Stock Track | Snowflake Soars 5.07% in Extended Trading on Strong Q1 Earnings, $6B AWS Deal and Analyst Upgrades

Stock Track

06/01

Snowflake's stock surged 5.07% in extended trading, continuing its positive momentum from recent sessions.

The move follows the company's better-than-expected first-quarter results, which showed adjusted earnings per share of $0.39 versus the $0.32 consensus and revenue of $1.39 billion compared to the expected $1.32 billion. Snowflake also raised its full-year product revenue guidance to $5.84 billion and announced a landmark five-year, $6 billion strategic procurement agreement with Amazon Web Services covering Graviton chips and AI GPUs.

Adding to the bullish sentiment, HSBC upgraded Snowflake from hold to buy and sharply raised its price target from $176 to $289, while Morgan Stanley lifted its target to $300, citing accelerating AI monetization. These analyst actions have reinforced confidence in Snowflake's AI-driven growth trajectory.

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These analyst actions have reinforced confidence in Snowflake's AI-driven growth trajectory.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNOW","symbol_name":"Snowflake","start_time":0,"source_url":"","article_id":"1112888263","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1112888263","pubTimestamp":1780273876,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Snowflake's stock surged 5.07% in extended trading, continuing its positive momentum from recent sessions.The move follows the company's better-than-expected first-quarter results, which showed...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SNOW":"Snowflake"},"translate_title":"股票追踪|Snowflake因强劲的第一季度盈利、6B美元的AWS交易和分析师升级而在盘后交易中飙升5.07%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNOW":1},"content_text":"Snowflake's stock surged 5.07% in extended trading, continuing its positive momentum from recent sessions.The move follows the company's better-than-expected first-quarter results, which showed adjusted earnings per share of $0.39 versus the $0.32 consensus and revenue of $1.39 billion compared to the expected $1.32 billion. 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