Snowflake Inc., a prominent player in the cloud-based data warehousing sector, continues to make headlines with its recent financial results and major strategic partnerships. The company, headquartered in Bozeman, Montana, specializes in enabling organizations to consolidate disparate data sources—supporting data analysis and artificial intelligence (AI) initiatives. Its growth reflects rising industry demand, as businesses transform operations with scalable, flexible data solutions, leveraging cloud services such as Amazon Web Services (AWS) and Google Cloud.
In its most recent financial disclosure, Snowflake reported third-quarter revenue of $1.21 billion, exceeding analyst expectations of $1.18 billion. However, the company's outlook—a forecasted product revenue growth of 27% for the fourth quarter, compared to 29% in the previous period—disappointed investors who had anticipated growth above 30%. This moderation in guidance triggered an 8% decline in Snowflake's share value during extended trading, as initially reported by Reuters.
The volatility surrounding Snowflake’s shares at this key juncture has prompted swift action among Wall Street analysts. Wolfe Research upgraded Snowflake’s rating to "Outperform," setting a price target of $235.00, influenced by improvements in core consumption trends and heightened optimism about the competitive environment. As reported by Investing.com, the firm cited Snowflake’s strong execution and adaptability as factors underpinning its revised guidance. Similarly, Citigroup reiterated its “Buy” rating with a higher price target of $310.00, reflecting confidence in the company’s long-term prospects. Baird echoed this sentiment, maintaining an “Outperform” rating and increasing its price target from $260.00 to $270.00 (Gurufocus). Needham & Company LLC also reaffirmed its “Buy” recommendation, assigning a price objective of $280.00 (MarketBeat).
Beyond financials, Snowflake is investing heavily in its AI and cloud partnerships to maintain technological leadership. The company has disclosed a $200 million multi-year partnership with AI firm Anthropic, aiming to integrate Anthropic's Claude AI models directly into Snowflake’s platform. This collaboration is intended to make advanced AI tools more accessible for developers and business analysts, fostering enhanced data insights and new AI-driven applications. Snowflake has also strengthened ties with Amazon Web Services—surpassing $2 billion in AWS Marketplace sales—as well as with Accenture. Partnerships with Google’s Gemini AI and other technology providers are furthering Snowflake’s efforts to embed large language models and facilitate AI development atop secure, unified data within its ecosystem, according to Reuters.
As of December 9, 2025, Snowflake’s stock trades at $225.31, a decrease of roughly 1.55% from the previous close. The company, listed on the NYSE as SNOW, saw a trading volume of 6,328,861 shares on Monday, December 8, with prices fluctuating between an intraday low of $224.44 and a high of $231.32. The latest trading session closed at 16:58:02 PST, opening at $228.64 and closing down $3.55, or -0.02% from the previous day.
For further in-depth analysis and trading perspectives on Snowflake Inc., investors can refer to the original detailed research report from Argus, now available via Yahoo Finance.