Target
$237.38 → $239.00
Current stock research snapshot · 8/22/26 Fresh
SNOWSnowflake Inc.
Investment conviction●●○○○2 of 5 · current snapshot
Research target$239.00Current stock price target
Investment thesis statusINTACTLast reviewed 8/22/26
Market cap$94.18BSnapshot value · 8/22/26
Research history
See all SNOW changes ↗What changed
Last reviewed
7/22/26 → 8/22/26
Snowflake's Data Cloud is the centralized platform for governed, audited, and shared enterprise data. As enterprises move from batch ETL to real-time AI/ML workloads, Snowflake's compute-storage separation architecture scales cost-efficiently. The data marketplace creates network effects.
Snowpark ML and Cortex AI driving GPU workload adoption on Snowflake Data sharing marketplace expanding cross-cloud collaboration Q2 FY27 earnings — consumption recovery as optimization cycle ends
Thesis breaks if Iceberg/open-lakehouse workloads keep growing while NRR <115% or large-customer growth stalls materially — governed-context moat no longer justifies the premium multiple. (vault 2026-08)
Bullish — 46% of customers plan to increase spend; 30% penetration; NPS sequentially and annually growing; CEO quote on 'buy more Snowflake' intent at Six Five Summit. [X search Aug 2026]
Snapshot · 8/22/26🟢 Lean-Bull · ins-$71.6M · 13F 17+/8-×0.5 · short↓0.24
Snapshot · 8/22/26