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

Snowflake (NYSE:SNOW) had its price objective boosted by Argus from $300.00 to $450.00 in a report released on Friday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on the stock. Monness Crespi & Hardt upped their price objective on shares of Snowflake from $380.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday. Needham & Company LLC raised their target price on Snowflake from $330.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America lifted their price target on Snowflake from $330.00 to $395.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Morgan Stanley upped their price target on Snowflake from $300.00 to $470.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Sanford C. Bernstein increased their price target on Snowflake from $195.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday, May 28th. Thirty-four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $414.24.

Snowflake Price Performance

NYSE:SNOW opened at $338.47 on Friday. 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 cap of $117.31 billion, a price-to-earnings ratio of -106.44 and a beta of 1.33. The company has a 50 day moving average price of $297.66 and a 200-day moving average price of $220.60. Snowflake has a 1-year low of $118.30 and a 1-year high of $384.56.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 47.20%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the business posted $0.35 EPS. The business’s revenue was up 35.1% compared to the same quarter last year. Equities research analysts forecast that Snowflake will post -1.8 EPS for the current year.

Insider Activity at Snowflake

In other news, Director Frank Slootman sold 289,685 shares of the company’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $274.39, for a total transaction of $79,486,667.15. Following the completion of the sale, the director owned 28,535 shares of the company’s stock, valued at $7,829,718.65. This represents a 91.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $8,125,000.00. Following the completion of the sale, the executive vice president owned 340,379 shares of the company’s stock, valued at $110,623,175. This trade represents a 6.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,131,160 shares of company stock valued at $317,966,701. 4.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Snowflake

Institutional investors and hedge funds have recently bought and sold shares of the business. North Dakota State Investment Board purchased a new stake in shares of Snowflake in the fourth quarter valued at approximately $3,495,000. Allstate Corp increased its holdings in shares of Snowflake by 108.1% in the fourth quarter. Allstate Corp now owns 24,497 shares of the company’s stock valued at $5,374,000 after purchasing an additional 12,724 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in Snowflake by 86.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 209,653 shares of the company’s stock worth $45,989,000 after buying an additional 97,128 shares in the last quarter. William Blair Investment Management LLC lifted its position in Snowflake by 159.9% during the fourth quarter. William Blair Investment Management LLC now owns 1,346,998 shares of the company’s stock worth $295,477,000 after buying an additional 828,789 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Snowflake during the second quarter worth $1,399,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong Q2 results: Snowflake reported adjusted earnings of $0.62 per share versus the $0.45 consensus estimate, while revenue increased 35.1% year over year to $1.55 billion, ahead of expectations. Product revenue rose 37% to approximately $1.49 billion. Snowflake shares surge as AI demand powers growth and lifts outlook
• Positive Sentiment: AI is accelerating demand: Management said AI-related offerings contributed about half of the recent growth acceleration. Snowflake’s CoCo coding agent added more than 2,000 accounts, supporting the view that enterprise AI workloads can increase consumption of its data platform. Analysts discuss Snowflake’s AI-driven acceleration
• Positive Sentiment: Guidance and analyst targets moved higher: Snowflake raised fiscal 2027 product-revenue guidance to $6.07 billion from $5.84 billion. UBS, Citi, JPMorgan, TD Cowen and other firms subsequently raised targets, with several reaching $450 to $500 and maintaining bullish ratings. Snowflake’s AI momentum prompts higher price targets
• Neutral Sentiment: Profit-taking after a major rally: The stock had surged more than 20% after the earnings release and reached levels near its 52-week high. The current retreat likely reflects investors locking in gains rather than a deterioration in the latest operating results.
• Negative Sentiment: Margin and valuation risks remain: Management lowered fiscal 2027 gross-margin guidance to 74% as expanding AI workloads increase costs. Snowflake also remains unprofitable under generally accepted accounting principles, while its high valuation leaves the stock vulnerable to further profit-taking if growth expectations moderate. Snowflake’s AI growth and margin outlook
• Negative Sentiment: Executive stock sale: EVP Christian Kleinerman sold 10,000 shares for approximately $3.8 million under a pre-arranged Rule 10b5-1 plan. While scheduled sales do not necessarily signal a change in business outlook, the transaction may add to short-term investor caution after the rally.

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.