Snowflake (NYSE:SNOW) Stock Price Expected to Rise, Argus Analyst Says

Snowflake (NYSE:SNOW) had its target price lifted by Argus from $300.00 to $450.00 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Argus’ target price suggests a potential upside of 26.13% from the stock’s previous close.

SNOW has been the topic of a number of other research reports. KeyCorp increased their price target on shares of Snowflake from $285.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Loop Capital upped their price objective on Snowflake from $290.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Needham & Company LLC lifted their target price on Snowflake from $330.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company boosted their price target on Snowflake from $500.00 to $525.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Truist Financial set a $425.00 price objective on Snowflake and gave the company a “buy” rating in a research report on Thursday. Thirty-four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $414.24.

Snowflake Price Performance

SNOW opened at $356.78 on Friday. The firm has a market cap of $123.66 billion, a PE ratio of -112.19 and a beta of 1.33. The stock has a 50-day moving average price of $295.85 and a 200-day moving average price of $219.50. Snowflake has a 1 year low of $118.30 and a 1 year high of $384.56. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.45 by $0.17. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. Snowflake had a negative net margin of 20.07% and a negative return on equity of 47.20%. Snowflake’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 EPS. Sell-side analysts predict that Snowflake will post -1.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 25,000 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $325.00, for a total value of $8,125,000.00. Following the completion of the transaction, the executive vice president owned 340,379 shares of the company’s stock, valued at approximately $110,623,175. This trade represents a 6.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 50,338 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $324.06, for a total value of $16,312,532.28. Following the sale, the director owned 26,036 shares in the company, valued at approximately $8,437,226.16. This trade represents a 65.91% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 1,131,160 shares of company stock valued at $317,966,701. 4.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC raised its position in Snowflake by 90.0% in the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after purchasing an additional 29,320 shares during the period. Intech Investment Management LLC increased its position in Snowflake by 24.0% during the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after purchasing an additional 2,167 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Snowflake by 29.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after acquiring an additional 73 shares during the period. Flow Traders U.S. LLC bought a new stake in Snowflake during the second quarter valued at about $221,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Snowflake by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock valued at $5,055,000 after buying an additional 1,521 shares during the last quarter. 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 beat: Snowflake reported adjusted EPS of $0.62 versus the $0.45 consensus estimate. Revenue increased 35.1% year over year to $1.55 billion, exceeding expectations of $1.48 billion, while product revenue rose 37% to approximately $1.49 billion. Snowflake spikes on healthy results and AI coding momentum
• Positive Sentiment: AI is accelerating growth: Management said AI products contributed roughly half of the recent growth acceleration. Snowflake’s CoCo coding agent added more than 2,000 accounts, supporting the company’s strategy of expanding data-platform consumption through enterprise AI workloads. Snowflake Stock Soars as Surging AI Demand Boosts Earnings
• Positive Sentiment: Higher forecast: Snowflake raised fiscal 2027 product-revenue guidance to $6.07 billion from $5.84 billion. Management also indicated it remains on track to reach break-even next year, improving confidence in the company’s growth trajectory.
• Positive Sentiment: Analyst optimism: UBS, Citi, JPMorgan, TD Cowen, Bank of America and other firms raised their targets, with several Buy or Overweight ratings and targets ranging from the low $400s to $500. The consensus rating is Moderate Buy. Wall Street analyst views
• Positive Sentiment: Customer adoption: Sayari selected Snowflake to rebuild its Commercial World Model, potentially reducing its data-infrastructure costs by more than 50%, providing an additional example of enterprise use of the platform. Sayari selects Snowflake

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.