Snowflake has been trading within a wide range between 108 and 240 over the past three years. During this period, revenue growth has remained steady, but operating and R&D expenses have consistently increased. This is a company that prioritizes growth and invests heavily in research, expanding its product offerings and business relationships.
However, the recent downturn, driven by tariffs and the broader selloff in AI and cloud-related stocks has exposed Snowflake's vulnerabilities.
The company reports reflect this caution. Recently, SNOW has received both downgrades and buy signals, highlighting analyst and market indecision. In such an environment, the stock’s performance will likely lean heavily on broader index movement. With a beta above 1.5, SNOW is expected to react more sharply to market swings. The consensus 12 month target still shows 38% upward potential.
Currently, Snowflake is finding support at the 200-day simple moving average. If the market manages to weather the impact of the April 2 tariffs and potential countermeasures, SNOW could stage a solid rebound. On the downside, the 130–135 zone stands out as a key support area just below the moving average.
However, the recent downturn, driven by tariffs and the broader selloff in AI and cloud-related stocks has exposed Snowflake's vulnerabilities.
The company reports reflect this caution. Recently, SNOW has received both downgrades and buy signals, highlighting analyst and market indecision. In such an environment, the stock’s performance will likely lean heavily on broader index movement. With a beta above 1.5, SNOW is expected to react more sharply to market swings. The consensus 12 month target still shows 38% upward potential.
Currently, Snowflake is finding support at the 200-day simple moving average. If the market manages to weather the impact of the April 2 tariffs and potential countermeasures, SNOW could stage a solid rebound. On the downside, the 130–135 zone stands out as a key support area just below the moving average.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.