Snowflake Stock (SNOW) Continues to See Buy Ratings Pour In from Top Analysts
Confident Investing Starts Here:
Separately, five-star analyst William Power from Baird also reiterated a Buy rating on Snowflake and pointed to several reasons for his bullish view. To begin with, the company's new Cortex/ AI product is expected to drive future growth, and Snowflake's focus on improving data access and analytics gives it an edge in today's data-driven world. At the same time, Snowflake is expanding its distribution network and strengthening its sales strategies. Another growth driver is the Gen2 Warehouses offering, which provides faster computing and better pricing.
In addition, five-star Stifel Nicolaus analyst Brad Reback shared this optimism and maintained a Buy rating after the user conference. Reback noted that customers and partners are increasingly choosing Snowflake over competitors like Databricks for data science, engineering, and machine learning projects. Customers also gave very positive feedback on Snowpark, and many are excited about Openflow, which is a new tool that could remove the need for older middleware ETL platforms. Finally, Snowflake continues to lead in its core SQL business while gaining traction in newer tech.
Is SNOW a Good Buy Right Now?
Overall, analysts have a Strong Buy consensus rating on SNOW stock based on 34 Buys, six Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average SNOW price target of $226.74 per share implies 7.6% upside potential.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
41 minutes ago
- Forbes
Nike's Debut Lego Brick Playset Sells Out In Minutes, Strengthening Nike's Youth Appeal
Sportswear giant Nike is stepping onto a new court of play – toys – in partnership with LEGO by releasing the first-ever Nike Dunk x LEGO brick set, retailing for $100 and selling out in minutes on both companies' websites, according to Jefferies. Nike Dunk x LEGO bricks set Courtesy of Nike The 1,180-piece Nike Dunk x LEGO bricks set is designed as a basketball sneaker with a rotatable brick basketball toy and features the 'DUNK' slogan with hidden stash compartments and a new LEGO minifigure, called B'Ball Head. This marks the first in a series of co-branded offerings, including Nike x LEGO kids' footwear and apparel, additional LEGO sets to drop in September, and multi-city interactive experiences, kicking off June 7 through June 11 at California's LEGOLAND to coincide with the International Day of Play. Next month, a co-branded Nike Air Max Dn x LEGO sneaker in bright yellow will drop, priced at $155, featuring an upper fashioned with LEGO's iconic stub bumps and LEGO minifigures printed in windows on the midsole. LEGO and Nike have sealed a multi-year partnership to merge 'the imaginative world of LEGO bricks with Nike's storied sports legacy to inspire kids everywhere to the joy of active and creative play,' Nike said. In another move to bring some of the LEGO magic to Nike, former LEGO CEO Jørgen Vig Knudstorp – widely credited with leading LEGO's remarkable turnaround during his tenure from 2004 through 2023 – has been nominated to Nike's board. The Nike x LEGO partnership is a pairing of giants in their respective markets. Nike is far and away the global leader in sportswear, and LEGO is tops in toys. The partnership will help energize Nike's reach into the kid's market, as Kid's is the smallest reporting segment across the Nike portfolio of brands, generating $5.7 billion after declining 5% in fiscal 2025 ending May 31. Nike's troubles don't end there. Overall revenues were down 10% to $46.3 billion. Meanwhile, LEGO Group has wind at its back, with sales up 13% last year to $11.7 billion (DKK 74.3), and it is rated the world's most reputable company in 2025 by Reptrak. Nike trails at number 22. Long Term And Short Term Payoff Engaging kids in the Nike brand presents an immediate growth opportunity with a potential halo effect. As children connect with the brand, their parents may be inspired to engage as well. While Men's remains the Nike brand's largest reporting segment ($23.3 billion), followed by Women's ($9.7 billion) and Jordan Brand ($7.2 billion), all three declined last year, down 6%, 6% and 16% respectively. Looking ahead, today's youth could become tomorrow's brand loyalists, making the LEGO partnership a strategic, long-term investment in Nike's future. 'We view this partnership and Knudstorp's board appointment as a significant strategic move, given his transformative impact at LEGO. Under his leadership, the company reinvigorated its brand through innovative IP collaborations and creative product lines that drove sustained consumer engagement and demand. Next month, Nike will release a LEGO Air Max Dn and additional kids' products, which we see as momentum-building drops that should sustain excitement around the partnership,' wrote Jefferies' analyst Randy Konik in an investment note. Further Reading Forbes LEGO And Nike's Partnership: A Strategic Move In The Era Of Brand Collaborations By Kate Hardcastle Forbes Nike Takes $1 Billion Tariff Hit But Predicts Hard Yards Behind It By Mark Faithfull Report the details...
Associated Press
an hour ago
- Associated Press
Data Analytics Executive Ravi Kumar Kota Wins a 2025 Global Recognition Award for Exceptional Contributions to Digital Transformation
Ravi Kumar Kota received a 2025 Global Recognition Award for data engineering, analytics and digital transformation in information technology. His leadership, innovative systems and commitment to building high-performing teams have delivered measurable results for global brands, driving revenue growth and operational efficiency across multiple industries. New York, NY, United States, July 2, 2025 -- Data analytics executive Ravi Kumar Kota has been selected as a recipient of a 2025 Global Recognition Award for his exceptional contributions to data analytics and digital transformation across the information technology sector. The recognition acknowledges his 25-year career demonstrating leadership in guiding data-driven transformations that have materially lifted revenue and enterprise value for major organizations. Kota's strategic vision and execution capabilities have consistently delivered measurable results, including a 50 percent performance improvement and 35 percent cost reduction during his tenure as Senior Director of Global Digital Data and Analytics at a major retailer. His leadership extends beyond technical expertise to encompass the development of comprehensive data strategies spanning multiple brands. Kota's ability to roll out Snowflake globally while establishing robust governance and monetization frameworks demonstrates his capacity to translate complex technical concepts into business value. His strategic approach has enabled cross-functional teams to achieve unprecedented analytics velocity and operational efficiency. Innovation in Data Engineering Kota's contributions have transformed how organizations approach data analytics and customer engagement while establishing new industry standards for machine learning applications. His development of an automated dynamic pricing system represents a breakthrough in the pre-owned golf market, where the ML-driven pricing engine scrapes competitive prices into Snowflake, applies predictive models, and exposes controls through a Streamlit application. 'This real-time market response capability increased revenue by 25 percent within months of implementation,' Kota noted regarding the pricing system's impact. The Global Consumer Data Platform he architected and deployed demonstrates another example of his capabilities, aggregating real-time, GDPR/CCPA-compliant 360-degree customer profiles across five distinct brands. His earlier work migrating a $5 billion retailer from regional silos to a unified Snowflake backbone resulted in a remarkable 5 times revenue increase through optimized inventory management and dynamic pricing strategies. Each initiative has pushed the boundaries of what was previously considered possible in its respective sector while serving as a blueprint for future programs. Excellence in Leadership and Mentorship Kota's commitment to developing talent and encouraging innovation extends throughout his career, where he has built and coached teams of up to 70 engineers and analysts while instituting comprehensive talent pipelines. His approach to mentorship incorporates organizing GenAI hackathons that transform curiosity into production-ready prototypes, creating an environment where innovation thrives. This extensive development strategy has resulted in numerous mentees advancing to architect and director roles, effectively spreading a data-first culture across marketing, supply chain, and product teams. The impact of his mentoring extends beyond individual career advancement to encompass organizational transformation and industry-wide talent development while maintaining ethical standards and integrity. His ability to inspire and motivate large, diverse teams has created high-performing units, consistently delivering exceptional results. 'The mentoring programs and frameworks I have developed continue to serve as models for other organizations seeking to cultivate data-driven leadership capabilities,' Kota explained. Comprehensive Service and Community Impact Kota's service to the broader community manifests through work that directly improves experiences for millions of golfers, athletes, and retail customers worldwide while demonstrating a commitment to leveraging technology for positive social impact. His ability to transform disparate data into actionable insights empowers business units to launch sustainable products, reduce waste, and respond to real-time customer needs. His approaches to addressing societal needs reflect a dedication to accountability and continuous improvement in all endeavors. His vendor negotiation skills optimize organizational spending while reinvesting savings into community initiatives and staff development, demonstrating a holistic approach to business leadership that prioritizes performance and social responsibility. The scale and reach of his service initiatives extend internationally, creating sustainable programs that continue to benefit communities long after initial implementation. His measurable outcomes in service efforts showcase the comprehensive nature of his achievements across leadership, service, innovation, and mentoring. Ravi Kumar Kota exemplifies the excellence the Global Recognition Award seeks to honor through his unique combination of strategic leadership, innovative data engineering, and artificial intelligence applications that produce measurable top-line and bottom-line gains. His track record includes a 25 percent revenue surge through dynamic pricing implementations and a 50 percent performance improvement via global customer data platforms. His ability to mentor large, diverse teams into high-performing units while delivering service that elevates organizational competitiveness and customer experience represents the pinnacle of professional achievement. Alex Sterling from the Global Recognition Awards shared, 'Kota's contributions to the information technology sector have created lasting value for organizations, customers, and communities worldwide while establishing new standards for data-driven transformation. The comprehensive nature of his achievements across leadership, service, innovation, and mentoring demonstrates the exceptional caliber of professional excellence that defines Global Recognition Award recipients.' About Global Recognition Awards Global Recognition Awards is an international organization that recognizes exceptional companies and individuals who have significantly contributed to their industry. Contact Info: Name: Alex Sterling Email: Send Email Organization: Global Recognition Awards Website: Release ID: 89163725 If there are any errors, inconsistencies, or queries arising from the content contained within this press release that require attention or if you need assistance with a press release takedown, we kindly request that you inform us immediately by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our reliable team will be available to promptly respond within 8 hours, taking proactive measures to rectify any identified issues or providing guidance on the removal process. Ensuring accurate and dependable information is our top priority.
Yahoo
an hour ago
- Yahoo
Apple (AAPL) Rises After Jefferies 'Upgrade' on 15% iPhone Sales Surge
July 2 - Apple (NASDAQ:AAPL) was upgraded to 'Hold' from Underperform by Jefferies, as the bank sees potential upside in third?quarter iPhone sales. Shares climbed about 1% in early trading on Wednesday after the upgrade. Jefferies analysts, led by Edison Lee, pointed to data from Counterpoint Research showing a 15% year?on?year increase in global iPhone volumes during April and May, the strongest growth since 2021. They noted 12.5% growth in the March quarter, driven in part by Chinese demand pulled forward through discounting. We estimate iPhone sales in China rose about 19% year?over?year during the June promotions, driving roughly 10% growth in the quarter, Lee wrote, adding that Apple appears determined to defend market share with targeted discounts and government subsidies. On that basis, Jefferies lifted its Q3 forecast to 49.4 million units, implying 9% growth versus its prior 1% outlook. However, the firm cut its September quarter projection by 11% to 46.3 million units, down 6% year?on?year, citing a lack of new features and the absence of AI as a game changer. Apple's fiscal third?quarter results, covering April 1 to June 30, are due around July 31, with analysts forecasting revenue of $88.67 billion and earnings per share of $1.42. Investors will be watching for any upside surprises in iPhone growth to sustain momentum. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
