Snowflake (NYSE:SNOW) is a prominent player in the cloud data warehousing and analytics sector. The company offers a platform that enables businesses to store, manage, and analyze data efficiently. Snowflake competes with major tech giants like Alphabet's Google Cloud, which provides similar services through its BigQuery platform. Both companies are key players in the rapidly growing cloud analytics market.
On December 15, 2025, Raymond James set a price target of $250 for Snowflake, suggesting a potential price increase of approximately 16.03% from its current price of $215.47. This optimistic outlook comes as Snowflake continues to expand its platform, introducing 370 new product capabilities, a 35% increase year-to-date. These advancements highlight Snowflake's commitment to innovation and growth.
Snowflake's customer base is also expanding, with over 7,300 customers utilizing its AI and machine learning tools weekly. This growth is crucial as the global cloud analytics market is projected to grow from $35.39 billion in 2024 to $130.63 billion by 2030, with a compound annual growth rate of 25.5% from 2025 to 2030. Snowflake is well-positioned to capitalize on this market expansion.
Despite these positive developments, Snowflake faces stiff competition from Alphabet's Google Cloud. By the end of the third quarter of 2025, Google Cloud reported a backlog of $155 billion, reflecting a 46% sequential increase. This indicates Google Cloud's strong market presence and competitive edge in the cloud data and analytics sector.
Currently, Snowflake's stock price is $215.47, reflecting a decrease of $2.47 or -1.13% from the previous trading session. The stock has traded between a low of $212 and a high of $217.63 today. Over the past year, SNOW has reached a high of $280.67 and a low of $120.10, with a market capitalization of approximately $72.13 billion. The trading volume on the NYSE is 4,433,329 shares.
