analytics capabilities and expand its market reach.

Following the release of its first-quarter fiscal 2026 results on May 21, Snowflake's shares have seen a significant increase, driven by strong adoption and positive market sentiment. The company's earnings call highlighted a bright future in the artificial intelligence (AI) cloud, although some analysts have expressed concerns about the sustainability of its revenue growth.

Analysts from BTIG and Oppenheimer have both raised their price targets for Snowflake, with BTIG increasing its target from $220 to $235 and Oppenheimer lifting its target from $210 to $225. Both firms maintain a positive outlook on the stock, citing strong fundamentals and growth potential.

Snowflake is expected to post earnings of $0.25 per share for the current quarter, representing a year-over-year change of +38.9%. This positive earnings outlook, combined with the company's strategic partnerships and strong market position, has contributed to the recent surge in its stock price.