Snowflake (NYSE:SNOW) is all set to report its fiscal second-quarter 2027 earnings on Wednesday, September 2. The stock has a history of exceeding Wall Street expectations, and investors also seem positively hyped around the data and ******* ytics software segment this time around.
On August 31, Cantor Fitzgerald ******* yst Thomas Blakey raised the price target on Snowflake Inc. (NYSE: SNOW) to $405.00 (from $282.00) while maintaining an Overweight rating. The firm believes Snowflake will experience another beat this quarter, and while this may sound bullish, it isn't really so when the beat is likely to be narrower than last quarter.
Image by drobotdean on Freepik
Snowflake had a strong start for fiscal 2027, with product revenue up 34% year-over-year (YoY) to $1.3 billion, while net revenue retention (or NRR) reached 126% as of Q1. Artificial Intelligence was a big part of SNOW's revenue, helping push product revenue up 34% year-over-year.
Snowflake's AI capabilities were being used by more than 13,600 accounts, while Cortex Code was being used by around 7100 accounts. Snowflake's CoCo, or Cortex Code, is the company's AI coding agent for data teams. The tool launched back in November 2025 and has since added more than 4,000 users.
#snowflake
On August 31, Cantor Fitzgerald ******* yst Thomas Blakey raised the price target on Snowflake Inc. (NYSE: SNOW) to $405.00 (from $282.00) while maintaining an Overweight rating. The firm believes Snowflake will experience another beat this quarter, and while this may sound bullish, it isn't really so when the beat is likely to be narrower than last quarter.
Image by drobotdean on Freepik
Snowflake had a strong start for fiscal 2027, with product revenue up 34% year-over-year (YoY) to $1.3 billion, while net revenue retention (or NRR) reached 126% as of Q1. Artificial Intelligence was a big part of SNOW's revenue, helping push product revenue up 34% year-over-year.
Snowflake's AI capabilities were being used by more than 13,600 accounts, while Cortex Code was being used by around 7100 accounts. Snowflake's CoCo, or Cortex Code, is the company's AI coding agent for data teams. The tool launched back in November 2025 and has since added more than 4,000 users.
#snowflake
15 days ago
