Snowflake stock trades near 1-year low despite analysts seeing 59% upside amid strong AI-driven growth.

Snowflake's stock is trading at $149.99, near its 52-week low, while analysts have an average price target of $237.89, implying about 59% upside. Despite a 31.6% year-to-date drop, the company reported strong revenue growth of over 29% in fiscal 2026 and raised forward guidance, driven by robust AI adoption and customer demand. Analysts remain bullish with 85% rating it a buy or strong buy, citing Snowflake's expanding AI features and healthy contract backlog. However, risks include macroeconomic pressures, a high valuation multiple, and ongoing operating losses, meaning a recovery depends on continued execution and improved market conditions.