Bullish
Benchmark raises Snowflake's price target to $360 amid strong AI demand
Benchmark has increased its price target for Snowflake (SNOW) to $360, up from $290, citing robust demand in enterprise AI, cloud, and analytics workloads. The firm anticipates that Snowflake will surpass consensus expectations for product revenue growth of 30% year-over-year and an operating income margin of 12.5% in the upcoming fiscal second-quarter earnings report.
Key points
- Benchmark's price target raised to $360, up from $290, reflecting strong AI demand.
- Snowflake's upcoming fiscal second-quarter earnings report is anticipated to meet or exceed expectations.
Sources
AI-generated from public news sources. Not financial advice.
