Snowflake (NYSE:SNOW) Raised to “Strong-Buy” at HSBC

Snowflake (NYSE:SNOW) was upgraded by HSBC to a “strong-buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

A number of other brokerages have also issued reports on SNOW. Bank of America upped their target price on Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday. Canaccord Genuity Group upped their target price on Snowflake from $240.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday. Stifel Nicolaus upped their target price on Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday. Scotiabank reiterated an “outperform” rating on shares of Snowflake in a report on Thursday. Finally, Mizuho boosted their price target on Snowflake from $220.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $284.38.

Snowflake Stock Performance

Shares of SNOW opened at $255.94 on Friday. The business’s 50 day moving average is $156.69 and its two-hundred day moving average is $190.95. Snowflake has a 52-week low of $118.30 and a 52-week high of $280.67. The firm has a market cap of $88.48 billion, a price-to-earnings ratio of -72.71 and a beta of 1.08. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative return on equity of 49.29% and a negative net margin of 23.79%.The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the company posted $0.24 EPS. Snowflake’s quarterly revenue was up 33.5% on a year-over-year basis. Analysts forecast that Snowflake will post -2.16 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael L. Speiser sold 50,338 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $175.19, for a total transaction of $8,818,714.22. Following the completion of the transaction, the director directly owned 30,236 shares in the company, valued at $5,297,044.84. This represents a 62.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $165.01, for a total value of $1,650,100.00. Following the transaction, the executive vice president owned 510,477 shares of the company’s stock, valued at approximately $84,233,809.77. The trade was a 1.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 889,413 shares of company stock worth $176,342,125 in the last three months. 4.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Kemnay Advisory Services Inc. bought a new position in shares of Snowflake in the fourth quarter worth $28,000. Greenline Wealth Management LLC bought a new position in shares of Snowflake in the fourth quarter worth $29,000. GoalVest Advisory LLC lifted its holdings in shares of Snowflake by 221.4% in the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after buying an additional 93 shares during the period. Physician Wealth Advisors Inc. lifted its holdings in shares of Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after buying an additional 51 shares during the period. Finally, Emerald Advisers LLC lifted its holdings in shares of Snowflake by 95.2% in the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock valued at $31,000 after buying an additional 100 shares during the period. Institutional investors own 65.10% of the company’s stock.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat Q1 expectations, raised product revenue guidance, and pointed to stronger demand for its AI offerings, reinforcing the growth story. Article Title
• Positive Sentiment: The company’s $6 billion AWS partnership is being viewed as a major AI infrastructure catalyst that could deepen enterprise adoption. Article Title
• Positive Sentiment: Analysts raised price targets and maintained bullish ratings after the earnings report, signaling growing confidence in SNOW’s upside. Article Title
• Positive Sentiment: Snowflake is being repriced as a key “agentic AI” data platform, with investors seeing it as foundational infrastructure for enterprise AI workflows. Article Title
• Neutral Sentiment: Director Frank Slootman disclosed a pre-arranged share sale under a 10b5-1 trading plan, which is noteworthy but not necessarily a negative signal on the business. Article Title

Snowflake Company Profile

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.