DA Davidson Raises Snowflake Price Target to $300 Ahead of Earnings

On December 1, 2026, DA Davidson increased its price target for Snowflake Inc. (NYSE:SNOW) to $300 from $275, while also maintaining a “Buy” rating for the stock. This adjustment reflects the firm’s optimism regarding Snowflake’s performance ahead of its anticipated third-quarter earnings report.

DA Davidson’s analysis highlights Salesforce as a standout story within the software sector, and the firm has noted positive trends across Snowflake’s product offerings. Conversations with key stakeholders, including The Den, along with insights from DaVinci Developer Data, suggest robust growth, particularly within Snowflake’s core data warehouse solutions.

Upcoming Earnings Report to Provide Insights

The upcoming earnings report, scheduled for December 3, 2026, is expected to yield deeper insights into Snowflake’s operational performance and market position. According to DA Davidson, “This past quarter, we’re observing strength across Snowflake’s products supported by the conversations we’ve held with The Den, along with our DaVinci Developer Data that’s indicating significantly accelerating growth.”

The firm remains confident in Snowflake’s potential, reiterating its belief that the company represents one of the most compelling narratives in the software industry. The raised price target indicates DA Davidson’s assessment of the stock’s future value based on both market conditions and the company’s strategic direction.

Market Context for AI Stocks

Snowflake is positioned within a rapidly evolving landscape of AI stocks, which have garnered significant attention from investors. As a cloud-based data storage company, Snowflake provides a platform for data analysis, storage, and sharing that is increasingly relevant in today’s data-driven economy.

While acknowledging the inherent risks associated with investing in Snowflake, DA Davidson expresses a strong conviction in the long-term potential of select AI stocks. The firm suggests that some AI investments may yield higher returns in a shorter timeframe compared to others, enhancing the appeal of Snowflake as a candidate for those looking to capitalize on the AI boom.

As investors prepare for the forthcoming earnings announcement, the focus remains on how Snowflake will articulate its growth strategy and performance metrics. Insights from this report will be crucial for stakeholders and analysts who are closely monitoring trends within the software and AI sectors.

In summary, with DA Davidson’s upgraded price target and positive outlook, Snowflake Inc. continues to be a focal point for investors interested in the intersection of technology and data management. The forthcoming earnings report promises to provide valuable information that could shape market perceptions moving forward.