Snowflake falls despite upbeat FY27 revenue forecast

Snowflake

26/02/2026 09:38

** Snowflake SNOW.N falls ~1.5% to $166.72 premarket

** Cloud data analytics firm forecasts FY27 product revenue above Street estimates, as booming enterprise demand for AI tools drives clients to co's cloud-based data analytics platform

** Q4 revenue jumps 30% y/y to $1.23 bln vs analysts estimate of $1.18 bln

** Barclays says despite co's status as AI-winner within software, it has suffered in line with sector so far this year

** Barclays, at least five other brokerages slash PT post results

** Stock rated "buy" on average; median PT is $248, per data compiled by LSEG

** As of last close, SNOW down ~23% this year

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com))