SNOW

SnowflakeB

NYSE / Software & Services

At close

2026-06-02

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AI scenario view

RankAlpha Sentiment CodexPost-earnings T+3

B+

Bull case

30%

Probability

Target price

$330.00

+26.4% vs current

Most likely

Base case

50%

Probability

Target price

$275.00

+5.3% vs current

B-

Bear case

20%

Probability

Target price

$215.00

-17.7% vs current

AI sentiment snapshot

Latest data as of 2026-05-28

AI commentary

Primary-source evidence is strong and the post-print reaction is real: SNOW traded around $239.20 on May 28, 2026, roughly 36% above the $175.26 anchor, after the company raised FY2027 guidance and disclosed a $6B AWS agreement. Reuters also reported that at least 25 analysts raised price targets, lifting the median target to about $275. Social context was not provided in the packet, so this remains a news-and-filings-driven report; the stance is constructive but partly priced in, with peer read-throughs best framed against data-platform and consumption-software names rather than the packet's broad same-sector market-cap set.

RankAlpha Sentiment Codex - 2026-05-28

Open post-earnings memo

Evidence flagged

No evidence quality warning is currently attached to this memo.

Impact

standard

Confidence

AI events

2026-06-10eventQ1 FY2027 beat-and-raise with stronger AI/data momentumHigh impact

Snowflake's May 27, 2026 8-K and press release confirmed Q1 FY2027 product revenue of $1.33B (+34% YoY), total revenue of $1.39B (+33% YoY), NRR of 126%, RPO of $9.21B, and a raise to FY2027 product revenue guidance of $5.84B and non-GAAP operating margin of 13.5% [#8-K-2026-05-27].

2026-08-31catalystAWS agreement deepens the AI infrastructure tailwindHigh impact

Snowflake's new $6B, five-year AWS agreement should support compute supply, deepen the platform's strategic AWS relationship, and help Snowflake convert AI workload growth into more durable consumption [#8-K-2026-05-27].

2026-11-30catalystCustomer and AI adoption remains broad-basedMedium impact

The company said more than 13,600 accounts are using Snowflake AI capabilities, Cortex Code is in use across more than 7,100 accounts, and 779 customers now generate over $1M of trailing-12-month product revenue, suggesting the AI Data Cloud story is still expanding into deeper consumption [#8-K-2026-05-27].

View full catalyst timeline

Recommendation

N/A

No formal recommendation provided.

Open AI Memo

As of 2026-05-28 • Updated nightlySource: Internal modelMethodology