A fast-growing business doesn't always make a great stock.Snowflake (SNOW -3.24%) delivered a cleaner, stronger quarter. The artificial intelligence (AI) data cloud company's fiscal second-quarter product revenue rose 32% year over year to $1.09 billion, net revenue retention (NRR) ticked up to 125%, and large-customer metrics improved. Guidance moved higher, too. These are the right kinds of signals when investors are looking for confirmation that the company's extraordinary growth story remains intact.The ...

股价表现与市场背景 - Snowflake股价因AI热潮推动而大幅上涨 年内累计涨幅达26% [1] - 尽管当日微跌0.3%至192.05美元 但年内强劲表现凸显市场认可度 [6] - 大型科技公司包括Meta、微软和谷歌加大AI投资 为行业增长创造有利环境 [2] 业务驱动因素 - 公司核心产品Cortex AI和Snowpark形成强劲增长动力 [1] - 客户调查显示未来12个月支出计划增加12% 较上年显著加速 [6] - AI相关工作量需求上升推动产品收入预期超指引 二季度预计达10.64亿美元(超指引2.5%) [5] 财务预测与估值 - 美银证券将目标价从220美元上调至240美元 评级从中性升至买入 [3] - 2026年预期每股收益上调至0.95美元(原0.93) 2027年1.17美元(原1.14) 2028年1.52美元(原1.48) [5] - 当前股价以1.5倍2026年预期自由现金流倍数交易 较大型同业1.6倍更具估值吸引力 [4] 分析师观点 - 美银证券基于三个专有数据源确认需求加速趋势 [4] - 尽管股价年增47% 但增长调整后估值仍属合理 [4] - 对AI驱动势头的持续性抱有更高信心 [3]

The data cloud company's ambitious plan to integrate artificial intelligence into its products is hurting Snowflake's bottom line.An investment in growth stock Snowflake (SNOW 13.36%) is a bet that the company can achieve impressive economies of scale as it grows. Today, the company regularly reports big losses. But investors hope that losses will shrink both in absolute terms and as a percentage of sales over time. Looking even further out, Snowflake bulls are betting that losses will eventually swing to s ...