Snowflake Is Back In The 'AI Winner' Camp: Analyst
Summary
Snowflake’s latest results and analyst coverage have pushed the company back into the AI winner conversation. Product revenue grew 34%, beating guidance and supporting the view that both core data warehousing and newer AI offerings are gaining traction. The analyst expects upcoming Investor Day updates to focus on margins, hiring, stock-based compensation, and disciplined spending. BNP Paribas also raised its growth forecast and price target, reflecting stronger expectations for Snowflake’s software and AI revenue streams.
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HealthTech
applications
Business Intelligence
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SaaS
Data Platform Software
Analytics Software
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Snowflake
$1B+