JPMorgan Chase & Co. Issues Positive Forecast for Snowflake (NYSE:SNOW) Stock Price

Snowflake (NYSE:SNOW) had its price objective hoisted by equities researchers at JPMorgan Chase & Co. from $285.00 to $426.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 19.40% from the stock’s current price.

SNOW has been the topic of a number of other reports. Jefferies Financial Group set a $430.00 target price on shares of Snowflake and gave the company a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft set a $400.00 price target on Snowflake in a report on Thursday. TD Cowen boosted their price target on Snowflake from $370.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus upped their price objective on Snowflake from $350.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Raymond James Financial raised their price objective on Snowflake from $275.00 to $425.00 and gave the company an “outperform” rating in a research report on Thursday. Thirty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $405.92.

Snowflake Stock Up 16.7%

Shares of NYSE:SNOW traded up $50.94 during midday trading on Thursday, hitting $356.78. The stock had a trading volume of 21,758,443 shares, compared to its average volume of 6,846,192. The company has a market cap of $123.66 billion, a P/E ratio of -101.36 and a beta of 1.33. Snowflake has a 12 month low of $118.30 and a 12 month high of $384.56. The business’s 50-day simple moving average is $293.26 and its 200-day simple moving average is $218.27. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18.

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

Insider Buying and Selling

In related news, Director Michael Speiser sold 403 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $324.06, for a total value of $130,596.18. Following the completion of the sale, the director directly owned 22,573 shares in the company, valued at $7,315,006.38. The trade was a 1.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 on 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 directly owned 340,379 shares in the company, valued at approximately $110,623,175. This represents a 6.84% 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. In the last ninety days, insiders sold 1,156,901 shares of company stock valued at $321,725,352. Insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SNOW. Brighton Jones LLC increased its holdings in shares of Snowflake by 90.0% during the fourth 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 boosted its stake in shares of Snowflake by 24.0% in the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after buying an additional 2,167 shares during the period. Geneos Wealth Management Inc. grew its position in Snowflake by 29.7% during the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after buying an additional 73 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in Snowflake during the second quarter worth approximately $221,000. Finally, The Manufacturers Life Insurance Company increased its stake in Snowflake by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock worth $5,055,000 after acquiring an additional 1,521 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong earnings and revenue beat: Snowflake reported adjusted EPS of $0.62 versus the $0.45 consensus estimate, while revenue reached $1.55 billion, up 35.1% year over year and above the $1.48 billion forecast. Snowflake spikes 22% on healthy results and AI coding momentum
• Positive Sentiment: AI is driving reacceleration: Product revenue rose 37% to approximately $1.49 billion, marking a third consecutive quarter of accelerating growth. Management said AI contributed roughly half of the outperformance, with the CoCo AI coding agent adding more than 2,000 customer accounts and broader adoption of CoWork and other AI tools. Snowflake Q2 Earnings Beat on Product Revenues and AI Strength
• Positive Sentiment: Higher outlook: Snowflake raised fiscal 2027 product-revenue guidance to $6.07 billion from $5.84 billion, citing stronger cloud consumption, customer growth and AI demand. The CEO also indicated the company remains on track to reach break-even next year. Snowflake lifts annual product revenue forecast
• Positive Sentiment: Analyst optimism: UBS, Citi, Bank of America, TD Cowen and other firms raised their price targets, generally retaining Buy or outperform ratings. Targets now range as high as $500, suggesting analysts believe the growth outlook has improved materially. Shares in Snowflake are surging
• Neutral Sentiment: Sector sentiment improved: Snowflake’s report helped fuel a broader software rebound and supported related companies such as Datadog, as investors reassessed fears that AI could undermine traditional software providers.
• Negative Sentiment: Margin and valuation risks remain: Management lowered fiscal 2027 gross-margin guidance to 74% as AI workloads increase infrastructure costs. Snowflake still has negative GAAP profitability, and its sharp rally has created a demanding valuation. Elevated short interest also reflects concerns about stock-based compensation, dilution and the company’s path to sustainable profits. Snowflake’s Hidden Warning in Q2

About Snowflake

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.