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Snowflake stock rebounds strongly but $300 target unlikely within 12 months, buy rating with 13.8% upside.

Analyst Insights
24 Jun 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

Snowflake's stock surged from $144 to over $230 in 2026, driven by strong Q1 earnings beating estimates and raised revenue guidance. The company’s partnerships with AWS and OpenAI, plus new acquisitions, support growth, with a price target of $262.17 suggesting a 13.8% upside over the next year. While bulls see potential for $306 by 2027, valuation concerns and ongoing losses temper expectations. Investors are advised to buy but remain patient, watching for sustained revenue growth and margin expansion.

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