What’s Going On With Snowflake Stock Today?

by | Feb 10, 2026 | General

Snowflake Inc (NYSE:SNOW) shares are trading higher during Tuesday’s premarket session, building on Monday’s 4.46% gain.

OpenAI Partnership Fuels Optimism

The upward momentum follows Snowflake’s announcement on Feb. 2 of a multi-year, $200 million partnership with OpenAI focused on co-innovation and joint go-to-market strategies. Under the agreement, OpenAI models, including GPT-5.2, will become natively available to Snowflake’s 12,600 global customers through Snowflake Cortex AI across all three major cloud platforms.

The companies said the partnership will support the development and deployment of customized AI solutions and AI agents for enterprise customers.

New AI Tools Drive Enterprise Adoption

On Feb. 3, Snowflake unveiled a broad set of product upgrades designed to help enterprises move from AI experimentation to production. Key releases include Snowflake Postgres, which integrates operational, analytical, and AI data management into a single platform, and Cortex Code, an AI-powered coding agent that automates the creation of data pipelines and AI applications.

Broader Market Strength

The stock’s advance comes as Nasdaq futures gained 0.32% and S&P 500 futures rose 0.22%, indicating a favorable environment for technology stocks.

Technical Analysis

Snowflake is currently trading 7.2% below its 20-day simple moving average (SMA) and 20.9% below its 100-day SMA, indicating a challenging short-term trend. Over the past 12 months, shares have decreased by 5.46%, and they are positioned closer to their 52-week lows than highs, suggesting ongoing weakness in the stock.

The RSI is at 36.19, which is considered neutral territory, while the MACD is below its signal line, indicating bearish pressure on the stock. This combination suggests that the stock is facing mixed momentum, with potential for further downside if current trends continue.

  • Key Resistance: $215.00
  • Key Support: $160.50

Earnings & Analyst Outlook

Investors are looking ahead to the next earnings report on Feb. 25, 2026.

  • EPS Estimate: Loss of 10 cents (Down from 30 cents YoY)
  • Revenue Estimate: $1.25 billion (Up from $986.77 million YoY)

Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price forecast of $276.82. Recent analyst moves include:

  • DA Davidson: Buy (Maintains Target to $300.00) (Jan. 30)
  • Morgan Stanley: Overweight (Maintains Target to $299.00) (Jan. 27)
  • Barclays: Downgraded to Equal-Weight (Lowers Target to $250.00) (Jan. 12)

Price Action: Snowflake shares were up 3.95% at $182.90 during premarket trading on Tuesday, according to Benzinga Pro data.

Photo: Michael Vi / Shutterstock