Snowflake stock is a buy due to strong customer retention, rising RPO, and AI tailwinds, despite previous investor skepticism.
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Why Is Snowflake Stock Soaring, and is it too Late to Buy? | SNOW Stock Analysis
Parkev Tatevosian, CFAMay 29, 2026
Snowflake's stock surged 36% after its quarterly earnings report, driven by strong net revenue retention (126%) and remaining performance obligations (RPO) up 38%. The company's management highlighted AI as a significant tailwind, marking an inflection point that finally convinced investors, unlike other software companies. The creator reiterates a buy rating on SNOW, seeing it as a continued buying opportunity.
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buy opened May 29, 2026
+2.19%