Goldman Sachs sharply raises Snowflake price target after 37% post-earnings stock surge
By
Mwangi Enos
1d ago· 5 min readenInsight
100/100
Golden Brown
Bagelometer↗
A baker's-dozen of insight crammed into one ring.
Score100TypeanalysisSentimentpositive
Summary
Goldman Sachs dramatically raised its Snowflake (SNOW) stock price target for 2026 after the company's earnings report caused a 37% single-session surge. The stock had previously fallen 50% from early January to early April 2026, caught between a decelerating core business and a delayed AI narrative. The analyst note was shared with TheStreet, highlighting the dramatic turnaround in sentiment.
Key quotes
· 3 pulledGoldman Sachs responded with one of its most dramatic price target increases on a major software stock this year
Snowflake was caught between a decelerating core business and an AI narrative that kept getting pushed further into the future
The stock jumped 37% in a single session
In February and March 2026, Snowflake was the stock Wall Street couldn't quite figure out.
