Analyst models increased Snowflake’s fair value estimate by over 25%. The valuation rose from $232.74 to $292.53. This revision follows strong first-quarter performance and positive sentiment from the recent investor day.
Accelerating adoption of AI products like Cortex Code drives the updated valuation. Analysts now view the company as a primary data and AI platform for enterprises.
Management issued stronger growth guidance following the AI-driven demand. The company now expects to reach GAAP profitability earlier than previously projected.