Snowflake stock price forecast: Can SNOW hold $326 ahead of Fed?
Snowflake is again approaching a point where investors have to decide how much they are willing to pay for enterprise AI rather than the race to build ever more powerful models. The next few sessions could provide a quick answer.
Snowflake has rolled out Cortex AI_SUMMARIZE in public preview. The function now enables automatic summarization for text, images, charts, research papers, reports and contracts within Snowflake. No need to specify a model, construct a prompt or create a pipeline for reading documents.
Along with this, the firm brought zero-copy support to all table formats in Interactive Warehouses generally available. With this release, businesses can further extend their low latency analytics support with no extra copies of data across formats.
$326 becomes the key level for another rebound
Snowflake shares have played out both scenarios considered earlier. The stock first recovered toward roughly $341.95 before sellers regained control and pushed the price back toward support around $318.
For today’s session, $326 becomes the key level. If SNOW opens above it and manages to hold there, the probability of another test of $341.95 would increase noticeably.
A break and sustained move below $326 would invalidate that setup and shift the balance back toward sellers. In that case, the stock could revisit support around $318.
The Fed meeting adds another layer of risk. Volatility is likely to rise sharply before and immediately after the rate decision, making short-term trading directly ahead of the announcement particularly risky.
Enterprise AI strength now meets a rates test
SNOW gained around 1.4% on September 14 despite weakness across the broader technology market and a selloff in many AI-related stocks. That relative strength suggests investors are still distinguishing between companies tied to AI infrastructure spending and those monetizing AI directly through enterprise workflows.
Snowflake, however, remains a richly valued growth company, so elevated Treasury yields and the Fed decision could temporarily outweigh positive product developments. Over the next several sessions, the reaction around $326 should show whether SNOW can preserve its relative strength or whether interest-rate pressure takes control again.
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