SNOW Maintained by Goldman Sachs -- Price Target Raised to $436

Morgan Stanley raised its price target for Snowflake (SNOW) to $470 from $300, citing strong quarterly results. The company reported $1.49B in product revenue, up 37% YoY, and raised its full-year outlook. SNOW stock is currently at $356 with a market cap of $106B. Analysts highlight AI-driven growth and operating discipline as key factors.

Snowflake (SNOW) reported Q2 2027 product revenue growth of 37% YoY to $1.49 billion, raising FY 2027 guidance to 36%. AI adoption drove customer growth, with CoCo and CoWork accounts increasing. Total revenue rose 35% to $1.55 billion. Jefferies raised its price target to $430, citing AI-driven growth. Short interest is 5.56% of float, and 103 hedge funds held long positions at Q2 2026's end. MongoDB (MDB) grew 30% YoY, lagging Snowflake's 35%.

Snowflake (SNOW) shares rose over 20% after Q2 FY2027 earnings beat expectations, driven by strong AI adoption, particularly its CoCo tool. The company raised its full-year revenue outlook to $6.07B. Analysts at Jefferies, Evercore ISI, J.P. Morgan, and Wells Fargo increased price targets, citing improving margins and long-term growth. SNOW has a consensus 'Strong Buy' rating with an average price target of $382.84, suggesting 10% upside.

Retail investors discussed five stocks: AVGO, LULU, DELL, SNOW, and GOOGL. AVGO reported strong Q3 earnings but missed revenue guidance. LULU missed Q2 estimates and cut full-year guidance. DELL beat Q2 estimates and raised full-year guidance. SNOW beat Q2 estimates and raised guidance. GOOGL gained after a court ruling and AI advancements.

Mizuho identified Snowflake as its top pick in the software largecap sector, citing 37% year-over-year revenue growth and strong AI product demand. The company raised its fiscal year 2027 product revenue growth outlook to 36% and received multiple price target increases from other firms. Mizuho maintains an Outperform rating and raised its price target to $425.

Snowflake (SNOW) fell 5% after a 17% earnings-driven surge, attributed to profit-taking. Datadog (DDOG) remained steady. SNOW reported Q2 FY2027 revenue of $1.55B, up 35.1% YoY, and raised FY27 product revenue guidance to $6.07B. Both stocks are up over 55% YTD. Broader market indices QQQ and SPY showed minimal changes.