Morgan Stanley Raised The PT on Snowflake Inc. (SNOW), Maintains a Buy Rating

Snowflake Inc. (NYSE:SNOW) is one of the 11 Unstoppable Tech Stocks to Invest inOn June 24, analyst Sanjit Singh from Morgan Stanley raised the price target on Snowflake Inc. (NYSE:SNOW) from $220 to $262, while maintaining a Buy rating on the stock. The improved outlook is based on the company’s performance under CEO Sridhar Ramaswamy.

Analyst Singh noted that Snowflake Inc. (NYSE:SNOW) has improved its execution across sales, go-to-market strategies, and product engineering, which has stabilized the company’s product revenue growth to a high 20% range. Moreover, the has also enhanced its innovation across various high-growth sectors including cloud data warehousing, data engineering, and AI/ML platforms.

Morgan Stanley Raised The PT on Snowflake Inc. (SNOW), Maintains a Buy Rating

A software engineer at work, surrounded by a wall of computer monitors connected to a ‘Data Cloud’ platform.

Singh projects durable growth exceeding 20% annually through 2030, supported by expanding operating margins and a clear strategy to tap into a $300+ billion market opportunity. During the fiscal first quarter of 2026, Snowflake Inc. (NYSE:SNOW) grew its product revenue by 26% year-over-year to reach $996.8 million. The company also maintained a net revenue retention rate of 124%. Looking ahead, management anticipates second-quarter revenue between $1.035 billion to $1.040 billion, indicating 25% growth.

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