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Earnings Update: Here’s Why Analysts Just Lifted Their Snowflake Inc. (NYSE:SNOW) Price Target To US$281

Earnings Update: Here’s Why Analysts Just Lifted Their Snowflake Inc. (NYSE:SNOW) Price Target To US$281

The investors in Snowflake Inc.‘s (NYSE:SNOW) will be rubbing their hands together with glee today, after the share price leapt 63% to US$280 in the week following its first-quarter results. The results were mixed overall, with revenues slightly ahead of analyst estimates at US$1.4b. Statutory losses by contrast were 3.5% larger than predictions at US$0.86 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

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