- Snowflake Inc. (SNOW, Financial) experiences a wave of investor optimism following an analyst upgrade from UBS.
- The company's stock has surged over 35% this year, with a revised price target of $265.
- GuruFocus' GF Value indicates a potential upside of 51.53% over the next year.
Snowflake (NYSE: SNOW) is capturing significant attention in the financial markets. Recently upgraded by UBS from Neutral to Buy, the cloud data platform giant is riding a wave of enthusiasm fueled by its advancements in AI technology. With its stock already climbing more than 35% in 2023, UBS has raised its price target to $265, reflecting renewed investor confidence. However, Morgan Stanley remains cautious, retaining its neutral position while acknowledging Snowflake's robust market standing.
Wall Street Analysts Forecast
When examining the perspectives of 43 top analysts, Snowflake Inc. (SNOW, Financial) holds an average one-year price target of $224.72, oscillating between a high of $440.00 and a low of $150.00. This average target suggests a potential upside of 6.80% from its current trading price of $210.40. Investors looking for a more in-depth analysis can explore further on the Snowflake Inc (SNOW) Forecast page.
According to a consensus of 49 brokerage firms, Snowflake's average brokerage recommendation stands at 2.0, classifying it under the "Outperform" category. This rating is derived from a scale where 1 indicates a Strong Buy and 5 signifies a Sell, offering valuable insights for investors evaluating the stock's potential.
GuruFocus GF Value Estimation
The GuruFocus GF Value projection paints an optimistic picture for Snowflake Inc., estimating a one-year GF Value of $318.82. This suggests a substantial upside potential of 51.53% from its current price point of $210.40. The GF Value is a proprietary metric that assesses the fair trading value of a stock based on historical trading multiples, past business growth, and anticipated future performance. For further insights, investors can visit the Snowflake Inc (SNOW, Financial) Summary page.
