11:10 AM EDT, 05/28/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our price target by $40 to $280, using an EV/sales ratio of 17x on our FY 27 (Jan.) sales view, above SNOW's three-year average (~14x) on AI tailwinds. We lift our FY 27 EPS estimate by $0.15 to $2.17 (sales view +$181M to $6.13B) and raise FY 28's by $0.33 to $3.21 (sales +$310M to $7.69B). SNOW's FY 27 product revenue guidance was increased materially (to 31% from 27% prior), with annual revenue growth now set to accelerate for the first time since the IPO. The bump primarily reflects the inclusion of consumption patterns for Cortex Code (GA in Feb.), where we expect accelerating adoption to also benefit core platform consumption. SNOW's new $6B deal with AWS (more than double its prior commitment) reflects confidence and should bring significant volume discounts and product efficiencies, helping SNOW raise its operating margin guidance to 13.5% for FY 27 (from a prior 12.5% view). Our downgrade is valuation-based as we see a less attractive buying opportunity with shares up ~30% this morning.