Snowflake Inc ($SNOW) Stock Forecast: Up 8.0% Today

What is Snowflake Inc?

Snowflake (NYSE: SNOW) is a leading cloud-based data warehousing company that provides data storage and analytics solutions for businesses. The stock had a strong bullish movement today.

Why is Snowflake Inc going up?

SNOW stock is up 8.0% on May 22, 2025 16:40

• Snowflake reported better-than-expected earnings and sales results for the first quarter, with revenue of $1.04 billion, surpassing analyst estimates.
• Analysts revised their forecasts upwards following the upbeat Q1 results, indicating confidence in the company's performance.
• The stock had been rallying prior to the earnings report, with technical indicators remaining bullish, although the RSI suggested it might be entering overbought territory.
• The anticipation and positive sentiment surrounding Snowflake's earnings announcement likely fueled the strong bullish movement in the stock today.

SNOW Price Chart

SNOW Technical Analysis

SNOW News

These Analysts Boost Their Forecasts On Snowflake After Upbeat Q1 Results - Snowflake ( NYSE:SNOW )

Snowflake Inc. SNOW posted better-than-expected earnings and sales results for the first quarter on Wednesday. Snowflake reported first-quarter revenue of $1.04 billion, beating analyst estimates of $1.01 billion.

https://www.benzinga.com/25/05/45564424/these-analysts-boost-their-forecasts-on-snowflake-after-upbeat-q1-results

Williams-Sonoma, Snowflake And 3 Stocks To Watch Heading Into Thursday - Analog Devices ( NASDAQ:ADI ) , BJ's Wholesale Club Hldgs ( NYSE:BJ )

With U.S. stock futures trading slightly higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows: Wall Street expects BJ's Wholesale Club Holdings Inc.

https://www.benzinga.com/25/05/45558632/williams-sonoma-snowflake-and-3-stocks-to-watch-heading-into-thursday

Snowflake Reports Q1 Earnings, Shares Climb - Snowflake ( NYSE:SNOW )

Snowflake reports first-quarter revenue of $1.04 billion, beating analyst estimates of $1.01 billion. The AI data cloud company reports adjusted earnings of 24 cents per share, beating analyst estimates of 21 cents per share.

https://www.benzinga.com/news/earnings/25/05/45553121/snowflake-q1-earnings-revenue-eps-beat-estimates-ai-data-cloud-company-sees-25-growth-ahead-shares-

Snowflake Melts Resistance: Can Q1 Earnings Spark Fresh Gains? - Snowflake ( NYSE:SNOW )

Snowflake stock rallies 31% in a month ahead of Q1 earnings due after market close today. Technicals remain bullish, but RSI at 73 suggests stock may be entering overbought territory. Discover the top trade setups and strategies beating the S&P this year -live this Wednesday at 6 PM ET. Reserve ...

https://www.benzinga.com/trading-ideas/technicals/25/05/45550440/snowflake-melts-resistance-can-q1-earnings-spark-a-fresh-flurry-of-gains

Snowflake Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call - Snowflake ( NYSE:SNOW )

Snowflake Inc. SNOW will release its first-quarter earnings results after the closing bell on Wednesday, May 21. Analysts expect the Bozeman, Montana-based company to report quarterly earnings at 21 cents per share, up from 14 cents per share in the year-ago period.

https://www.benzinga.com/analyst-ratings/price-target/25/05/45540196/snowflake-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-

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Snowflake Inc Price History

04.02.2025 - SNOW Stock was down 6.2%

• The downward movement in Snowflake's stock today may be due to investors taking profits following a recent increase in share price.
• Despite positive developments such as surpassing Q4 expectations and raising the full-year outlook, the stock may have undergone a brief setback.
• Technical analysis suggests that the stock is approaching resistance levels, potentially prompting some traders to sell for short-term profit.
• Investors are advised to closely monitor market sentiment and weigh Snowflake's long-term growth potential against short-term fluctuations.

24.03.2025 - SNOW Stock was up 5.1%

• The upbeat movement in Snowflake's stock could be linked to a notable rise in options activity, indicating that investors with significant capital are taking a favorable view on the company.
• The uptick in options trading implies increasing optimism and confidence in Snowflake's future performance and growth opportunities.
• The heightened interest from institutions and high-net-worth individuals may stem from encouraging developments or expectations regarding Snowflake's business strategy, product portfolio, or financial results.

01.04.2025 - SNOW Stock was up 7.3%

• SNOW's stock price showed a significant bullish movement, closing at $160.35 with a +0.87% change from the previous close.
• The continued rally of SNOW stock, gaining 33% in the last six months, can be attributed to robust partnerships and an expanding AI portfolio, positioning the company for sustained success despite its premium valuation.
• The positive market sentiment towards SNOW reflects investor confidence in the company's growth prospects and strategic positioning in the competitive tech landscape.

01.04.2025 - SNOW Stock was up 6.0%

• Significant players in the financial industry are displaying optimism towards SNOW options, making notable investments in the stock.
• SNOW performed better than the overall stock market, closing at $160.35, marking a +0.87% increase from the previous closing price, signaling positive momentum.
• Over the past six months, the stock has surged by 33% due to strong partnerships and an expanding AI portfolio, positioning it well for future growth.
• The current bullish movement of SNOW seems to be driven by a combination of positive stock performance, bullish options activity, and strong fundamentals, reflecting a growing confidence among investors in the company's future prospects.

23.03.2025 - SNOW Stock was up 6.7%

• Market experts are advising to consider investing in Snowflake, as the average brokerage recommendation for the stock is Buy, reflecting a positive outlook.
• The optimistic projections by financial analysts could be a contributing factor to the uptrend in SNOW's performance today.
• Investors are showing a favorable response to Snowflake's product potential, elevating the stock price.
• There is a sense of anticipation in the market regarding Snowflake's growth prospects, fueling today's bullish movement in the stock.

08.03.2025 - SNOW Stock was up 8.8%

• The stock price of Snowflake Inc. (SNOW) rose by +0.26% to $130.87 at the latest trading session's close.
• Unusual options activity suggests that 40% of investors are optimistic about Snowflake's future.
• Analyst coverage on companies such as CenterPoint Energy and BOK Financial might have impacted market sentiment positively, potentially fueling Snowflake's bullish trend.
• Despite somewhat bearish overall market conditions, Snowflake's strong performance remains noteworthy.

22.04.2025 - SNOW Stock was up 7.7%

• Strong Q1 earnings were reported by Snowflake, surpassing analyst estimates for both revenue and earnings per share.
• The stock witnessed a month-long rally, with technical indicators signaling a bullish trend that could boost investor confidence.
• Analysts adjusted their forecasts prior to the earnings call, reflecting optimistic views on the company's performance.
• Anticipation and positive projections regarding Snowflake's earnings are believed to have influenced the stock's notable upward movement.

22.04.2025 - SNOW Stock was up 8.0%

• Snowflake reported better-than-expected earnings and sales results for the first quarter, with revenue of $1.04 billion, surpassing analyst estimates.
• Analysts revised their forecasts upwards following the upbeat Q1 results, indicating confidence in the company's performance.
• The stock had been rallying prior to the earnings report, with technical indicators remaining bullish, although the RSI suggested it might be entering overbought territory.
• The anticipation and positive sentiment surrounding Snowflake's earnings announcement likely fueled the strong bullish movement in the stock today.

28.02.2025 - SNOW Stock was down 5.0%

• The bearish movement in Snowflake's stock today could be attributed to the large investors taking a bearish stance on the company, as indicated by the publicly available options history.
• While Snowflake is benefiting from strong AI partnerships and an expanding clientele, the intense competition and stretched valuation may have contributed to the bearish sentiment among investors.
• The conflicting reports of financial giants making bullish moves on Snowflake further highlight the uncertainty and volatility surrounding the stock, leading to mixed sentiments among traders.

03.03.2025 - SNOW Stock was down 7.3%

• Despite recent unusual options activity showing bullish stances from some investors, the overall market movement for SNOW was bearish.
• The initiation of coverage on other companies like CenterPoint Energy and BOK Financial did not impact SNOW's bearish movement.
• The bearish stance taken by investors in the latest options trends for SNOW might have contributed to the stock's strong bearish movement today.
• Despite positive sentiments towards other stocks like Meta Platforms, the downward trend of Snowflake by 23% from its highs could have been influenced by the bearish options trends observed.

06.02.2025 - SNOW Stock was down 5.7%

• Despite deep-pocketed investors taking a bullish stance on Snowflake's options, the stock experienced a bearish movement today, indicating a disconnect between market sentiment and actual performance.
• The investigation into potential violations of laws by certain officers of Snowflake Inc. might have raised concerns among investors, leading to a sell-off of the stock.
• Market whales' bets on SNOW options may not have been enough to counteract broader market trends or negative news surrounding the company, resulting in the bearish movement observed today.

10.03.2025 - SNOW Stock was up 7.4%

• Snowflake (SNOW) experienced a strong bullish movement today.
• The announcement of Snowflake achieving Department of Defense IL5 Provisional Authorization on AWS GovCloud US-West could have boosted investor confidence in the company's security measures and potential government contracts.
• The positive market sentiment towards Snowflake amidst a general market dip suggests that investors are viewing the company as a safe haven or a strong performer even in uncertain market conditions.
• The news of China's new tariffs reigniting market patterns that previously led to significant gains for investors could have further fueled bullish momentum for Snowflake as a tech company with growth potential.