SNOW News Report — 2026-02-12

Overview

Sources Breakdown

Key Themes Today

1. Analyst Confidence and Revised Valuation

• Goldman Sachs analyst Kash Rangan maintained a "Buy" rating on Snowflake (NYSE:SNOW).
• Despite the maintained positive rating, Goldman Sachs lowered its price target for SNOW from $286 to $246.
• This indicates continued long-term confidence from a major analyst firm, but a recalibration of near-term valuation expectations.

2. Expanding Enterprise Customer Adoption and Operational Impact

• Wolfspeed, a global leader in silicon carbide technology, is expanding its use of Snowflake.
• The expansion is aimed at accelerating manufacturing efficiency and operational excellence for Wolfspeed.
• This demonstrates Snowflake's value proposition in supporting critical business operations and scaling production for existing enterprise clients.

Top Articles by Impact

Bullish

1. Wolfspeed Expands Use Of Snowflake For Production Efficiency, Operational Enhancement (Benzinga)
   • This matters as it signifies a key customer deepening its reliance on Snowflake for core operational improvements and growth, indicating strong product value.
2. Goldman Sachs Maintains Buy on Snowflake, Lowers Price Target to $246 (Benzinga)
   • The maintenance of a "Buy" rating by a prominent firm like Goldman Sachs signals continued long-term positive outlook despite a price target adjustment.

Bearish

• No significant bearish articles.

Risk Factors

• Analyst Price Target Reduction: Goldman Sachs lowered its price target for SNOW from $286 to $246, indicating a potential downward revision in valuation expectations by a major financial institution.

Cross-Source Consensus Signals

STRONG SIGNAL: Not applicable (only one source). MODERATE SIGNAL: Not applicable (only one source). WEAK SIGNAL: - Analyst Outlook on Valuation: Goldman Sachs' maintained "Buy" rating alongside a lowered price target ($286 to $246) suggests a nuanced, but still positive, outlook on SNOW's valuation. - Enterprise Customer Expansion: Wolfspeed's expanded use of Snowflake for manufacturing efficiency and operational excellence highlights Snowflake's continued success in securing deeper engagements with existing enterprise clients.

=== OVERALL SENTIMENT === BULLISH

=== ONE-LINE SUMMARY === Snowflake received positive news regarding a major customer, Wolfspeed, expanding its usage for operational efficiency, while Goldman Sachs maintained a "Buy" rating despite lowering its price target to $246.