Snowflake Inc. (NYSE:SNOW) Sees Positive Analyst Upgrade and Partnership Announcement

• Bernstein upgraded Snowflake Inc. (NYSE:SNOW) to "Outperform" from "Market Perform" with a recent stock price of $205.67.
• The stock hit a new annual high of $209.29, buoyed by a partnership announcement with the 2028 Los Angeles Olympics.
• Snowflake's IBD SmartSelect Composite Rating improved from 94 to 96, indicating a stronger market position.

Snowflake Inc. (NYSE:SNOW) is a cloud-based data-warehousing company that competes with tech giants like Amazon Web Services and Microsoft Azure. On May 31, 2025, Bernstein upgraded SNOW's rating to "Outperform" from "Market Perform" when the stock was priced at $205.67, as highlighted by Benzinga.

Currently, SNOW shares are trading at $205.77, experiencing a slight decline of 0.3%. Despite this, the stock recently hit a new annual high of $209.29. This upward trend is supported by a recent partnership announcement with the 2028 Los Angeles Olympics, which has positively influenced investor sentiment.

Snowflake's stock performance has also been bolstered by a favorable earnings report on May 22, which led to a significant 13.4% increase in its stock price. The company's IBD SmartSelect Composite Rating has improved from 94 to 96, indicating a stronger market position and positive outlook for the stock.

The stock's current price of $205.67 reflects an increase of 1.66% or $3.36. Today, SNOW has fluctuated between a low of $199.82 and a high of $205.93. Over the past year, the stock has seen a high of $209.80 and a low of $107.13, showcasing its volatility and potential for growth.

Snowflake's market capitalization is approximately $68.62 billion, with a trading volume of 6,655,007 shares on the NYSE. This indicates a strong interest in the stock, aligning with its inclusion in Benzinga's 'Stock Whisper' Index, which features stocks that investors are closely monitoring.