Snowflake reported product revenue of $997 million, exceeding Loop Capital’s forecast of $961 million by 4%. The company also demonstrated better-than-expected profitability, with non-GAAP operating ...
On Wednesday, Loop Capital analysts increased their price target for Snowflake Inc . (NYSE: NYSE: SNOW) stock to $245 from the previous target of $230, while maintaining a Buy rating.
Loop Capital’s revised price target of $220 is based on a 12.5x enterprise value to revenue multiple applied to their increased fiscal year 2028 estimates, which correspond to calendar year 2027. This ...
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