Snowflake Inc. SNOW shares are trading higher Thursday after the company reported better-than-expected fourth-quarter results and announced an expanded partnership with Microsoft Inc. MSFT.

What To Know: The company posted earnings of 30 cents per share, beating analyst estimates of 17 cents. Revenue came in at $986.77 million, above the $955.93 million consensus and up from $774.7 million a year ago.

Snowflake also announced a broader partnership with Microsoft to integrate OpenAI's models into its platform.

Despite the strong results, the company's outlook was below expectations. The company expects first-quarter revenue between $955 million and $960 million, below the $1 billion estimate. Fiscal 2026 revenue is projected at $4.28 billion, falling short of the $4.41 billion consensus.

Following this, several analysts have changed their ratings:

• Piper Sandler (Brent Bracelin): Maintains Overweight, raises price target from $208 to $215
• Keybanc (John Vinh): Maintains Overweight, raises price target from $210 to $220
• Guggenheim (John Difucci): Reiterates Neutral, no price target change
• Stifel (Brad Reback): Maintains Buy, raises price target from $187 to $210
• Truist Securities (Ki Bin Kim): Reiterates Buy, raises price target from $210 to $225
• Barclays (Raimo Lenschow): Maintains Overweight, raises price target from $190 to $203
• Oppenheimer (Ittai Kidron): Maintains Outperform, raises price target from $200 to $220
• Needham (Mike Cikos): Maintains Buy, raises price target from $200 to $215
• Rosenblatt (Blair Abernethy): Maintains Buy, keeps price target at $205

SNOW Price Action: Snowflake shares were up 9.03% at $181.20 at the time of writing, according to Benzinga Pro.

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