Movement Alert｜Snowflake Rises 3.55% in Regular Trading, Databricks Valuation Surge Triggers AI Data Platform Sector Revaluation

Market Focus

Jul 27

On July 27, Snowflake rose 3.55% in regular trading, trading at $275.17/share, with turnover of $45.67 million. The stock gained momentum as multiple investment banks raised their price targets amid a broader revaluation of AI data platform companies.

On the news front, competitor Databricks recently completed a $3 billion strategic financing round at a valuation of $188 billion, prompting analysts to reassess peer valuations across the sector. Jefferies noted that Databricks' valuation surge implies Snowflake could rally an additional 14%. RBC Capital Markets raised its price target from $284 to $313, maintaining an Outperform rating, while Deutsche Bank and UBS lifted their targets to $300 and $370, respectively. Snowflake currently trades at approximately 18 times forward sales, with the analyst consensus target at roughly $299.73.

Additionally, RBC highlighted Snowflake CEO Sridhar Ramaswamy's 1 million-share performance stock unit award as reinforcing confidence in the company's AI-driven growth strategy. Oppenheimer also maintained an Outperform rating, citing Snowflake's competitive edge in production-grade agentic AI at scale.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNOW","symbol_name":"Snowflake","start_time":0,"source_url":"","article_id":"1127049938","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1127049938","pubTimestamp":1785159215,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On July 27, Snowflake rose 3.55% in regular trading, trading at $275.17/share, with turnover of $45.67 million. 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RBC Capital Markets raised its price target from $284 to $313, maintaining an Outperform rating, while Deutsche Bank and UBS lifted their targets to $300 and $370, respectively. Snowflake currently trades at approximately 18 times forward sales, with the analyst consensus target at roughly $299.73.Additionally, RBC highlighted Snowflake CEO Sridhar Ramaswamy's 1 million-share performance stock unit award as reinforcing confidence in the company's AI-driven growth strategy. Oppenheimer also maintained an Outperform rating, citing Snowflake's competitive edge in production-grade agentic AI at scale.(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. 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