Snowflake Inc. (NYSE:SNOW) is a prominent player in the cloud-based storage solutions industry. The company offers a platform that enables businesses to store and analyze data seamlessly. Snowflake competes with major industry players like Google BigQuery and Amazon's Redshift. The cloud storage market is valued at $602.31 billion, providing ample growth opportunities for Snowflake.
On November 23, 2025, Jefferies maintained its "Buy" rating for Snowflake, while the stock action remains as "hold." At that time, the stock price was $234.03. Jefferies also raised the price target for Snowflake from $270 to $300, as highlighted by TheFly. This indicates confidence in Snowflake's potential for future growth.
Despite a recent decline of 5.34% over the past month, Snowflake's stock has shown resilience. It experienced a gain of 11.97% in the previous month. Since hitting its lowest point of the year on April 4, the stock has surged by over 79%, resulting in a year-to-date gain of 48.76%. This performance reflects the company's strong market position.
In its recent Q3 earnings report on November 20, Snowflake exceeded expectations. The company reported an earnings per share of 20 cents, surpassing the anticipated 15 cents. Revenue also exceeded expectations, reaching $942.1 million compared to the expected $898.5 million. This strong financial performance supports Jefferies' positive outlook.
Currently, Snowflake's stock is priced at $234.03, reflecting a decrease of $10.63 or -4.34% in its value. The stock has fluctuated between a low of $229.14 and a high of $246.03 today. Over the past year, SNOW has reached a high of $280.67 and a low of $120.10. The company's market capitalization stands at approximately $77.88 billion, with a trading volume of 6.82 million shares on the NYSE.
