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Barchart
Barchart
Wajeeh Khan

Snowflake Stock Just Scored a New 'Buy' Rating. Here's Why.

SNOW Snowflake Barchart

Snowflake (SNOW) stock is in the spotlight on Sept. 28 after PhilipCapital initiated coverage on the cloud data platform company with a “Buy” rating. Analyst Alif Fahmi assigned a bullish $423 price target on SNOW this morning, signaling potential upside of about 30% through the next 12 months.

His research note is particularly significant as Snowflake shares have already been in a huge uptrend, currently up more than 50% versus the start of 2026.

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