Renowned financial analyst Jim Cramer has publicly endorsed Snowflake Inc. (SNOW), declaring the cloud computing stock a 'buy' in a recent market commentary. The statement comes as the stock faces downward pressure, despite strong underlying fundamentals.
- Jim Cramer publicly declared Snowflake (SNOW) a 'buy' on January 8, 2026.
- SNOW shares rose 5.2% in pre-market trading following the commentary.
- Snowflake reported $1.02 billion in quarterly revenue, up 24% YoY.
- Company maintains a gross margin of 78.9% and $1.3 billion in cash reserves.
- Options volume for SNOW surged 37% in response to the recommendation.
- Multiple analysts are reassessing their ratings, with some upgrading to 'Buy'.
Jim Cramer, a prominent voice in financial media, has issued a bullish call on Snowflake Inc. (SNOW), stating unequivocally, 'I think the stock is, quite frankly, a buy.' The remark, made during a live segment on January 8, 2026, marks a strategic shift in sentiment for a company whose shares have declined 18% over the past three months amid broader tech sector corrections. Snowflake’s platform, which powers data warehousing and analytics for enterprises across industries, continues to report robust revenue growth. In its most recent quarter, the company reported $1.02 billion in revenue, a 24% year-over-year increase, while expanding its gross margin to 78.9%. Despite these metrics, SNOW has underperformed relative to peers like Amazon Web Services and Microsoft Azure, leading to investor skepticism. Cramer emphasized Snowflake’s unique position in the cloud data infrastructure space, noting that its multi-cloud architecture and strong enterprise client base—counting over 14,000 customers—provide long-term resilience. He cited the company’s $1.3 billion in cash and short-term investments as a buffer against macroeconomic headwinds, reinforcing his conviction. The commentary has triggered immediate market reaction, with SNOW shares rising 5.2% in pre-market trading. Retail traders and institutional investors alike have increased interest, as evidenced by a 37% spike in options volume for the stock. Analysts at major firms are now re-evaluating their price targets, with several upgrading their ratings from 'Hold' to 'Buy' in the wake of Cramer’s endorsement.