Goldman Sachs raised Snowflake’s price target to $278 from $216 following a 37% post-earnings jump in the stock.
Goldman Sachs increased its Snowflake (SNOW) price target to $278 from $216 after the stock surged 37% in a single session post-earnings. SNOW is now trading at $255.37, up 16.42% year-to-date.
The upgrade follows a period of volatility for Snowflake, which had fallen 50% from its early January high to April 2026. Analysts cited two converging AI-driven dynamics within the company’s business as key catalysts for the repricing.
The note highlighted the proliferation of AI coding tools accelerating enterprise migrations to modern data platforms like Snowflake. The stock’s post-earnings rally was attributed to a rational repricing rather than speculative euphoria.