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Source document· June 9, 2026

Snowflake stock gets a bold AI call from Wall Street

Snowflake stock gets a bold AI call from Wall Street Snowflake (SNOW) wants to convince Wall Street its next act is larger than cloud data storage…

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Snowflake has 779 clients with trailing 12-month product revenue greater than $1 million
60% confidence
Snowflake's full-year fiscal 2027 product revenue is projected at $5.84 billion, representing 31% growth
60% confidence
Snowflake has a Buy rating with a $300 price target, implying approximately 22.5% upside from the June 2 closing price of $244.82
60% confidence
Enterprises will need Snowflake's platform before AI can go from demos to the day-to-day activities of corporations
60% confidence
Snowflake aims to be seen by investors as one of the primary platforms big firms will use to organise, regulate and activate their data for AI agents
60% confidence
Snowflake struck a five-year, $6 billion deal with Amazon Web Services for AI infrastructure, Graviton processors, product integrations and business AI workload migrations
60% confidence

Snowflake Inc. · stock price	244.82 USD
Snowflake Inc. · backlog	9.21 USD