Benchmark raised its price target on Snowflake Inc. (NYSE:SNOW) to $200 from $190, maintaining a Buy rating.
The stock trades at $165.03 and appears undervalued based on Fair Value analysis by Bond.az.
Snowflake is expected to exceed consensus estimates for Q1 fiscal 2027 product revenue and operating income.
Three global hyperscalers averaged 44% YoY growth, the highest since 2022, signaling momentum.
Snowflake Intelligence, Cortex Code, and Observe drive AI adoption across over 9,000 accounts.
Benchmark expects Snowflake to sustain a Rule of 45 growth algorithm: 26% revenue growth and 19% free cash flow margin.
