What does Raymond James maintaining Outperform mean for the SNOW analyst rating?

Maintaining Outperform means Raymond James expects SNOW to outperform peers over 12 months. It signals continued conviction in growth drivers, especially AI consumption, without changing short-term price targets.

Did Raymond James set a new SNOW price target with this rating change?

No. Raymond James did not publish a new SNOW price target on February 02, 2026. The firm reiterated Outperform and highlighted the OpenAI pact as a growth catalyst.

How should investors interpret the SNOW analyst rating and the stock drop?

The negative intraday move of -1.24% reflects headline reaction and profit-taking. The maintained SNOW analyst rating shows continued analyst support, so investors should focus on fundamentals and upcoming earnings.

How reliable is the SNOW analyst rating for making investment decisions?

Analyst ratings are one input. Use the SNOW analyst rating with valuation review, execution metrics, and risk tolerance. Meyka AI grade B+ can help contextualize analyst consensus and sector comparison.

Analyst Ratings

Raymond James Maintained Outperform for SNOW (Snowflake Inc.) Feb 02, 2026

ByDanny Kontos February 3, 2026February 3, 2026

Raymond James maintained an Outperform on Snowflake Inc. (SNOW) on February 02, 2026, citing the company’s pact with OpenAI as a demand driver for AI consumption. The update keeps the broker’s positive stance but did not add a new price target. The news coincided with a -1.24% (-$2.4) intraday move. This SNOW analyst rating note keeps the stock in focus for growth and AI adoption investors.