Movement Alert｜Snowflake Rises 3.14% in Regular Trading, Multiple Investment Banks Maintain Buy Ratings with AI Product Progress Boosting Sentiment

Market Focus06-26

On June 26, Snowflake rose 3.14% in regular trading, trading at 234.11 USD/share, with turnover of $281 million.

On the news front, CICC recently maintained its outperform rating on Snowflake with a $280 target price, noting AI-driven revenue acceleration with FY27 Q1 revenue growing 33% year-over-year above expectations and product revenue up 34%. The target price is based on 17x price-to-sales ratio, implying approximately 21% upside from current levels. Deutsche Bank and UBS have also raised their target prices to $300 and $370 respectively, both maintaining buy ratings. Additionally, Bank of America recently listed Snowflake among its top five tech stock picks for the second half, while ARK Invest has been actively adding to its position, reflecting strengthened conviction in the AI infrastructure theme.

Fundamentally, the company signed a five-year $6 billion strategic partnership with AWS, and its platform strategy shift toward agentic AI — including Cortex Code and Cowork agents — is expected to drive long-term differentiation and monetization opportunities.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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