Snowflake Inc. (NYSE:SNOW) is set to announce its third-quarter earnings results after the market closes on Wednesday, December 3. The Bozeman, Montana-based company is anticipated to report earnings of 31 cents per share, a notable increase from 20 cents per share during the same quarter last year. Furthermore, analysts project the company’s revenue to reach $1.18 billion, significantly up from $942.09 million in the same quarter of the previous year, as reported by Benzinga Pro.
In a strategic move to enhance its platform capabilities, Snowflake recently confirmed a definitive agreement to acquire Select Star and its proprietary technology. This acquisition is expected to further strengthen Snowflake’s position in the data cloud space.
Following this announcement, shares of Snowflake experienced a rise of 3.1%, closing at $259.68 on Tuesday, reflecting investor confidence in the company’s growth trajectory.
Looking at the analyst landscape, several top analysts have shown strong support for Snowflake’s stock. For instance, Rosenblatt analyst Blair Abernethy retained a Buy rating while elevating the price target from $250 to $275 on December 1, 2025. Citigroup’s Tyler Radke also maintained a Buy rating, increasing the price target from $275 to $310 on November 26, 2025.
Moreover, Mizuho’s Gregg Moskowitz upheld an Outperform rating, raising the price target from $260 to $285 on November 17, 2025. B of A Securities analyst Bradley Sills and BTIG’s Gray Powell also retained a Buy rating, with their price targets adjusted upwards from $280 to $310 and from $276 to $312, respectively, during mid-November.
With a consensus of positive ratings from analysts, Snowflake continues to be viewed as a promising investment opportunity as it approaches its earnings announcement and navigates its latest acquisition.