{
  "id": 8364878,
  "title": "Snowflake (SNOW): Eight Firms Raised Targets. Nobody Wants to Talk About the Multiple",
  "url": "https://urgent.news/2026/09/17/snowflake-snow-eight-firms-raised-targets-nobody-wants-to-talk-about",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T20:54:44.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/snowflake-snow-eight-firms-raised-205444653.html"
  },
  "original_language": "en",
  "account": "On September 2, 2026, Snowflake Inc. reported stronger-than-expected second-quarter fiscal 2027 results, with revenue up 35% to $1.55 billion. Management raised full-year product revenue guidance to $6.07 billion from $5.84 billion. Eight firms quickly revised their targets, with Goldman Sachs raising its price target to $436 from $300, noting product revenue surpassed the Street by 5% and EBIT margins were 270 basis points ahead. JPMorgan and Raymond James also raised their targets to $426 and $425 respectively, highlighting the company's AI-native control plane for enterprise workflows. Net revenue retention remained at 126%, and Snowflake added 692 net new customers. Despite the strong performance, the stock trades at a high valuation of 166.67 times forward earnings, leaving little room for absorption of potential soft quarters.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}