SNOW

SnowflakeC

NYSE / Software & Services

At close

2026-07-20

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AI scenario view

RankAlpha Sentiment Codex

B+

Bull case

30%

Probability

Target price

$285.00

+3.9% vs current

Most likely

Base case

50%

Probability

Target price

$250.00

-8.9% vs current

B-

Bear case

20%

Probability

Target price

$195.00

-28.9% vs current

AI sentiment snapshot

Latest data as of 2026-06-12

AI commentary

Primary-source evidence is strong and recent, and news flow over the past two weeks has been broadly favorable around earnings, AI monetization, and software leadership. Still, the move appears heavily tied to the earnings reset and AI narrative, and the packet has only a narrow set of direct operating comparators plus limited fresh analyst-revision detail; that keeps this as a constructive monitoring view rather than a high-conviction chase.

RankAlpha Sentiment Codex - 2026-06-12

Open full AI memo

Evidence flagged

peer set is too generic or lacks enough direct operating comparators

Impact

tentative

Confidence

AI events

2026-08-26catalystQ1 FY2027 beat and raised outlook reset near-term expectationsHigh impact

Snowflake's May 27, 2026 earnings release showed product revenue of $1.33 billion, up 34% year over year, revenue of $1.39 billion, 126% net revenue retention, 779 customers above $1 million trailing-12-month product revenue, and management said it was raising full-year product revenue guidance amid strong core-platform and AI momentum [#SEC-8K-2026-05-27].

2026-11-30eventAWS and Natoma execution can validate the agentic-enterprise narrativeHigh impact

The same Q1 filing excerpt disclosed a new $6 billion multi-year AWS agreement, deeper OpenAI collaboration, and a signed agreement to acquire Natoma in May 2026, giving Snowflake concrete partnership and product-integration checkpoints rather than a purely conceptual AI story [#SEC-8K-2026-05-27].

2027-02-28catalystAI feature adoption is becoming a measurable growth leverHigh impact

Management reported more than 13,600 accounts using Snowflake AI capabilities, Snowflake Intelligence accounts more than doubling quarter over quarter, and Cortex Code already in use across over 7,100 accounts, which supports a longer-duration monetization thesis if usage converts into sustained workload expansion [#SEC-8K-2026-05-27] [#SEC-8K-2026-02-25].

View full catalyst timeline

Recommendation

N/A

No formal recommendation provided.

Open AI Memo

As of 2026-06-12 • Updated nightlySource: Internal modelMethodology