News · Yahoo Finance

How Low Can Snowflake Stock Go?

Snowflake (SNOW) stock returned 131.9% over the six months to October 23, 2026, ahead of the S&P 500's 7.0%, but closed that day 11.8% below its October 9 high. Across five market shocks, the stock fell 30.8% on average, versus 13.4% for the S&P 500. Revenue for the twelve months to July 31, 2026 reached $5.4 billion, up 32.0%, and free cash flow hit $1.19 billion, while debt rose to $2.76 billion from $313 million two years earlier. On September 28, 2026, Snowflake announced convertible notes that pay no interest, priced at an upsized $3.75 billion, and lowered its fiscal 2027 product gross margin forecast to 74% from 75%, citing a higher mix of lower-margin AI workloads.

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