Snowflake (NYSE:SNOW) Given New $285.00 Price Target at KeyCorp

Snowflake (NYSE:SNOW) had its target price raised by equities research analysts at KeyCorp from $200.00 to $285.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price objective points to a potential upside of 20.93% from the company’s current price.

A number of other research firms have also weighed in on SNOW. Morgan Stanley boosted their target price on shares of Snowflake from $245.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday. Sanford C. Bernstein reissued a “market perform” rating and set a $250.00 price objective on shares of Snowflake in a research report on Thursday. Bank of America increased their target price on Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday. Rosenblatt Securities raised their target price on Snowflake from $275.00 to $285.00 and gave the company a “buy” rating in a report on Thursday. Finally, DA Davidson lifted their price target on Snowflake from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Snowflake has an average rating of “Moderate Buy” and a consensus target price of $277.03.

Snowflake Stock Up 34.5%

NYSE SNOW traded up $60.41 during trading on Thursday, hitting $235.67. 19,288,676 shares of the company traded hands, compared to its average volume of 6,949,168. Snowflake has a 12 month low of $118.30 and a 12 month high of $280.67. The business has a fifty day simple moving average of $153.75 and a 200 day simple moving average of $190.65. The company has a market capitalization of $81.47 billion, a P/E ratio of -59.90 and a beta of 1.08. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last issued 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 return on equity of 50.61% and a negative net margin of 28.43%.The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. As a group, sell-side analysts predict that Snowflake will post -2.16 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Emily Ho sold 2,141 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $173.97, for a total value of $372,469.77. Following the sale, the chief accounting officer owned 44,553 shares of the company’s stock, valued at approximately $7,750,885.41. This represents a 4.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Vivek Raghunathan sold 3,876 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total transaction of $592,252.80. Following the sale, the senior vice president owned 273,323 shares of the company’s stock, valued at $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 428,963 shares of company stock worth $71,996,216 over the last quarter. Corporate insiders own 4.80% of the company’s stock.

Institutional Trading of Snowflake

Several hedge funds have recently modified their holdings of SNOW. Kemnay Advisory Services Inc. acquired a new position in Snowflake during the 4th quarter valued at about $28,000. Greenline Wealth Management LLC bought a new stake in shares of Snowflake during the 4th quarter valued at $29,000. GoalVest Advisory LLC lifted its stake in shares of Snowflake by 221.4% in the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after purchasing an additional 93 shares during the period. Physician Wealth Advisors Inc. boosted its position in shares of Snowflake by 56.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after purchasing an additional 51 shares during the last quarter. Finally, Emerald Advisers LLC increased its holdings in Snowflake by 95.2% in the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported first-quarter fiscal 2027 results that beat expectations, with EPS of $0.39 and revenue of $1.39 billion, while product revenue rose 34% year over year. Snowflake Reports Financial Results for the First Quarter of Fiscal 2027
• Positive Sentiment: The company raised its annual product revenue forecast, signaling that enterprise AI and cloud migration demand is improving faster than expected. Snowflake jumps as enterprise demand for data offerings drives forecast raise
• Positive Sentiment: Snowflake announced a five-year, $6 billion strategic collaboration with Amazon Web Services, including use of AWS Graviton processors and AI infrastructure, which investors view as a major growth catalyst. Snowflake Expands AWS Collaboration with $6B Commitment to Accelerate Enterprise Agentic AI Adoption
• Positive Sentiment: Several Wall Street firms raised price targets and reiterated buy ratings, including Bank of America, Benchmark, Needham, Stifel, and Monness Crespi & Hardt, reinforcing bullish sentiment after the earnings report. Analyst price target updates
• Neutral Sentiment: Snowflake also announced it intends to acquire Natoma, a move aimed at improving governance and secure connectivity for AI agents; the deal is strategically important but still needs to close. Snowflake Announces Intent to Acquire Natoma
• Negative Sentiment: Despite the rally, Snowflake remains unprofitable on a GAAP basis and its valuation has risen sharply, which could make the stock more sensitive to any slowdown in AI spending or execution missteps.

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.