Snowflake (SNOW) Price Prediction and Forecast 2025-2030

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Over the past decade, local computer storage has become a relic, joining the likes of the floppy disk and CD-ROM. Today, Big Data is big business, and the companies that provide cloud storage solutions are on the forefront of an explosive industry. Snowflake Inc. ( NYSE: SNOW ) is the quintessential example.

Despite having to face cloud-based data warehousing competitors such as Google BigQuery, a subsidiary of Alphabet Inc. ( NASDAQ: GOOGL ) , or Redshift, a business division of Amazon Inc. ( NASDAQ: AMZN ) , the company is well-positioned to take advantage of the $602.31 billion industry's projected growth. According to Grand View Research, the global cloud computing market size is expected to grow at a compound annual growth rate (CAGR) of 21.2% between 2024 and 2030, with the U.S. cloud computing market forecast to grow at a slightly lower — but still considerable — CAGR of 20.3% over the same time frame.

In addition to its data management services, Snowflake provides clients with customized infrastructure solutions, a pay-as-you-go pricing model, scalability, low to no latency as well as analytics capabilities. In doing so, the Bozeman, Mont.-based company has amassed a $41.34 billion market cap. However, its stock has struggled since 2021 when it hit its all-time high of $392.15 per share, falling nearly 69% since. But with an industry ripe for expansion, 24/7 Wall Street has performed analysis that suggest there is considerable upside potential for the tech company. Here is where prospective investors and current shareholders might expect the stock to be over the course of the next five years.

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