Snowflake Inc (SNOW) Stock Price, Chart, Fundamentals & AI Forecast
Founded in 2012, Snowflake is a fully managed platform that consolidates data hosted on different public clouds for centralized analytics and governance... Show more
Why Snowflake (SNOW) Stock Is Up +11.50% in the Last 30 Days
Key Takeaways
- Snowflake (SNOW) shares rose approximately 11.50% in the 30-day period between June 10 and July 9, 2026, climbing from $239.90 to $267.49.
- The 30-day gain reflects a broader recovery from a post-earnings pullback, as the stock rebounded from a mid-June low near $217 to approach its 52-week high of $284.99.
- Over the last quarter, SNOW surged roughly 121%, driven predominantly by a significantly stronger-than-expected Q1 FY2027 earnings report and a landmark $6 billion AWS partnership announced in late May.
- Analyst sentiment remains broadly bullish, with a consensus Moderate Buy rating and an average price target near $294, supported by accelerating AI adoption and raised full-year guidance.
- Key catalysts include 34% product revenue growth, record remaining performance obligations of $9.21 billion, and expanding enterprise AI momentum across the Snowflake platform.
Snowflake (SNOW) Company Overview and Market Position
Snowflake Inc. is an AI Data Cloud company whose platform enables organizations to consolidate massive volumes of structured, semi-structured, and unstructured data into a single governed source for analytics, AI, and application development. Its cloud-native architecture separates storage, compute, and cloud services into independently scalable layers, letting customers run concurrent workloads without performance conflicts. Snowflake serves thousands of customers worldwide, including 813 Forbes Global 2000 enterprises, and has emerged as a central infrastructure provider for the agentic enterprise era. Investors closely track SNOW because its revenue growth, net revenue retention rate, and remaining performance obligations serve as barometers for enterprise cloud and AI spending trends.
Snowflake (SNOW) Stock Price Performance: Last 30 Days vs. Quarter
Over the last 30 days, SNOW advanced approximately 11.50%, moving from a closing price of $239.90 on June 10, 2026, to $267.49 on July 9, 2026. The stock traded in a wide range during this window, dipping to an intra-period low around $217.48 on June 25 before mounting a sharp recovery through early July. That recovery erased the post-earnings consolidation losses and brought SNOW within roughly 6% of its 52-week high of $284.99, set on June 2.
The quarterly picture is even more dramatic. Approximately 90 days earlier, on April 10, 2026, SNOW closed at $121.11, near its 52-week low. The subsequent rally of roughly 121% was fueled by a milestone Q1 FY2027 earnings release on May 27 that shattered expectations and triggered a wave of analyst upgrades, alongside the announcement of a $6 billion multi-year cloud infrastructure agreement with AWS.
What Drove SNOW Stock Price in the Last 30 Days
The 11.50% gain over the last 30 days primarily represents a recovery rally following a normal post-earnings digestion phase. After SNOW surged roughly 45% in a single trading session following its May 27 earnings report, the stock underwent a period of consolidation through mid-to-late June, retracing from around $280 to $217. During the subsequent recovery, several catalysts supported renewed buying interest.
Multiple sell-side firms reiterated or raised price targets in early June, including Piper Sandler ($320), BTIG ($325), Truist ($300), and Loop Capital ($320), citing accelerating AI adoption and better-than-expected margin expansion. Morgan Stanley raised its target to $300, emphasizing that Snowflake's AI product suite is becoming a control plane for enterprise data. Institutional investors also increased positions, with firms such as Whittier Trust, Swedbank, and Jennison Associates reporting larger stakes in 13F filings.
Product developments reinforced the growth narrative. Snowflake's Cortex Code (CoCo) AI coding agent gained traction as a migration accelerator, while the Snowflake Intelligence platform and OpenAI partnership underscored the company's expanding role in governed enterprise AI workflows. European expansion, including a new French headquarters in Paris, signaled deepening international penetration. These factors, combined with the company's raised FY2027 product revenue guidance of $5.84 billion, kept investor sentiment constructive through the end of the period.
What Drove SNOW Stock Performance Over the Last Quarter
SNOW's quarterly surge of approximately 121% reflects a dramatic reversal from deeply oversold conditions in early April, when the stock bottomed at $118.30 amid broader software sector weakness and macro uncertainty. The first major catalyst arrived with the company's May 27 Q1 FY2027 earnings release, which delivered product revenue of $1.33 billion, up 34% year over year and above all major estimates. Non-GAAP earnings per share of $0.39 beat consensus by roughly 22%. Management raised full-year product revenue guidance to $5.84 billion, implying 31% growth, up from prior guidance of $5.66 billion.
The simultaneous announcement of a $6 billion, five-year AWS infrastructure agreement marked Snowflake's largest cloud commitment to date and underscored the scale of enterprise AI demand. Combined with record remaining performance obligations of $9.21 billion, a net revenue retention rate of 126%, and 779 customers exceeding $1 million in trailing product revenue, the quarter established a clear inflection point for the business. Analysts responded with a broad rerating of the stock, driving the rapid revaluation that defined the quarterly move.
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SNOW Stock Forecast Drivers: What Investors Should Watch Next
Looking ahead, Snowflake's upcoming Q2 FY2027 earnings report, expected around late August 2026, will be the next major catalyst. Management guided Q2 product revenue between $1.415 billion and $1.420 billion, representing 30% year-over-year growth. Investors will closely monitor whether AI-driven momentum sustains that trajectory, particularly in core metrics such as net revenue retention, large customer additions, and RPO growth. Macroeconomic conditions, enterprise IT budget trends, and competitive dynamics with platforms like Databricks will also influence sentiment. Additionally, integration progress from the Natoma acquisition and continued adoption of Cortex AI products will be key indicators of Snowflake's ability to extend beyond data warehousing into the broader agentic enterprise stack.
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SNOW sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for SNOW moved above the 200-day moving average on July 09, 2026. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 26, 2026. You may want to consider a long position or call options on SNOW as a result. In of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SNOW just turned positive on July 14, 2026. Looking at past instances where SNOW's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SNOW advanced for three days, in of 330 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 196 cases where SNOW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SNOW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SNOW broke above its upper Bollinger Band on July 01, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SNOW’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SNOW’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 95, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (49.261) is normal, around the industry mean (30.152). P/E Ratio (0.000) is within average values for comparable stocks, (77.834). SNOW's Projected Growth (PEG Ratio) (7.130) is very high in comparison to the industry average of (1.582). Dividend Yield (0.000) settles around the average of (0.049) among similar stocks. P/S Ratio (18.692) is also within normal values, averaging (52.096).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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