Snowflake Heading Into Fiscal 2027 With Strong Bookings and AI Momentum, Morgan Stanley Says

Like
Comment
Favorite

Snowflake Heading Into Fiscal 2027 With Strong Bookings and AI Momentum, Morgan Stanley Says

MT Newswires Live12-05 00:00

Snowflake (SNOW) is positioned to exit fiscal 2026 growing close to 30% as strong bookings and accelerating momentum in artificial intelligence support a more durable growth profile, Morgan Stanley said in a note Thursday.

The firm said that despite a "skinnier" Q3 product revenue beat versus that seen in Q2, Snowflake's underlying growth trends remain healthy.

Q4 product revenue guidance of $1.195 billion to $1.200 billion came in slightly ahead of consensus and implies about 27% growth. Morgan Stanley said Snowflake appears on track to end fiscal 2026 growing roughly 30% to 31%.

AI contributions also strengthened, with Snowflake's AI portfolio surpassing a $100 million revenue run rate in Q3, about a quarter ahead of expectations.

Morgan Stanley reiterated its overweight rating on Snowflake and raised its price target to $299 from $272.

Price: 238.92, Change: -26.08, Percent Change: -9.84

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.

Report

Comment

No comments yet

Most Discussed

7x24

All

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2589835187?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-05 00:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2589835187","market":"hk","top_or_hot":-1,"title":"Snowflake Heading Into Fiscal 2027 With Strong Bookings and AI Momentum, Morgan Stanley Says","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/SNOW\">Snowflake</a> (SNOW) is positioned to exit fiscal 2026 growing close to 30% as strong bookings and accelerating momentum in artificial intelligence support a more durable growth profile, Morgan Stanley said in a note Thursday.</p><p>The firm said that despite a \"skinnier\" Q3 product revenue beat versus that seen in Q2, Snowflake's underlying growth trends remain healthy.</p><p>Q4 product revenue guidance of $1.195 billion to $1.200 billion came in slightly ahead of consensus and implies about 27% growth. Morgan Stanley said Snowflake appears on track to end fiscal 2026 growing roughly 30% to 31%.</p><p>AI contributions also strengthened, with Snowflake's AI portfolio surpassing a $100 million revenue run rate in Q3, about a quarter ahead of expectations.</p><p>Morgan Stanley reiterated its overweight rating on Snowflake and raised its price target to $299 from $272.</p><p>Price: 238.92, Change: -26.08, Percent Change: -9.84</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Snowflake Heading Into Fiscal 2027 With Strong Bookings and AI Momentum, Morgan Stanley Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSnowflake Heading Into Fiscal 2027 With Strong Bookings and AI Momentum, Morgan Stanley Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-12-05 00:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/SNOW\">Snowflake</a> (SNOW) is positioned to exit fiscal 2026 growing close to 30% as strong bookings and accelerating momentum in artificial intelligence support a more durable growth profile, Morgan Stanley said in a note Thursday.</p><p>The firm said that despite a \"skinnier\" Q3 product revenue beat versus that seen in Q2, Snowflake's underlying growth trends remain healthy.</p><p>Q4 product revenue guidance of $1.195 billion to $1.200 billion came in slightly ahead of consensus and implies about 27% growth. Morgan Stanley said Snowflake appears on track to end fiscal 2026 growing roughly 30% to 31%.</p><p>AI contributions also strengthened, with Snowflake's AI portfolio surpassing a $100 million revenue run rate in Q3, about a quarter ahead of expectations.</p><p>Morgan Stanley reiterated its overweight rating on Snowflake and raised its price target to $299 from $272.</p><p>Price: 238.92, Change: -26.08, Percent Change: -9.84</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4613","symbol_name":"AI应用软件","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2589835187","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2589835187","pubTimestamp":1764864024,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Snowflake (SNOW) is positioned to exit fiscal 2026 growing close to 30% as strong bookings and accelerating momentum in artificial intelligence support a more durable growth profile, Morgan Stanley sa","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4613":"AI应用软件","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","BK4535":"淡马锡持仓","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","BK4504":"桥水持仓","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","BK4548":"巴美列捷福持仓","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","SNOW":"Snowflake","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","LU0528227936.USD":"富达环球人口趋势基金A-ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU0971096721.USD":"富达环球金融服务 A","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","MS":"摩根士丹利","BK4581":"高盛持仓","BK4532":"文艺复兴科技持仓","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU0106831901.USD":"贝莱德世界金融基金A2","LU0882574139.USD":"富达环球消费行业基金A ACC","BK4116":"互联网服务与基础架构","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU0056508442.USD":"贝莱德世界科技基金A2","BK4585":"ETF&股票定投概念","BK4127":"投资银行业与经纪业","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","BK4516":"特朗普概念"},"translate_title":"摩根士丹利表示，Snowflake将以强劲的预订量和人工智能势头进入2027财年","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MS":0.9,"SNOW":1.5},"content_text":"Snowflake (SNOW) is positioned to exit fiscal 2026 growing close to 30% as strong bookings and accelerating momentum in artificial intelligence support a more durable growth profile, Morgan Stanley said in a note Thursday.The firm said that despite a \"skinnier\" Q3 product revenue beat versus that seen in Q2, Snowflake's underlying growth trends remain healthy.Q4 product revenue guidance of $1.195 billion to $1.200 billion came in slightly ahead of consensus and implies about 27% growth. Morgan Stanley said Snowflake appears on track to end fiscal 2026 growing roughly 30% to 31%.AI contributions also strengthened, with Snowflake's AI portfolio surpassing a $100 million revenue run rate in Q3, about a quarter ahead of expectations.Morgan Stanley reiterated its overweight rating on Snowflake and raised its price target to $299 from $272.Price: 238.92, Change: -26.08, Percent Change: -9.84","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}