• Goldman Sachs reaffirms its "Buy" rating for Snowflake Inc. (NYSE:SNOW), indicating confidence in the company's future amidst its AI partnership focus.
• Analysts project a 21.13% increase in revenue and a 57.14% growth in EPS for the upcoming fiscal quarter, highlighting Snowflake's strong performance trajectory.
• Snowflake's historical earnings surprise average of 28.04% over the last four quarters underscores its consistent outperformance and robust market position.

Snowflake Inc. (NYSE:SNOW) is a prominent player in the cloud-based data warehousing industry. The company provides a platform that enables businesses to consolidate data into a single source, making it easier to access and analyze. Snowflake competes with other tech giants like Amazon Web Services and Microsoft Azure in the cloud computing space.

On May 19, 2025, Goldman Sachs maintained its "Buy" rating for Snowflake, with the stock trading at $182.57. This rating suggests confidence in Snowflake's future performance, despite the current "hold" action. As highlighted by Benzinga, Snowflake is focusing on AI partnerships, which could drive future growth.

Snowflake is set to announce its first-quarter fiscal 2026 results on May 21. Analysts at Zacks Investment Research expect a positive outcome, with revenue projected at $1 billion, marking a 21.13% increase from the previous year. The earnings per share (EPS) are estimated at 22 cents, showing a significant year-over-year growth of 57.14%.

Historically, Snowflake has exceeded expectations, with an average earnings surprise of 28.04% over the last four quarters. The company's strong customer base and expanding partner network are key factors in its anticipated performance. This growth is crucial as Snowflake continues to strengthen its market position.

Currently, SNOW is trading at $182.05, a slight decrease of $1.03 or approximately -0.56%. The stock has fluctuated between $179.94 and $183.08 today. Over the past year, SNOW has seen a high of $194.40 and a low of $107.13, with a market capitalization of around $60.74 billion.