Movement Alert｜Snowflake Rises 3.06% in Regular Trading, Multiple Investment Banks Raise Target Prices Ahead of Earnings

Market Focus

Aug 27

On August 27, Snowflake rose 3.06% in regular trading, trading at $325.8 per share, with turnover of $114 million. The rally follows a wave of target price upgrades from major Wall Street firms ahead of the company's fiscal Q2 earnings report scheduled for September 2.

Citi raised its target price on Snowflake to $395 on August 27. Within the prior week, UBS ($425), Bank of America ($395), Jefferies ($385), Truist ($375), and TD Cowen ($370) all lifted their price targets while maintaining buy ratings. The bullish consensus centers on two key drivers: broader software sector valuation expansion as concerns over AI disruption ease, and accelerating adoption of Snowflake's AI products, particularly the CoCo coding agent and Snowflake Intelligence. Oppenheimer estimates Q2 product revenue at approximately $1.47 billion, 3%-4% above market consensus, representing over 34% year-over-year growth. Market expectations for Q2 call for total revenue of approximately $1.48 billion, up 36.2% year over year, with adjusted EPS of $0.45.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The rally follows a wave of target price upgrades from major Wall Street firms ahead of the company's fiscal Q2 earnings report scheduled for September 2.</p><p>Citi raised its target price on Snowflake to $395 on August 27. Within the prior week, UBS ($425), Bank of America ($395), Jefferies ($385), Truist ($375), and TD Cowen ($370) all lifted their price targets while maintaining buy ratings. The bullish consensus centers on two key drivers: broader software sector valuation expansion as concerns over AI disruption ease, and accelerating adoption of Snowflake's AI products, particularly the CoCo coding agent and Snowflake Intelligence. Oppenheimer estimates Q2 product revenue at approximately $1.47 billion, 3%-4% above market consensus, representing over 34% year-over-year growth. Market expectations for Q2 call for total revenue of approximately $1.48 billion, up 36.2% year over year, with adjusted EPS of $0.45.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. 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