Snowflake (SNOW) reaches $334.70, a new 52-week high
As seen on the 24/7 Wall St. homepage on August 10, 2026.
Snowflake just set a fresh 52-week high at $334.70, roughly 2.5 times its April low near $135. At a $116 billion market cap, there is no cheap entry left.
Continue ReadingShow less
Snowflake's stock reached $334.70 on August 10, topping its prior 52-week high by about 1.3% and marking a remarkable recovery from a low near $135 in April. That April trough now sits roughly 2.5 times below the current price, a swing that compressed into just a few months and caught many cautious observers off guard. The stock's trajectory since May has been nearly unbroken to the upside, accelerating sharply in late July and early August.
At $334.70, Snowflake carries a market cap of around $116 billion, a figure that leaves little room for valuation comfort for new buyers. Investors weighing an entry here are doing so at the top of the 52-week range rather than anywhere near the discounted levels that prevailed through the spring. The speed of the run from the April lows means the stock has already priced in a significant amount of optimism.
Sponsored
Twelve Tabs, One Thesis
Your Research Resets Every Morning
The quote page in one tab. Filings in another. A chart you rebuilt from scratch, a transcript you never went back and found, a screener whose settings you will redo next week. Nothing you built yesterday is still there.
AlphaSpace replaces all of it with one screen you arrange yourself. Earnings calendar, estimate versus actual, the call transcript, live news, your own charts, every panel wired to whatever ticker you click. Close the browser and it is all still sitting there tomorrow.
See What a Built View Looks Like →
(Sponsor)
What to watch now is whether SNOW can hold above its prior 52-week high or whether the breakout fades into a routine retest of lower levels. Stocks that set fresh annual highs on strong momentum sometimes extend the move, but a $116 billion market cap demands that the business continue to grow into its valuation. Any sign of slowing in that growth story could put the recent gains under pressure quickly.
Sources
Mentioned: SNOW