On Tuesday, May 20, JMP Securities analysts reiterated a “Market Outperform” for Snowflake Inc. (NYSE:SNOW) and kept a price target of $201. This decision comes as the company is set to announce its Q1 fiscal year 2026 earnings after the market closes on Wednesday.
JMP’s rating is based on 13 data points regarding Snowflake Inc.’s (NYSE:SNOW) performance. Out of these, 9 are positive while 4 are cautious.
A software engineer at work, surrounded by a wall of computer monitors connected to a ‘Data Cloud’ platform.
The steady price target of $201 suggests that JMP believes in the stock’s strong value potential. The firm’s positive outlook indicates that it expects the upcoming earnings report to show continued growth or strong financial health. This positive outlook is also supported by SNOW’s stock price rising by more than 16% year-to-date.
Investors are highly anticipating the upcoming earnings announcement following the stock’s significant year-to-date price increase. The market is watching closely to see if Snowflake Inc. (NYSE:SNOW) will continue to outperform broader market indices.
Snowflake Inc. (NYSE:SNOW) is an American cloud-based data storage company that operates a secure and scalable AI Data Cloud platform. The company’s platform allows organizations to share data, build AI-powered data apps, unlock data insights, and power their business with AI.
While we acknowledge the potential of SNOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNOW and that has a 100x upside potential, check out our report about the cheapest AI stock.
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Disclosure: None.
DJ Kamal Mustafa
I’m DJ Kamal Mustafa, the founder and Editor-in-Chief of EMEA Tribune, a digital news platform that focuses on critical stories from Europe, the Middle East, Africa, and Pakistan. With a deep passion for investigative journalism, I’ve built a reputation for delivering exclusive, thought-provoking reports that highlight the region’s most pressing issues.
I’ve been a journalist for over 10 years, and I’m currently associated with EMEA Tribune, ARY News, Daily Times, Samaa TV, Minute Mirror, and many other media outlets. Throughout my career, I’ve remained committed to uncovering the truth and providing valuable insights that inform and engage the public.
