Snowflake (NYSE:SNOW) Price Target Raised to $450.00

Snowflake (NYSE:SNOW) had its target price upped by equities research analysts at Canaccord Genuity Group from $325.00 to $450.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 46.43% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Citigroup upped their price target on shares of Snowflake from $320.00 to $395.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Stifel Nicolaus set a $350.00 price target on shares of Snowflake in a report on Tuesday, August 18th. The Goldman Sachs Group boosted their price objective on shares of Snowflake from $216.00 to $278.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. DA Davidson upped their price objective on shares of Snowflake from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Jefferies Financial Group set a $430.00 target price on shares of Snowflake in a report on Thursday. Thirty-four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $359.68.

Snowflake Price Performance

Shares of Snowflake stock opened at $307.31 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. The business’s 50 day simple moving average is $293.26 and its two-hundred day simple moving average is $218.27. The stock has a market capitalization of $106.51 billion, a P/E ratio of -87.30 and a beta of 1.33. Snowflake has a one year low of $118.30 and a one year high of $341.95.

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

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $324.06, for a total transaction of $130,596.18. Following the transaction, the director owned 22,573 shares in the company, valued at approximately $7,315,006.38. This represents a 1.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of the company’s stock in a transaction that occurred 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 owned 340,379 shares in the company, valued at $110,623,175. This trade represents a 6.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 1,156,901 shares of company stock valued at $321,725,352. 4.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Snowflake

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tsfg LLC lifted its position in Snowflake by 27.8% during the second quarter. Tsfg LLC now owns 230 shares of the company’s stock valued at $59,000 after buying an additional 50 shares during the period. Johnson Investment Counsel Inc. grew its position in shares of Snowflake by 4.5% in the 4th quarter. Johnson Investment Counsel Inc. now owns 1,383 shares of the company’s stock worth $303,000 after buying an additional 60 shares during the period. Great Valley Advisor Group Inc. increased its stake in shares of Snowflake by 4.4% in the 4th quarter. Great Valley Advisor Group Inc. now owns 1,438 shares of the company’s stock worth $316,000 after acquiring an additional 60 shares in the last quarter. LRI Investments LLC increased its stake in shares of Snowflake by 4.5% in the 4th quarter. LRI Investments LLC now owns 1,437 shares of the company’s stock worth $315,000 after acquiring an additional 62 shares in the last quarter. Finally, First Manhattan CO. LLC. lifted its position in Snowflake by 6.7% during the 4th quarter. First Manhattan CO. LLC. now owns 1,022 shares of the company’s stock valued at $224,000 after acquiring an additional 64 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Quarterly results exceeded expectations: Snowflake reported adjusted EPS of $0.62 versus the $0.45 consensus estimate and revenue of $1.55 billion versus $1.48 billion expected. Revenue rose 35.1% year over year, while product revenue increased 37% to $1.49 billion. Snowflake lifts annual product revenue forecast
• Positive Sentiment: Raised guidance and improving profitability outlook: Management lifted its full-year product-revenue forecast and indicated fiscal 2027 product revenue of approximately $6.07 billion, alongside a 14.5% non-GAAP operating-margin target. The upgraded outlook suggests durable demand for Snowflake’s cloud data platform. Snowflake FY 2027 guidance
• Positive Sentiment: AI adoption is becoming a growth catalyst: Snowflake cited momentum in its AI coding agent CoCo and other offerings such as CoWork and Cortex. Analysts believe AI-driven workloads could continue to accelerate consumption and expand Snowflake’s competitive advantages. Wall Street analysts discuss Snowflake
• Positive Sentiment: Analyst support remains strong: Rosenblatt raised its price target to $345 and maintained a Buy rating. Other analysts see additional upside as Snowflake benefits from the AI trend. Rosenblatt price target
• Neutral Sentiment: Customer adoption provides validation: Sayari selected Snowflake to rebuild its commercial data model for AI, potentially reducing its data-infrastructure costs by more than 50%. However, the company has not quantified the revenue contribution from customers adopting AI. Sayari selects Snowflake
• Negative Sentiment: High valuation and ongoing losses remain concerns: Despite the earnings beat, Snowflake trades at an elevated valuation, has a negative GAAP net margin and return on equity, and faces criticism over stock-based compensation and dilution. High short interest could increase volatility if future growth or AI monetization disappoints.

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.