The consensus price target hints at a 27.4% upside potential for Snowflake (SNOW). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Earnings for Snowflake stock are due May 20. The software maker hosts an investor day on June 4. Here is what technical and fundamental analysis says about buying SNOW stock.
Besides Wall Street's top -and-bottom-line estimates for Snowflake (SNOW), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended April 2024.