Snowflake jumps on strong AI-driven revenue outlook

Snowflake

28/08/2025 09:26

** Cloud analytics firm Snowflake's shares SNOW.N gain 14.4% to $229.3 premarket

** Co raises annual product revenue forecast to $4.40 bln from $4.33 bln, citing strong demand for data analytics services driven by rising AI spend

** Also lifts adjusted operating margin outlook to 9% from previous 8% forecast

** Barclays keeps "overweight" rating; raises PT to $255 from $219

    ** Says "pipeline & new product uptake support further strength in 2H that should continue to drive the story"

** At least seven brokerages raise PT on SNOW following the results

** Stock rated "buy" on avg by 51 analysts; median PT is $255, per data compiled by LSEG

** As of last close, SNOW up nearly 30% YTD

 (Reporting by Kanchana Chakravarty in Bengaluru)

 ((Kanchana.Chakravarty@thomsonreuters.com))