Snowflake (NYSE:SNOW | SNOW Price Prediction) has been one of 2026’s most violent round trips, plunging to $144.48 in April before ripping back above $230. The question on every shareholder’s mind is whether the AI data cloud narrative can carry shares to $300 this year. Our model says the path is real, but not quite there in 12 months.
Our 24/7 Wall St. price target for Snowflake is $262.17, implying 13.78% upside from $230.41. We rate the stock a buy with high (90%) confidence.
24/7 Wall St. Price Target Summary
| Metric | Value |
|---|---|
| Current Price | $230.41 |
| 24/7 Wall St. Price Target | $262.17 |
| Upside | 13.78% |
| Recommendation | BUY |
| Confidence Level | 90% |
From $144 to $230: A Violent Recovery
Snowflake is up 33.8% over the past month and 5.04% year to date, sitting 2% below its 52-week high of $284.99.
The fuel was a blowout Q1 FY27 earnings report on May 27, 2026: revenue of $1.39 billion grew 33.5% YoY, beating estimates by 5.13%, while non-GAAP EPS of $0.39 beat by 21.95%. Management raised full-year product revenue guidance to $5.84 billion (31% growth) and lifted non-GAAP operating margin guidance to 13.5%.
The deal flow is equally aggressive: a new $6 billion multi-year AWS collaboration, a deepened OpenAI partnership, the Natoma acquisition for AI agent infrastructure, and SAP integration now in general availability.
The Case for $306 and Beyond
Bulls have a clean story. RPO of $9.21 billion grew 38% YoY, net revenue retention sits at 126%, and 13,600+ accounts are now using Snowflake AI. CEO Sridhar Ramaswamy framed Q1 as “a clear inflection point” as Snowflake becomes “the control plane for the Agentic Enterprise.”
Our bull case projects $306.45 by June 2027, a 33% gain. Wedbush, Morgan Stanley, and others sit in the $291.70 consensus with 9 Strong Buy and 35 Buy ratings.
What Could Go Wrong
The bear case is valuation. Snowflake trades at 15.6x trailing sales and 118x forward earnings while still posting GAAP losses (-$326 million operating loss in Q1). Insider activity skews to net selling across 101 recent transactions, and stock-based compensation remains elevated.
Our bear case projects $215.46, a 6.49% decline. Counterpoint: the GAAP losses largely reflect SBC, and the consumption model that creates revenue variability is the same model producing $232.8 million in quarterly free cash flow.
Snowflake Price Prediction 2026-2030
The 24/7 Wall St. price target of $262.17 says yes to buy but no to $300 in 12 months. Reaching $300 requires the bull scenario, which our model gives meaningful but not majority weight. T
he setup looks constructive if Q2 product revenue lands above the $1.42 billion guide and AI account growth keeps compounding. The thesis weakens if NRR slips below 120% or operating margin guidance gets walked back. The risk/reward favors patient accumulation.
| Year | 24/7 Wall St. Price Target |
|---|---|
| 2026 | $262 |
| 2027 | $290 |
| 2028 | $315 |
| 2029 | $335 |
| 2030 | $355 |
These projections assume Snowflake sustains 25%+ product revenue growth and continues margin expansion. Significant upside could come from agentic AI monetization; downside risk centers on consumption optimization by enterprise customers.
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