Will Snowflake Reach $300 This Year?

Snowflake (NYSE:SNOW) has been 1 of 2026's astir convulsive circular trips, plunging to $144.48 successful April earlier ripping backmost supra $230. The question connected each shareholder's caput is whether the AI information unreality communicative tin transportation shares to $300 this year. Our exemplary says the way is real, but not rather determination successful 12 months.

Our 24/7 Wall St. terms people for Snowflake is $262.17, implying 13.78% upside from $230.41. We complaint the banal a bargain with precocious (90%) confidence.

24/7 Wall St. Price Target Summary

From $144 to $230: A Violent Recovery

Snowflake is up 33.8% implicit the past period and 5.04% twelvemonth to date, sitting 2% beneath its 52-week precocious of $284.99.

The substance was a blowout Q1 FY27 net study connected May 27, 2026: gross of $1.39 cardinal grew 33.5% YoY, beating estimates by 5.13%, portion non-GAAP EPS of $0.39 bushed by 21.95%. Management raised full-year merchandise gross guidance to $5.84 cardinal (31% growth) and lifted non-GAAP operating borderline guidance to 13.5%.

The woody travel is arsenic aggressive: a caller $6 cardinal multi-year AWS collaboration, a deepened OpenAI partnership, the Natoma acquisition for AI cause infrastructure, and SAP integration present successful wide availability.

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The Case for $306 and Beyond

Bulls person a cleanable story. RPO of $9.21 cardinal grew 38% YoY, nett gross retention sits astatine 126%, and 13,600+ accounts are present utilizing Snowflake AI. CEO Sridhar Ramaswamy framed Q1 arsenic "a wide inflection point" arsenic Snowflake becomes "the power level for the Agentic Enterprise."

Our bull lawsuit projects $306.45 by June 2027, a 33% gain. Wedbush, Morgan Stanley, and others beryllium successful the $291.70 statement with 9 Strong Buy and 35 Buy ratings.

What Could Go Wrong

The carnivore lawsuit is valuation. Snowflake trades astatine 15.6x trailing income and 118x guardant net portion inactive posting GAAP losses (-$326 cardinal operating nonaccomplishment successful Q1). Insider enactment skews to nett selling crossed 101 caller transactions, and stock-based compensation remains elevated.