Snowflake

SNOW

Market cap $88.6B

Snowflake (SNOW +7.02%) shares are soaring as the company is accelerating revenue growth.

Software stocks bounced this week on strong results from Snowflake and Okta, which both recorded their best days on record. The results signal that investors may have been too quick to declare the end of software with the emergence of artificial intelligence.

Shares of ServiceNow (NYSE:NOW | NOW Price Prediction) are up 14% in Friday trading, changing hands at roughly $124 after closing Thursday at $108.73.

Snowflake Inc. delivered strong Q1 results with 33% Y/Y revenue growth, reaccelerating product revenue, and a robust $9.21B backlog. SNOW raised fiscal 2027 product revenue guidance to $5.84B and highlighted AI features' growing contribution to consumption across 13,600+ accounts. Despite operational momentum, SNOW remains structurally challenged by high stock-based compensation, persistent GAAP losses, and reliance on hyperscaler infrastructure.

Shares of Palantir (NASDAQ:PLTR | PLTR Price Prediction) are up 9% in Friday morning trading, changing hands near $156.

Snowflake surged 35% after Q1 results and guidance beat expectations, returning shares to my initial buy zone. SNOW projects FY27 product revenue of $5.84B (+31% YoY) and improved non-GAAP operating margin to 13.5%. Valuation remains attractive: a 1% FCF yield on FY27 projections implies a $134B market cap, about 60% above current levels.

Snowflake Inc. (NYSE:SNOW) strengthened its position as an AI-driven software growth story after delivering stronger-than-expected first-quarter fiscal 2027 results, prompting BNP Paribas analyst Stefan Slowinski to raise his forecasts.

Snowflake lifts outlook as Snowflake Intelligence and Cortex Code adoption jumps, fueling its agent enterprise push beyond warehousing.

Snowflake jumped 36% after strong earnings, upbeat AI-driven guidance and a $6 billion AWS partnership boosted growth optimism.

Snowflake (NYSE:SNOW) stock is surging higher Thursday after the company beat analyst estimates for first-quarter revenue and earnings per share on Wednesday. Here's what leading analysts are saying after the report.