Snowflake (NYSE:SNOW) Price Target Raised to $340.00

Snowflake (NYSE:SNOW) had its target price upped by BTIG Research from $325.00 to $340.00 in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

SNOW has been the topic of several other reports. Citizens Jmp restated a “market outperform” rating and set a $325.00 price target on shares of Snowflake in a research note on Tuesday, May 19th. Sanford C. Bernstein raised their price objective on Snowflake from $195.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday, May 28th. Canaccord Genuity Group lifted their price objective on Snowflake from $240.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Barclays boosted their price objective on Snowflake from $272.00 to $285.00 and gave the company an “equal weight” rating in a research report on Thursday, June 4th. Finally, Cantor Fitzgerald upped their target price on Snowflake from $225.00 to $282.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Thirty-four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $296.68.

Snowflake Stock Performance

NYSE SNOW opened at $317.38 on Monday. The company’s fifty day moving average is $259.10 and its two-hundred day moving average is $199.45. Snowflake has a 52-week low of $118.30 and a 52-week high of $323.10. 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 firm has a market capitalization of $110.00 billion, a price-to-earnings ratio of -90.17 and a beta of 1.33.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. Equities research analysts forecast that Snowflake will post -1.84 EPS for the current year.

Insider Buying and Selling

In other Snowflake news, Director Michael L. Speiser sold 840 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $257.91, for a total transaction of $216,644.40. Following the completion of the transaction, the director directly owned 26,876 shares in the company, valued at $6,931,589.16. This represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Teresa Briggs sold 343 shares of Snowflake stock in a transaction on Monday, July 6th. The shares were sold at an average price of $255.11, for a total value of $87,502.73. Following the transaction, the director directly owned 5,060 shares of the company’s stock, valued at approximately $1,290,856.60. The trade was a 6.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 2,091,260 shares of company stock valued at $508,844,831. 4.80% of the stock is currently owned by insiders.

Institutional Trading of Snowflake

Hedge funds have recently modified their holdings of the company. Kemnay Advisory Services Inc. bought a new stake in Snowflake during the 4th quarter worth approximately $28,000. Greenline Wealth Management LLC bought a new position in Snowflake in the 4th quarter valued at $29,000. Basecamp Wealth Advisors LLC raised its position in Snowflake by 140.5% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $30,000 after purchasing an additional 118 shares during the last quarter. Physician Wealth Advisors Inc. boosted its stake in Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after purchasing an additional 51 shares in the last quarter. Finally, Emerald Advisers LLC boosted its stake in Snowflake by 95.2% in the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI product expansion: Snowflake introduced Cortex AI Gateway, which is designed to govern enterprise AI agents, manage costs and strengthen security. Expanded integrations with 1Password and Aembit could help Snowflake capture more AI workloads from large businesses. Snowflake Unveils Cortex AI Gateway
• Positive Sentiment: Broader partner ecosystem: Snowflake and phData expanded their collaboration to help customers migrate analytics, deploy governed AI applications and put intelligent workflows into production. Zeotap and Alteryx also launched applications on the Snowflake Marketplace, supporting platform adoption and recurring consumption. phData and Snowflake Expand Collaboration
• Positive Sentiment: Market and analyst optimism: Snowflake has reached fresh 52-week highs amid stronger confidence in its AI business. BTIG reportedly forecasts substantial appreciation, while heavy selling of long-dated, out-of-the-money put options suggests some investors are willing to make bullish commitments. BTIG Research Forecasts Strong Price Appreciation
• Neutral Sentiment: Upcoming catalysts: Snowflake will present at investor conferences and plans to report fiscal second-quarter 2027 results on September 2. These events could provide updated commentary on AI monetization, customer demand and margins. Snowflake Investor Conferences
• Negative Sentiment: Valuation and selling pressure: Analysts warn that SNOW’s premium valuation leaves limited room for disappointment, while margin pressure and competition remain concerns. Cathie Wood’s investment firm trimmed roughly $5.5 million to $5.7 million of its position, and an executive sold shares under a pre-arranged Rule 10b5-1 plan. Snowflake Premium Valuation
• Negative Sentiment: Security overhang: A Canadian defendant pleaded guilty in connection with attacks involving the theft of data from Snowflake customer environments. While the case concerns criminal activity rather than a newly announced company incident, it may renew investor concerns about data security and reputational risk. Canadian Pleads Guilty to Snowflake Data Theft Attacks

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.