Snowflake Stock Scores a New Street-High Price Target After Beat & Raise Earnings

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VolkThu, Aug 28, 2025, 3:48 PM 3 min readSnowflake (SNOW) stock shot higher out of the gate this morning after its Q2 fiscal 2026 earnings results, which showed revenue growing 32% year-over-year to $1.14 billion and adjusted earnings per share of $0.35 - significantly surpassing analyst estimates of $0.27. Product revenue, the core of Snowflake's business, reached $1.09 billion, up 32% year-over-year and exceeding expectations by approximately $51 million.The software company's strategic focus on artificial intelligence (AI) integration has proven highly successful, with over 6,100 customer accounts actively using Snowflake's AI capabilities weekly, and AI now influencing nearly 50% of new customer acquisitions.Dear Broadcom Stock Fans, Mark Your Calendars for September 4CEO Alex Karp Just Sold $60 Million in Palantir Stock. Should You Ditch PLTR Here Too?After a 222% Surge, Is SoFi Stock Headed Even Higher?Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else.In response to these strong results, Snowflake raised its fiscal 2026 product revenue guidance to $4.40 billion, representing 27% year-over-year growth, up from its previous forecast of $4.33 billion. The market has reacted to the beat-and-raise quarter by sending SNOW stock to a new 52-week high of $233.34, with the shares up by 18.7% this morning.The stock has now gapped above its 21-day exponential moving average (EMA) and its 50-day simple moving average, with the 14-day Relative Strength Index (RSI) moving into overbought territory. Short-term traders should keep an eye on the Average Directional Index (ADX) as a check on trend strength.www.barchart.comSnowflake’s cloud-agnostic platform enables organizations to host and manage AI models from various cloud providers in a centralized environment, positioning it strategically within the AI infrastructure stack.The company's high-profile partnerships with major cloud providers like Amazon (AMZN) AWS, Microsoft (MSFT) Azure, and Google (GOOG) (GOOGL) Cloud have helped expand its market reach and capabilities, while its focus on security and compliance features has resonated well with regulated industries. SNOW’s partnership with Microsoft Azure has shown particularly strong momentum, with Azure business rising 40% year-over-year in Q2, led by the EMEA region.The Sales Cloud segment showed improving profitability metrics, with annual recurring revenue (ARR) now accounting for 62.9% of that segment's revenue, while Service Cloud delivered exceptional performance with 71.7% year-over-year revenue growth to $26.6 million. Snowflake maintained a healthy net revenue retention rate of 125% while expanding its customer base to include 654 customers, with trailing 12-month product revenue exceeding $1 million - representing a 30% increase from the previous year.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,460.26 -41.60 (-0.64%)Dow 3045,544.88 -92.02 (-0.20%)Nasdaq21,455.55 -249.61 (-1.15%)Russell 20002,366.42 -11.99 (-0.50%)VIX15.36 +0.93 (+6.44%)Gold3,516.10 +41.80 (+1.20%)PortfolioSign in to access your portfolioSign inTop gainersAMBA Ambarella, Inc. 82.48 +11.85 (+16.78%)IREN IREN Limited 26.48 +3.44 (+14.93%)BABA Alibaba Group Holding Limited 135.00 +15.43 (+12.90%)AFRM Affirm Holdings, Inc. 88.46 +8.47 (+10.59%)DOOO BRP Inc. 62.98 +5.49 (+9.55%)Top losersMRVL Marvell Technology, Inc. 62.87 -14.37 (-18.60%)CHA Chagee Holdings Limited 19.11 -2.89 (-13.14%)RMBS Rambus Inc. 73.77 -7.32 (-9.03%)DELL Dell Technologies Inc. 122.15 -11.90 (-8.88%)BLSH Bullish 59.03 -5.40 (-8.38%)Most activeWBA Walgreens Boots Alliance, Inc. 11.98 0.00 (0.00%)OPEN Opendoor Technologies Inc. 4.4500 +0.1800 (+4.22%)NVDA NVIDIA Corporation 174.18 -5.94 (-3.30%)LCID Lucid Group, Inc. 1.9800 -0.0900 (-4.35%)MRVL Marvell Technology, Inc. 62.87 -14.37 (-18.60%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBABA Alibaba Group Holding Limited 135.00 +15.43 (+12.90%)ORCL Oracle Corporation 226.13 -14.19 (-5.90%)BTC-USD Bitcoin USD 108,377.40 -3,812.25 (-3.40%)GOOG Alphabet Inc. 213.53 +1.16 (+0.55%)FLYY Spirit Aviation Holdings, Inc. 1.2200 -0.0300 (-2.40%)Top economic events