TLDR Snowflake Q1 FY2027 product revenue hit $1.334 billion, up 33.9% year-over-year, beating estimates by 5.3% AI product Cortex Code (CoCo) scaled to over 7,100TLDR Snowflake Q1 FY2027 product revenue hit $1.334 billion, up 33.9% year-over-year, beating estimates by 5.3% AI product Cortex Code (CoCo) scaled to over 7,100

Snowflake (SNOW) Stock Surges After Blowout Earnings and AI Momentum

저자: Coincentral

출처: Coincentral

2026/05/30 01:03

3분 읽기

AI$0.02481-0.99%

COCO$0.2246-0.57%

이 콘텐츠에 대한 의견이나 우려 사항이 있으시면 crypto.news@mexc.com으로 연락주시기 바랍니다

TLDR

Snowflake Q1 FY2027 product revenue hit $1.334 billion, up 33.9% year-over-year, beating estimates by 5.3%
AI product Cortex Code (CoCo) scaled to over 7,100 accounts since February 2026 and is the biggest driver of upgraded guidance
HSBC upgraded SNOW to Buy and raised its price target from $176 to $289
Multiple analysts raised price targets, with Monness, Crespi, Hardt setting the highest at $320
Snowflake expanded partnerships with AWS and OpenAI and announced plans to acquire AI firm Natoma

Snowflake (SNOW) stock jumped roughly 3.6% to around $239.20 after the company posted first-quarter fiscal 2027 results that beat Wall Street expectations on both revenue and profit. The stock had already surged 39% in the past week heading into the report.

SNOW Stock Card
Snowflake Inc., SNOW

Q1 product revenue came in at $1.334 billion, up 33.9% year-over-year. That beat FactSet consensus by 5.3%. Operating income came in 35.2% above estimates.

Snowflake also raised its full-year guidance, and bumped operating margin guidance by 100 basis points. Product gross margin guidance for FY2027 remains at 75%.

The results were driven in large part by strong demand for Snowflake’s AI products, especially Cortex Code, branded internally as CoCo. The tool reached general availability in February 2026 and has since scaled to more than 7,100 customer accounts.

Management called CoCo the single largest driver behind the FY2027 guidance upgrade. That’s a fast ramp for a product less than six months into wide availability.

Core data platform consumption also picked up speed. Customers are moving workloads onto Snowflake faster to support governed AI use cases, which is accelerating both direct AI revenue and base platform usage at the same time.

Analyst Upgrades Roll In

HSBC made the most eye-catching move, upgrading SNOW from Hold to Buy and lifting its price target from $176 to $289. Analyst Stephen Bersey said CoCo represents the clearest sign yet of Snowflake’s ability to monetize AI.

Monness, Crespi, Hardt went further, setting a target of $320. Benchmark raised to $270, citing record sequential dollar growth. Cantor Fitzgerald landed at $282. Truist Securities set $275, and Freedom Broker went to $300.

That’s a broad sweep of upgrades in a short window. Wall Street is clearly resetting its view on Snowflake’s growth trajectory.

Partnerships and Acquisition

Snowflake also announced expanded partnerships with AWS and OpenAI, deepening its position in the enterprise AI stack. The company separately confirmed plans to acquire Natoma, an AI startup, though terms were not disclosed.

These moves extend Snowflake’s reach across the AI ecosystem — both in cloud infrastructure and in applied AI tooling.

Management did flag risks on the call. Rising AI costs and execution challenges around scaling new products were called out as areas to watch.

Snowflake remains unprofitable on a trailing twelve-month basis. However, analysts now forecast the company to reach profitability this year, with EPS estimates sitting at $2.83 for FY2027.

InvestingPro flagged the stock as potentially overvalued at current levels, even after accounting for the strong earnings beat and raised guidance.

The stock’s year-to-date gain stands at 9.04%, with a market cap of approximately $60.75 billion as of the latest data.

The post Snowflake (SNOW) Stock Surges After Blowout Earnings and AI Momentum appeared first on CoinCentral.

시장 기회

Gensyn 가격(AI)

$0.02481

$0.02481$0.02481

+1.01%

USD

Gensyn (AI) 실시간 가격 차트

World Cup Combo: Aim for 200x

Combine up to 20 World Cup matches in one order

면책 조항: 본 사이트에 재게시된 글들은 공개 플랫폼에서 가져온 것으로 정보 제공 목적으로만 제공됩니다. 이는 반드시 MEXC의 견해를 반영하는 것은 아닙니다. 모든 권리는 원저자에게 있습니다. 제3자의 권리를 침해하는 콘텐츠가 있다고 판단될 경우, crypto.news@mexc.com으로 연락하여 삭제 요청을 해주시기 바랍니다. MEXC는 콘텐츠의 정확성, 완전성 또는 시의적절성에 대해 어떠한 보증도 하지 않으며, 제공된 정보에 기반하여 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다. 본 콘텐츠는 금융, 법률 또는 기타 전문적인 조언을 구성하지 않으며, MEXC의 추천이나 보증으로 간주되어서는 안 됩니다.