• Earlier this month, Snowflake Inc. launched extensive upgrades to Snowflake Intelligence and Cortex Code, aiming to act as a unified control plane connecting enterprise data, AI models, and everyday tools such as Gmail, Salesforce, and Slack.
• By positioning Snowflake Intelligence as a personalized work agent and expanding Cortex Code into a broader development platform, Snowflake is pushing deeper into AI-powered automation across both business and technical workflows.
• Now we’ll explore how Snowflake’s push into AI-driven workflow automation and agentic capabilities could influence the company’s broader investment narrative.

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Snowflake Investment Narrative Recap

To own Snowflake, you need to believe it can evolve from a data warehouse into a core AI and automation layer inside large enterprises, while eventually improving its sizeable losses. The latest Snowflake Intelligence and Cortex Code updates reinforce that ambition, but they do not remove the near term risk that AI native competitors and hyperscalers could pressure usage growth and pricing, especially as some analysts already flag mixed trends and shifting IT budgets.

Among recent announcements, the expansion of Cortex Code across external systems like AWS Glue, Databricks, and Postgres feels most relevant. It ties directly into the idea that Snowflake must sit in the middle of heterogeneous data and AI stacks for its AI agents and automation tools to matter, which is also central to the bullish catalyst of enterprises standardizing more workloads on Snowflake’s platform over time.

Yet behind this AI push, one issue investors should be aware of is Snowflake’s growing dependence on hyperscalers and how that could eventually affect...

Snowflake's narrative projects $9.0 billion revenue and $690.5 million earnings by 2029. This requires 24.5% yearly revenue growth and an earnings increase of about $2.0 billion from -$1.3 billion today.

Uncover how Snowflake's forecasts yield a $236.61 fair value, a 64% upside to its current price.

Exploring Other Perspectives

Some analysts see a far more optimistic path, with bullish forecasts once assuming Snowflake could reach about US$10.1 billion in revenue and US$825.7 million in earnings, yet the new AI agent push and hyperscaler exposure may prompt you to rethink how confident you are in that kind of outcome and compare very different viewpoints on the stock.

Explore 14 other fair value estimates on Snowflake - why the stock might be worth 45% less than the current price!

The Verdict Is Yours

Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

• A great starting point for your Snowflake research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Snowflake research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Snowflake's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.