Snowflake Inc. research snapshot
SNOW AI stock analysis currently reads Snowflake as a consumption-based AI Data Cloud platform with product-revenue momentum, expanding enterprise adoption, and a net-cash balance sheet. At the August 1, 2026 data cutoff, SNOW closed at $293.28 on July 31 and its mechanically verified market capitalization was $101.65 billion. The stock trades near its 52-week high of $304.17, and the next earnings report is scheduled for August 26, 2026. The central question is whether AI agent adoption and the fiscal 2027 growth outlook convert into durable profitability quickly enough to justify a premium sales and free-cash-flow valuation. This page is an informational research tool, not investment advice.
Current price
$293.28 close on July 31, 2026
Market cap
$101.65 billion
AI score
70 / 100
Rating
Strong data-cloud momentum with demanding valuation and execution risk
Trend status
Uptrend above the 50-day and 200-day moving averages, pressing against the 52-week high with momentum near an overbought level
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | Snowflake sells consumption-based compute, storage, data transfer, application, and AI capabilities that help enterprises consolidate, share, and use data across cloud environments. | High |
| Moat | Cross-cloud architecture, data sharing, governance, ecosystem integrations, and embedded workloads create switching costs, but the moat is contested by hyperscalers and Databricks. | Medium-high |
| Management | CEO Sridhar Ramaswamy and CFO Brian Robins raised FY2027 product-revenue guidance after Q1 and are pushing AI monetization through Cortex AI Gateway, but a compensation plan tied to roughly doubling market value makes the execution test explicit. | Medium |
| Financial trend | Q1 FY2027 product revenue was about $1.334 billion, up about 34% year over year, while full-year product-revenue guidance was raised to $5.840 billion, up 31%; trailing free cash flow reached about $1.17 billion. | High |
| Valuation | At the cutoff, SNOW had no positive TTM GAAP PE, traded near 20.2x TTM sales, near 86.9x TTM free cash flow, and near 138.5x forward earnings, and therefore required sustained growth and margin improvement. | High |
| Technical trend | SNOW closed above the cited 50-day and 200-day averages and near its 52-week high, but RSI near 69.54 and a beta of 1.35 point to a momentum setup that can reverse sharply. | Medium |
| Risk level | High. Usage optimization, large-cloud and Databricks competition, AI-product execution, stock-based compensation, convertibles, and multiple compression can all affect returns. | Medium-high |
| AI confidence | High for historical facts and medium for forecast ranges, technical levels, competitive outcomes, and price behavior. | High data confidence |
| Investment certainty | Medium-low because a high-growth platform can still produce poor returns if consumption, margins, or valuation assumptions disappoint. | Medium-low |
SNOW AI stock forecast
The SNOW AI stock forecast uses a three-year scenario model anchored to the July 31, 2026 close of $293.28. The model annualizes Q1 FY2027 non-GAAP diluted EPS of $0.39 only as a transparent modeling input, not as a GAAP earnings forecast, and applies scenario multiples to a modeled forward earnings stream. Its outputs are scenario ranges, not price promises.
$440 to $485
More likely if product revenue stays near the raised 31% FY2027 outlook, Cortex AI Gateway and AI agent workloads drive durable consumption, large-customer expansion continues, margins improve, and investors sustain a premium multiple near 110x modeled forward earnings.
$310 to $345
More likely if product revenue growth moderates but stays healthy, consumption avoids a broad optimization reset, non-GAAP profitability expands toward the analyst consensus of about $1.93 per share for fiscal 2027, and the market applies a still-demanding multiple near 85x modeled earnings.
$140 to $165
More likely if customers slow data and AI workloads, competitors bundle comparable capabilities, AI products do not monetize as expected, share dilution persists, or the valuation falls toward 40x modeled earnings.
SNOW AI technical analysis
SNOW AI technical analysis uses the July 31, 2026 close and StockAnalysis indicators available at the August 1 cutoff. This static page does not fetch live chart data. Confirm support, resistance, moving averages, momentum, volume, volatility, and invalidation levels in a live chart before acting.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $293.28 | NYSE closing price on July 31, 2026. |
| Near support | $275 to $280 | A planning zone below the cutoff close. It is not a guaranteed floor and should be checked against live price action. |
| Trend support | About $247 to $248 | StockAnalysis cited a 50-day moving average of $247.56 near the cutoff. |
| Long-term support | About $210 to $211 | StockAnalysis cited a 200-day moving average of $210.52 near the cutoff. |
| Near resistance | $304 to $305 | The cited 52-week high was $304.17, so a sustained move above this area with volume would strengthen the breakout case. |
| Moving averages | 50-day $247.56, 200-day $210.52 | Price is above both averages and the gap between them has widened, showing a strengthening longer trend. |
| Momentum | RSI 69.54 | The cited RSI sits near a commonly watched overbought threshold, which raises pullback risk even when the larger trend is positive. |
| Volume | 20-day average 4.50 million shares | Compare any breakout or breakdown with recent average volume rather than relying on price alone. |
| Volatility | Beta 1.35 | The cited five-year beta was above 1, consistent with wider market-sensitive moves than a lower-beta stock. |
| Invalidation | Close below $247 | A decisive break below the cited 50-day moving average would weaken the trend-following setup, and a close below $210 would put the longer trend in question. |
SNOW AI trading strategy
The SNOW AI trading strategy is a rules-based research framework, not personalized advice. Use it with position sizing, explicit loss limits, live-chart confirmation, and fresh checks of Snowflake filings, product revenue, RPO, retention, margins, cash flow, dilution, guidance, and AI-capability adoption.
Wait for SNOW to hold above the $275 to $280 planning zone and clear the $304 to $305 52-week-high area with volume that exceeds the cited 20-day average, while new results support product-revenue growth and margin progress.
A failed breakout or a decisive close below the $247 moving-average zone should invalidate the trend setup.
If SNOW pulls back without a business-thesis break, compare the price with product-revenue guidance, consumption commentary, RPO, net revenue retention, free cash flow, stock-based compensation, and the diluted-share count.
Do not average down unless maximum loss, position size, and a fundamental invalidation condition are set in advance.
Track AI-capability adoption, product revenue, large-customer growth, RPO, net revenue retention, AWS commitments, non-GAAP operating margin, free cash flow, convertible notes, and share repurchases.
Reduce confidence when the share price rises without matching consumption, retention, cash-flow, margin, or per-share progress.
Investment research summary
Customers pay Snowflake to store, process, govern, share, and apply AI to data across cloud environments. The value proposition is a common data layer that can reduce operational friction and make data products and AI workloads easier to deploy.
Snowflake benefits from cross-cloud deployment, data-sharing workflows, governance, partner integrations, developer tools, and embedded customer workloads. Its moat is real but not unchallenged because cloud platforms and Databricks can compete for the same budgets and data estates.
The thesis can fail if usage optimization returns, AI features increase cost faster than revenue, competitors bundle data and AI services, large customers slow expansion, stock-based compensation dilutes owners, or the multiple compresses before GAAP profitability arrives.
Management raised FY2027 product-revenue guidance after Q1 and is positioning Snowflake as a control plane for enterprise AI with launches such as Cortex AI Gateway. A CEO compensation plan of up to about $448 million tied to roughly doubling the market value raises the stakes, and the test remains whether AI products create repeatable consumption and operating leverage instead of a costly feature race.
Enterprise demand for governed data, analytics, applications, and AI agents is a long-term tailwind. The capture of that trend is competitive and uneven because customers can mix native cloud services, open formats, specialized data platforms, and internal tools.
At the July 31 close, Snowflake had a mechanically verified $101.65 billion market capitalization, no positive TTM GAAP PE, about 20.2x TTM sales, about 86.9x TTM free cash flow, and a forward PE near 138.5. The valuation leaves limited margin for a slowdown in consumption or a delay in profitability.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| SNOW price and market capitalization | $293.28 close and $101.65 billion market capitalization on July 31, 2026 | StockAnalysis market-cap and price data, sourced from S&P Global Market Intelligence; market cap verified as $293.28 x 346.60 million shares | August 1, 2026 |
| Q1 FY2027 results | $1.391 billion revenue, about $1.334 billion product revenue, about 34% product-revenue growth, $232.8 million free cash flow, and 126% net revenue retention | Snowflake Q1 FY2027 earnings release and SEC Form 8-K exhibit | August 1, 2026 |
| FY2027 product-revenue guidance | $5.840 billion, representing 31% year-over-year growth | Snowflake Q1 FY2027 earnings release | August 1, 2026 |
| TTM financials ending April 30, 2026 | $5.033 billion revenue (up 31.1%), $3.379 billion gross profit (67.2% gross margin), $1.197 billion GAAP net loss, and $1.170 billion free cash flow | StockAnalysis financial statements, sourced from Fiscal.ai and S&P Global Market Intelligence | August 1, 2026 |
| FY2026 revenue and GAAP net loss | $4.684 billion revenue and about $1.33 billion GAAP net loss, cross-validated against the company annual filing and StockAnalysis | Snowflake FY2026 Form 10-K and StockAnalysis financial statements | August 1, 2026 |
| Balance sheet at April 30, 2026 | $2.955 billion cash and short-term investments, about $2.77 billion total debt, and about $1.62 billion net cash position | StockAnalysis statistics and financial statements, sourced from S&P Global Market Intelligence and Fiscal.ai | August 1, 2026 |
| Analyst consensus and price targets | Strong Buy from 51 analysts, average price target $298.23, with targets ranging from $110 to $500 | StockAnalysis forecast page, sourced from S&P Global Market Intelligence and TipRanks | August 1, 2026 |
| Technical indicators and valuation ratios | 50-day average $247.56, 200-day average $210.52, RSI 69.54, 20-day volume 4.50 million, PS ratio 20.20, P/FCF 86.90, and forward PE 138.52 | StockAnalysis statistics table, sourced from S&P Global Market Intelligence | August 1, 2026 |
This SNOW AI stock analysis is an informational tool only and is not investment advice, a recommendation, or a guarantee of future returns. Forecast ranges are scenario outputs based on available data as of the cutoff date and can be wrong if fundamentals, valuation multiples, technical conditions, competition, regulation, or market liquidity change.
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