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Nauman Khan

Oppenheimer Just Gave Snowflake Stock a Big Vote of Confidence

Oppenheimer Snowflake SNOW COCO

Snowflake (SNOW) stock has already delivered a powerful rally in 2026, but Oppenheimer believes the data cloud company still has plenty of room to run. The firm raised its price target to $400 from $295 while maintaining an “Outperform” rating, representing a roughly 36% increase in its target.

The bullish call comes as Oppenheimer sees stronger consumption trends across regions and industries, along with accelerating adoption of Snowflake's AI coding agent, CoCo. For a company whose revenue depends heavily on how much customers use its platform, that is an important development.

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