Argus Raises its Price Target on Snowflake (SNOW)

On May 29, 2026, Argus raised the firm’s terms people connected Snowflake Inc. (NYSE:SNOW) to $300 from $250 and maintained a Buy standing connected the shares. Argus said Snowflake’s information absorption systems person go “critically fundamental” to enterprises gathering generative AI agentic applications, calling the institution a “picks and shovels” play arsenic “the GenAI gyration continues to explode.”

Citi besides raised the firm’s terms people connected Snowflake Inc. (NYSE:SNOW) to $320 from $260 and maintained a Buy standing connected the shares. Citi described the company’s Q1 study arsenic “thesis-changing,” saying Snowflake’s gross acceleration shows it is successfully monetizing AI workloads with Cortex Code.

On May 27, 2026, Snowflake Inc. (NYSE:SNOW) reported Q1 non-GAAP EPS of 39c, up of the statement estimation of 32c. Revenue totaled $1.39B, supra the statement estimation of $1.32B. CEO Sridhar Ramaswamy said Snowflake delivered a “milestone quarter,” with merchandise gross of $1.33B, up 34% year-over-year. Ramaswamy besides said AI remains a almighty tailwind and called Q1 a wide inflection constituent successful Snowflake’s displacement toward the Agentic Enterprise.

Snowflake Inc. (NYSE:SNOW) provides a cloud-based information level for organizations successful the United States and internationally.

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