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Snowflake Stock Hits 52-Week Highs on Revenue Forecast
SNOWSnowflake(SNOW) Schaeffers Investment Research·2025-05-22 23:12

Cloud stock Snowflake Inc (NYSE:SNOW) is jumping to 52-week highs, up 10.7% at 198.28atlastglance,afterthecompanyhikeditsfullyearproductrevenueforecast.Firstquarterearningsbeatestimates,andrevenuecameinlinewithexpectations,withnofewerthan20analystsliftingtheirpricetargetsaftertheevent. SNOWhasbeenonatear,closingonlytwosessionslowersincethestartofMaybothearlierthisweek.Thesecurityhadbeenstallingatthe198.28 at last glance, after the company hiked its full-year product revenue forecast. First-quarter earnings beat estimates, and revenue came in line with expectations, with no fewer than 20 analysts lifting their price targets after the event. SNOW has been on a tear, closing only two sessions lower since the start of May -- both earlier this week. The security had been stalling at the 84 region prior to today's breakout, but ...