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Stock Up Nearly 50% This Year as Wall Street Gives Highest Target Price of $500

Stock Up Nearly 50% This Year as Wall Street Gives Highest Target Price of $500

TradingKey – Snowflake (SNOW) will report its second-quarter fiscal 2027 results after the U.S. market close on September 2. With its stock up nearly 50% year-to-date and once approaching its 52-week high, market expectations for its growth prospects have clearly heightened.

FactSet expects Snowflake’s second-quarter revenue to be approximately $1.48 billion, up about 30% year-over-year, with adjusted earnings per share expected at $0.46. The company previously provided product revenue guidance of $1.415 billion to $1.420 billion, representing a 30% year-over-year growth, implying that the market has effectively set a high bar for this quarter’s performance.

Can Product Revenue Sustain Over 30% Growth?

In the previous quarter, Snowflake…

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