Sumary of Snowflake Is a Growth Juggernaut. Wall Street Is Thinking About Stock Value.:
- In meeting with analysts on Thursday, the cloud-data software company provided an ambitious goal of reaching $10 billion in product revenue in the January 2029 fiscal year..
- Canaccord Genuity analyst David Hynes notes that if Snowflake hits its $10 billion target, it would be the fastest that a software company has reached that size..
- Likewise, Morgan Stanley analyst Keith Weiss writes in a research note that given the 120% product growth in fiscal 2021, the $10 billion target might be conservative…