Brokerages Set Snowflake Inc. (NYSE:SNOW) Price Target at $249.62

Shares of Snowflake Inc. (NYSE:SNOW) have been given an average recommendation of “Moderate Buy” by the forty-one ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $249.6216.

Several brokerages have recently issued reports on SNOW. JPMorgan Chase & Co. decreased their price target on Snowflake from $268.00 to $245.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. TD Cowen cut their price objective on Snowflake from $270.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Royal Bank Of Canada set a $245.00 price objective on Snowflake in a report on Wednesday, February 11th. Wells Fargo & Company cut their price objective on Snowflake from $290.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Snowflake in a report on Monday, February 2nd.

Snowflake Trading Down 1.8%

Shares of SNOW opened at $149.15 on Friday. Snowflake has a 52-week low of $120.10 and a 52-week high of $280.67. The business’s fifty day moving average is $172.51 and its 200-day moving average is $214.14. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $51.56 billion, a price-to-earnings ratio of -37.76 and a beta of 1.23.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results 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 return on equity of 50.61% and a negative net margin of 28.43%.The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the company posted $0.30 EPS. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. Equities analysts anticipate that Snowflake will post -2.36 EPS for the current fiscal year.

Insider Activity at Snowflake

In related news, EVP Christian Kleinerman sold 2,621 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $170.01, for a total transaction of $445,596.21. Following the sale, the executive vice president owned 533,494 shares of the company’s stock, valued at $90,699,314.94. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Vivek Raghunathan sold 3,876 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $152.80, for a total value of $592,252.80. Following the sale, the senior vice president directly owned 273,323 shares in the company, valued at approximately $41,763,754.40. This trade represents a 1.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 594,313 shares of company stock worth $108,831,780 over the last 90 days. 6.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Snowflake

Hedge funds have recently modified their holdings of the company. Total Clarity Wealth Management Inc. lifted its holdings in Snowflake by 2.7% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock worth $340,000 after buying an additional 40 shares during the period. Diligent Investors LLC lifted its holdings in Snowflake by 0.9% during the 3rd quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock worth $1,036,000 after buying an additional 40 shares during the period. Coastline Trust Co lifted its holdings in Snowflake by 1.0% during the 3rd quarter. Coastline Trust Co now owns 4,183 shares of the company’s stock worth $943,000 after buying an additional 42 shares during the period. CX Institutional lifted its holdings in Snowflake by 13.2% during the 3rd quarter. CX Institutional now owns 421 shares of the company’s stock worth $95,000 after buying an additional 49 shares during the period. Finally, Hazlett Burt & Watson Inc. lifted its holdings in Snowflake by 44.1% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $36,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Benchmark initiated coverage with a Buy and $190 price target, highlighting Snowflake’s unified AI Data Cloud and positioning the company as a key AI infrastructure play. Benchmark Initiation
• Positive Sentiment: Snowflake and industry partners (including Sundial) announced support for the Open Semantic Interchange to improve Data+AI interoperability, reinforcing enterprise traction and ecosystem momentum. Sundial Partnership
• Positive Sentiment: CEO Sridhar Ramaswamy discussed Project SnowWork and Snowflake’s roadmap for outcome-driven AI agents in enterprise workflows — messaging that supports long‑term revenue expansion tied to AI workloads. CEO Interview
• Neutral Sentiment: Coverage pieces from Zacks and Yahoo are debating valuation and near-term buy/sell/hold considerations as investors reassess Snowflake after recent share weakness; these stories can amplify trading but aren’t new fundamentals. Zacks Coverage
• Negative Sentiment: Director Michael L. Speiser sold 50,338 shares (and a separate smaller block) under a pre‑arranged Rule 10b5‑1 plan, a large disposition that can rattle sentiment despite being plan-driven. SEC filing: Insider Sale SEC Filing
• Negative Sentiment: Multiple securities class-action lawsuits and several law firms are soliciting lead plaintiffs, alleging inadequate disclosures about product efficiency and consumption impacts — this litigation wave raises legal risk and potential headline volatility. Representative filings/alerts: GlobeNewswire Lawsuit Alert and Schall Law Notice

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.