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 ...
In other recent news, Snowflake Inc. has been the focus of several analyst reviews following its annual summit and Investor Day. Mizuho analysts have raised their price target for Snowflake to $235, ...
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 ...