TD Cowen Issues Positive Forecast for Snowflake (NYSE:SNOW) Stock Price

Snowflake (NYSE:SNOW) had its price objective hoisted by TD Cowen from $370.00 to $450.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s target price indicates a potential upside of 23.23% from the company’s previous close.

SNOW has been the subject of a number of other reports. BTIG Research boosted their target price on shares of Snowflake from $340.00 to $424.00 and gave the stock a “buy” rating in a research note on Thursday. Bank of America raised their price target on shares of Snowflake from $330.00 to $395.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Truist Financial set a $360.00 price objective on Snowflake in a report on Tuesday, August 25th. Evercore reiterated an “outperform” rating and issued a $430.00 price objective on shares of Snowflake in a research report on Thursday. Finally, The Goldman Sachs Group lifted their target price on Snowflake from $216.00 to $278.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Thirty-four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $397.78.

Snowflake Price Performance

Snowflake stock traded up $59.33 during trading hours on Thursday, hitting $365.17. 11,159,121 shares of the stock were exchanged, compared to its average volume of 6,779,521. The stock has a market capitalization of $126.57 billion, a P/E ratio of -104.06 and a beta of 1.33. Snowflake has a 12 month low of $118.30 and a 12 month high of $384.56. The business’s 50-day moving average is $293.26 and its two-hundred day moving average is $218.27. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.17. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $0.35 EPS. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. Equities research analysts expect that Snowflake will post -1.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 25,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $325.00, for a total value of $8,125,000.00. Following the transaction, the executive vice president directly owned 340,379 shares in the company, valued at $110,623,175. This trade represents a 6.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction on Friday, August 7th. The stock was sold at an average price of $324.06, for a total value of $130,596.18. Following the sale, the director directly owned 22,573 shares of the company’s stock, valued at approximately $7,315,006.38. This trade represents a 1.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,156,901 shares of company stock valued at $321,725,352. Company insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kemnay Advisory Services Inc. bought a new stake in shares of Snowflake in the 4th quarter valued at about $28,000. Greenline Wealth Management LLC bought a new position in Snowflake during the 4th quarter worth approximately $29,000. Basecamp Wealth Advisors LLC boosted its stake in Snowflake by 140.5% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock worth $30,000 after acquiring an additional 118 shares during the last quarter. Emerald Advisers LLC grew its holdings in Snowflake by 95.2% during the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock valued at $31,000 after purchasing an additional 100 shares during the period. Finally, MV Capital Management Inc. acquired a new position in Snowflake during the fourth quarter valued at approximately $32,000. Institutional investors own 65.10% of the company’s stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong quarterly beat: Snowflake reported adjusted EPS of $0.62 versus the $0.45 analyst consensus, while revenue reached $1.55 billion compared with expectations of $1.48 billion. Revenue increased 35.1% year over year. Snowflake quarterly earnings results
• Positive Sentiment: Raised outlook: Management lifted fiscal 2027 product-revenue guidance to $6.07 billion from $5.84 billion, signaling stronger-than-expected demand for Snowflake’s cloud data platform and AI offerings. Snowflake shares surge as AI demand powers growth
• Positive Sentiment: AI momentum is becoming measurable: Product revenue grew 37%, helped by adoption of AI products including the CoCo coding agent, which added more than 2,000 accounts. Management described an “AI flywheel” in which AI workloads drive consumption and customer expansion. Snowflake earnings call highlights
• Positive Sentiment: Analyst support increased: UBS raised its price target to $500 and initiated a “buy” rating. DA Davidson, Canaccord Genuity, BTIG, Citizens JMP and Monness Crespi & Hardt also raised targets, generally citing AI-driven growth and the improved outlook.
• Neutral Sentiment: Mixed Wall Street views: Guggenheim reaffirmed its “neutral” rating, highlighting that the stock’s sharp rally has increased expectations and valuation risk. Wall Street analysts on Snowflake
• Negative Sentiment: Profitability remains a concern: Snowflake lowered fiscal 2027 gross-margin guidance to 74% as expanding AI workloads raise infrastructure costs. The company also continues to report GAAP losses and substantial stock-based compensation, despite management targeting break-even next year. Snowflake’s hidden warning in Q2

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.