Snowflake Inc. (NYSE:SNOW) Receives $331.46 Consensus PT from Analysts

Snowflake Inc. (NYSE:SNOW) has been given an average recommendation of “Moderate Buy” by the forty analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and thirty-four have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $410.1892.

A number of equities research analysts have commented on the company. Sanford C. Bernstein lifted their target price on Snowflake from $195.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, May 28th. Benchmark raised their price objective on Snowflake from $290.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Guggenheim restated a “neutral” rating on shares of Snowflake in a report on Thursday. Citigroup upped their target price on shares of Snowflake from $395.00 to $490.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Needham & Company LLC upped their target price on shares of Snowflake from $330.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday.

Snowflake Stock Up 16.7%

Shares of NYSE SNOW opened at $356.78 on Tuesday. The company has a market capitalization of $123.66 billion, a P/E ratio of -112.19 and a beta of 1.33. 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 company has a 50 day simple moving average of $295.85 and a 200-day simple moving average of $219.50. Snowflake has a 1 year low of $118.30 and a 1 year high of $384.56.

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

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong earnings beat and accelerating growth: Snowflake reported adjusted earnings of $0.62 per share, ahead of the $0.45 consensus estimate, while revenue rose 35.1% year over year to $1.55 billion, topping the $1.48 billion forecast. Product revenue increased 37% to approximately $1.49 billion. Snowflake spikes on healthy results and AI coding momentum
• Positive Sentiment: AI demand is becoming a growth catalyst: Management said AI contributed about half of the company’s outperformance, with adoption of its CoCo AI coding agent adding more than 2,000 accounts. Broad-based demand across customers, workloads and geographies further strengthened the growth outlook. Snowflake Stock Soars as Surging AI Demand Boosts Earnings
• Positive Sentiment: Raised guidance: Snowflake lifted fiscal 2027 product-revenue guidance to $6.07 billion from $5.84 billion, signaling that cloud consumption and AI-related demand are exceeding prior expectations. The company also remains on track to reach break-even next year, according to CEO Sridhar Ramaswamy.
• Positive Sentiment: Analysts turned more bullish: JPMorgan, UBS, Citi, TD Cowen, Bank of America and several other firms raised price targets, with targets reaching as high as $500 and ratings including Buy, Overweight and Market Outperform. Wall Street analyst views

Insider Activity

In other news, Director Michael Speiser sold 403 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 $130,596.18. Following the transaction, the director directly owned 22,573 shares in the company, valued at approximately $7,315,006.38. This represents a 1.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $380.00, for a total transaction of $3,800,000.00. Following the completion of the sale, the executive vice president owned 18,568 shares of the company’s stock, valued at $7,055,840. This trade represents a 35.00% decrease in their position. 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 three months, insiders have sold 1,131,160 shares of company stock valued at $317,966,701. Company insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Snowflake

Several large investors have recently added to or reduced their stakes in SNOW. Brighton Jones LLC boosted its holdings in Snowflake by 90.0% in the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after purchasing an additional 29,320 shares during the period. Intech Investment Management LLC lifted its position in shares of Snowflake by 24.0% during the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after purchasing an additional 2,167 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Snowflake by 29.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Snowflake during the second quarter worth $221,000. Finally, The Manufacturers Life Insurance Company grew its stake 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 worth $5,055,000 after purchasing an additional 1,521 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

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.