Is Snowflake Stock (SNOW) a Good Buy Now? Here's Why AI Analysts Are Split

Shares in Snowflake (SNOW), the cloud-based data platform provider, have climbed by roughly 54% year-to-date. SNOW stock also rallied by 16.55% on September 3 after the company reported solid fiscal Q2 2027 earnings. Yet TipRanks' AI analysts—based on various AI models—have two Buy and four Hold ratings. The bullish analysts pointed to its fiscal 2027 guidance raise, but the cautious ones flag continued GAAP losses. This refers to losses under standard accounting rules. How Snowflake Performed in Fiscal Q2 2027 During the quarter that ended on July 31, Snowflake reported revenue of $1.55 billion, up by 35% from last year. Adjusted earnings per share rose 77% year-over-year to $0.62. Snowflake also reported product revenue up by 37% from last year to $1.49 billion. Demand for the company's cloud data warehousing products, including its Coco AI data coding agent, fueled growth. Notably, Snowflake posted a GAAP net loss of $191.7 million. This improved from a net loss of $297 million during the same period in the previous fiscal year. Why Some AI Analysts Remain on the Sidelines To start with, cautious AI analysts point to Snowflake's GAAP losses despite its improved sales outlook. For instance, the analyst based on OpenAI-GPT-5.6Sol has a Neutral rating on SNOW stock. The analyst has a score of 68 out of 100. Its $368 price target implies about 9% upside. Beyond continued GAAP losses, the analyst points to Snowflake's higher debt than in previous years. It also sees limited room for market value to improve due to Snowflake's negative price-to-earnings ratio. Why Other AI Analysts Are Bullish Meanwhile, Bullish AI analysts point to Snowflake's rapidly growing revenue, cash flow, and supportive technical indicators. For instance, the model based on Anthropic's Opus5 shares this view. The AI analyst ranks SNOW stock 71/100. Its $373 price target also implies about 11% upside. Is Snowflake Stock a Good Buy Now? On Wall Street, human analysts have a Strong Buy consensus rating on Snowflake's shares. This is based on 32 Buys and three Holds issued by 35 analysts over the past three months. In addition, the average SNOW price target of $435 implies about 29% upside (see SNOW stock forecast here). Disclaimer & DisclosureReport an Issue