Snowflake trades on the New York Stock Exchange under the ticker SNOW. At the moment, shares are moving around $225–227, giving the company a market value of about $75–77 billion. Analysts remain broadly positive: the average 12-month price target sits near $263, with some expecting as high as $440 and others as low as $170.
Market Picture and Technical Signals
On the charts, the stock looks healthy. It’s trading above its short- and mid-term moving averages, which supports the idea of continued strength. Momentum tools like RSI are edging toward slightly overbought, while MACD has turned bullish. Overall, signals lean toward more upside, though small pullbacks should be expected.
Smart Money Flow
After recent earnings, institutional buyers appear to be stepping in. Zones around $200–210 have acted as strong support, while deeper support sits at $160–180. On the upside, a breakout above $250 could open the door for sharper moves.
Patterns on the Chart
The stock recently broke out of a multi-week base, which often signals the start of a bigger leg higher. Key levels to watch:
Resistance: $249–260
Support: $200–210 (near-term), $160–180 (stronger)
Elliott Wave View
Current price action looks like part of a larger bullish cycle, with room for further advances after a corrective pullback. The bullish scenario is more likely given the backdrop of strong fundamentals, though a deeper correction remains possible if momentum fades.
Business Fundamentals
Snowflake is still growing revenue at a fast pace and has beaten expectations in recent quarters. Profitability remains negative on paper, but cash flow and gross margins are strong.
Key positives include the company’s positioning in AI data workloads and new partnerships like the one with Anthropic. Risks include its high valuation, stiff competition from giants like Amazon and Microsoft, and the potential impact of broad tech sell-offs.
Scenarios for the Next Year
Base case (60% chance): gradual climb toward $260 over the next 3–6 months, with dips to $200–210 along the way.
Bull case (20%): breakout above $260 could lead to $320–440.
Bear case (20%): disappointment in tech markets could drag it back to $160–180.
Trading and Investing Strategies
Swing Trade (preferred approach):
Entry: around $205 after a pullback and bounce.
Stop: $193.
Targets: $250, then $285–300.
Breakout Trade (aggressive):
Entry: buy only if it closes above $250 with strong volume.
Stop: $230.
Targets: $300, then potentially $360–440.
Long-Term Investor:
Accumulate on dips below $210, ideally in the $180–210 range.
Reassess if it falls under $160.
Bottom Line
Snowflake is still a growth-at-scale story. The technicals favor more upside, institutions are buying dips, and the business case is tied strongly to the rising demand for AI and data platforms. Traders may find better opportunities by waiting for pullbacks or confirmed breakouts, while long-term investors can use weakness to build positions gradually.
