Key Takeaways:
- Evercore picks Snowflake (SNOW, Financial) as its top enterprise software stock amidst easing tariff concerns.
- Analysts predict an average price target for SNOW at $204.98, with significant growth potential.
- GuruFocus estimates SNOW's long-term value could offer an impressive 83.91% upside.
Investment firm Evercore has identified Snowflake Inc. (SNOW) as its favorite enterprise software stock, particularly as global tariff tensions show signs of abating. The company's focus on growth aligns well with the current market environment. Alongside Snowflake, Evercore acknowledges HubSpot and Datadog as viable investment opportunities, contingent upon the stabilization of the broader economic landscape this year.
Wall Street Analysts' Projections
Based on insights from 41 analysts, Snowflake Inc (SNOW, Financial) has a one-year average price target of $204.98. Projections span from a high of $440.00 to a low of $115.00. This average target suggests a potential upside of 12.14% from its current trading price of $182.79. Investors can dive deeper into specific estimates by visiting the Snowflake Inc (SNOW) Forecast page.
The consensus recommendation provided by 47 brokerage firms for Snowflake Inc shows an average rating of 2.0, which equates to an "Outperform" status. The brokerage rating scale, ranging from 1 to 5, indicates a "Strong Buy" at 1 and "Sell" at 5, reinforcing market optimism towards SNOW.
According to GuruFocus estimates, the estimated GF Value for Snowflake Inc (SNOW, Financial) in the upcoming year stands at $336.17, offering an enticing upside of 83.91% from its current stock price of $182.79. The GF Value is a proprietary GuruFocus metric that assesses fair stock value based on historical trading multiples, past business growth, and future business performance estimations. For a detailed analysis, visit the Snowflake Inc (SNOW) Summary page.
