As Snowflake Inc. (NYSE: SNOW) navigates a volatile market in early 2026, investors are keenly eyeing its long-term potential in the AI-driven data cloud space. On January 23, 2026, 24/7 Wall St. released a report projecting Snowflake’s stock trajectory through 2030, amid recent monthly losses of 6.93% and broader sector challenges. With shares trading around $212-216, the report offers optimistic upside, forecasting a climb to $472.65 by 2030, implying over 123% gains from current levels. This comes against a backdrop of strong fundamentals, including explosive revenue growth from $264.75 million in 2020 to $2.81 billion in 2024 (a 961% increase), and consistent earnings beats.
Snowflake’s position in the burgeoning cloud computing market—projected to grow at a 21.2% CAGR globally through 2030—positions it for substantial gains. However, forecasts vary widely across analysts, with some predicting declines due to overvaluation concerns. In this detailed analysis, we’ll reference the 24/7 Wall St. report, examine key growth factors like AI agents and $2 billion AWS Marketplace sales, macroeconomic influences, timelines with expert predictions, and risk assessments. Drawing from diverse sources, this post provides a balanced outlook for investors considering SNOW’s trajectory. (For more on Snowflake’s Q3 FY26 earnings, see our internal link to Snowflake Revenue Breakdown).
Overview of the 24/7 Wall St. Report: Projections Amid Recent Losses
The January 23, 2026, 24/7 Wall St. report highlights Snowflake’s resilience despite a 6.93% monthly stock dip and a 46% drop from its all-time high in November 2021. It emphasizes the company’s pay-as-you-go model, scalability, and analytics prowess in a competitive landscape against Google BigQuery and Amazon Redshift. Analysts at 24/7 Wall St. project year-end targets based on revenue and EPS growth, assuming continued innovation in AI and cloud solutions.
Key highlights include:
- Strong analyst consensus: “Strong Buy” from 34 analysts, with a median one-year target of $284.35 (34.68% upside).
- Recent performance: Q3 FY25 revenue of $942.1 million (beating estimates) and EPS of $0.20.
- Long-term upside: Driven by a 127% net revenue retention rate and partnerships like NVIDIA for AI applications.
This report counters bearish views by focusing on Snowflake’s 493% free cash flow growth since 2020 and its role in hybrid/multi-cloud adoption.
Key Factors Driving Growth: AI Agents, Marketplace Sales, and Innovations
Snowflake’s future hinges on its AI integrations and ecosystem expansions. A major driver is the rise of AI agents, with Snowflake Intelligence enabling autonomous agents for workflows in sectors like life sciences and compliance. In Q3 FY26, AI influenced 50% of bookings, and features like Cortex AI for unstructured data processing are accelerating adoption. CEO Sridhar Ramaswamy predicts employee-driven AI tools will dominate by 2030, with customized models democratizing access.
Another catalyst is the $2 billion milestone in AWS Marketplace sales, doubling year-over-year, which facilitates enterprise onboarding and supports multi-cloud strategies. This aligns with acquisitions like Observe for observability, enhancing AI capabilities and potentially adding 15-20% to revenue through 2030.
Partnerships with NVIDIA and Anthropic further bolster AI offerings, tapping into a market where AI workloads drive higher consumption. Experts like those at TIKR note, “Snowflake’s AI-first database is a signal that AI-native platforms are the future.”
Macroeconomic Influences on Snowflake’s Trajectory
Macroeconomic factors will significantly impact Snowflake’s growth. Positive tailwinds include the U.S. cloud market’s $602.31 billion size in 2023, growing at 20.3% CAGR through 2030, fueled by AI and hybrid solutions. However, challenges like economic uncertainty, inflation, and tariffs (U.S. at 18.5%) could lead to enterprise spending caution, affecting consumption-based revenue.
Geopolitical tensions and potential AI hype cycles may cause volatility, as seen in recent software sell-offs. Forrester projects U.S. tech spending at $2.9 trillion in 2026 (8.3% growth), but software faces risks from disruptions. In a bull case, accelerating AI adoption could boost Snowflake’s 23-25% projected growth; in bears, slowdowns might cap it at 15-20%.
Timelines and Expert Predictions: Year-by-Year Outlook
Forecasts vary, but aggregating sources provides a comprehensive timeline. 24/7 Wall St. offers bullish targets, while others like CoinCodex are bearish.
| Year | 24/7 Wall St. Target (Upside %) | Average Analyst Target | Revenue Projection | EPS Projection |
|---|---|---|---|---|
| 2026 | $247.03 (17%) | $270.35 (avg. from Traders Union) | $4.424B | $0.99 |
| 2027 | $290.15 (37.42%) | $288.48 (consensus) | $5.409B | $1.44 |
| 2028 | $353.57 (67.46%) | $363 (TIKR bull case) | $6.944B | $2.71 |
| 2029 | $444.18 (110.38%) | $325-400 (varies) | $8.338B | $3.83 |
| 2030 | $472.65 (123.86%) | $165 (Benzinga) to $219.6 (Traders Union) | $10.512B | $4.12 |
Expert predictions:
- TIKR: “Snowflake stock could generate 235% total returns by 2030 if revenue growth stays above 25%.”
- Wallet Investor: Long-term to $465.92 by 2031.
- Simply Wall St.: DCF intrinsic value $155.83, suggesting 36.5% overvaluation.
- Long Forecast: End-2026 at $311 (42% upside).
Consensus 12-month target: $275-288, implying 27-35% gains.
Risk Assessments: Potential Downsides and Mitigations
While optimistic, risks abound. Overvaluation (forward P/E ~199) could lead to corrections if growth slows. Competition from Databricks (55% growth vs. Snowflake’s 29%) and hyperscalers like AWS may erode market share. Bearish forecasts like CoinCodex’s $91.85 by 2030 highlight profitability concerns (negative P/E -50.8).
Macro risks: Spending cuts in recessions could hit consumption revenue; data security issues in AI may invite regulations. Mitigation: Snowflake’s 125% NRR and $7.88B RPO provide visibility. In worst-case, stock could dip to $90-100 by 2030 if AI hype fades.
Conclusion: Strategic Takeaways for Investors
Snowflake’s 2026-2030 outlook is promising, with 24/7 Wall St. forecasting 123% upside driven by AI and cloud growth, though bears warn of overvaluation. Focus on AI metrics like Cortex adoption and marketplace expansion for signals. Long-term holders could see 30% annualized returns in bull scenarios, but diversify amid volatility. Monitor Q4 FY26 earnings for updates. As one analyst notes, “Institutional buying in dips is smart for Snowflake.”