Snowflake (NYSE:SNOW) Shares Up 1.5% Following Analyst Upgrade

Snowflake Inc. (NYSE:SNOW)’s stock price rose 1.5% during mid-day trading on Wednesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The stock traded as high as $169.76 and last traded at $168.30. Approximately 3,805,976 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 6,604,034 shares. The stock had previously closed at $165.79.

SNOW has been the subject of a number of other reports. Piper Sandler reduced their price target on Snowflake from $285.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. The Goldman Sachs Group dropped their target price on shares of Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price objective on shares of Snowflake in a research report on Monday, February 23rd. Robert W. Baird increased their price target on shares of Snowflake from $260.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Finally, Evercore upped their price target on Snowflake from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and an average target price of $248.58.

Insider Transactions at Snowflake

In related news, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $221.16, for a total transaction of $11,132,752.08. Following the sale, the director owned 31,916 shares in the company, valued at approximately $7,058,542.56. This represents a 61.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $219.90, for a total transaction of $2,199,000.00. Following the transaction, the executive vice president owned 471,351 shares in the company, valued at $103,650,084.90. This trade represents a 2.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 662,940 shares of company stock valued at $135,715,906 over the last quarter. 6.80% of the stock is owned by insiders.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong post?earnings / AI momentum: Market commentary points to follow?through from Snowflake’s upbeat FY2026 results, double?digit product revenue growth and expanding AI positioning (OpenAI/Anthropic partnerships, Cortex Code, Observe acquisition) as primary drivers of buying interest. QuiverQuant analysis
• Positive Sentiment: Anthropic marketplace mention: Anthropic’s new marketplace will surface third?party tools that include Snowflake integrations — a distribution channel that could increase enterprise consumption of Snowflake services. Yahoo / Anthropic
• Neutral Sentiment: Analyst landscape and technicals: Recent analyst coverage remains largely constructive (multiple buy/overweight ratings and mid?$200 median price target) which supports longer?term conviction, while technical factors and short?covering may amplify moves. QuiverQuant (ratings & targets)
• Neutral Sentiment: Minor analyst upgrade: Zacks moved SNOW from “strong sell” to “hold” — a modest sentiment improvement but not a full analyst endorsement. Zacks upgrade
• Negative Sentiment: Multiple securities class?action notices filed/announced: Several plaintiff firms (Gross, Schall, Rosen, Pomerantz, Faruqi, Portnoy, Bernstein Liebhard, DJS and others) have issued investor alerts and filed complaints alleging disclosures relating to product efficiency/pricing and revenue — lead plaintiff deadlines around April 27, 2026. This legal cloud increases short?term uncertainty and headline risk. Gross Law Firm
• Negative Sentiment: Broader wave of plaintiff outreach: Multiple other firms (Schall, Rosen, Pomerantz, Faruqi, Portnoy, Bernstein Liebhard, etc.) posted similar notices the same week, magnifying reputational/legal risk and potential future settlement/defense costs. Schall Law Firm

Hedge Funds Weigh In On Snowflake

A number of hedge funds and other institutional investors have recently made changes to their positions in SNOW. Vanguard Group Inc. grew its holdings in shares of Snowflake by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock valued at $6,601,790,000 after buying an additional 1,448,094 shares during the last quarter. Jennison Associates LLC grew its stake in Snowflake by 27.7% during the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after purchasing an additional 2,519,413 shares during the last quarter. State Street Corp grew its stake in Snowflake by 1.4% during the 2nd quarter. State Street Corp now owns 6,887,073 shares of the company’s stock valued at $1,541,120,000 after purchasing an additional 94,293 shares during the last quarter. Nuveen LLC increased its holdings in shares of Snowflake by 2.3% in the fourth quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock valued at $1,157,749,000 after purchasing an additional 116,521 shares during the period. Finally, Artisan Partners Limited Partnership raised its stake in shares of Snowflake by 15.2% in the second quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock worth $1,108,045,000 after purchasing an additional 652,485 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake Stock Up 1.6%

The business’s 50-day moving average is $194.68 and its 200-day moving average is $221.87. The company has a market capitalization of $61.71 billion, a price-to-earnings ratio of -45.65 and a beta of 1.16. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm posted $0.30 earnings per share. The company’s revenue was up 30.1% compared to the same quarter last year. As a group, equities analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current year.

About Snowflake

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.