Benchmark initiates SNOW buy with $190 target
Watch: Watch SNOW's upcoming Q1 FY2027 guidance for AI consumption trends and margin recovery amid growing enterprise AI adoption.
Full analysis
Benchmark started SNOW coverage with a Buy rating and $190 target on April 1, 2026, citing its unified AI Data Cloud for generative AI growth. Morningstar enhanced SNOW Marketplace data on March 31, expanding financial investment datasets. Snowflake’s total addressable market surpasses $500B, positioning it for strong AI and cloud-native application growth amid some filing risks on taxes, regulated markets, and cybersecurity.
Benchmark’s bullish start highlights confidence in SNOW’s AI-driven expansion potential and its large market opportunity, signaling upward momentum despite regulatory and operational risks.
Get alerted when SNOW changes direction
Evidence
7 older signals
Get alerted when SNOW changes direction.