Snowflake (NYSE:SNOW) Price Target Raised to $313.00

Snowflake (NYSE:SNOW) had its price target increased by Royal Bank Of Canada from $284.00 to $313.00 in a report published on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities analysts have also issued reports on SNOW. Stifel Nicolaus raised their price objective on Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Oppenheimer upped their target price on Snowflake from $250.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. HSBC set a $289.00 price target on Snowflake and gave the stock a “buy” rating in a research note on Friday, May 29th. Mizuho boosted their price objective on Snowflake from $220.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Monness Crespi & Hardt increased their price objective on Snowflake from $282.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Thirty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $296.00.

Snowflake Stock Down 0.0%

Shares of NYSE:SNOW opened at $268.85 on Friday. The firm has a 50 day simple moving average of $227.43 and a 200-day simple moving average of $193.44. Snowflake has a twelve month low of $118.30 and a twelve month high of $284.99. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $93.18 billion, a PE ratio of -76.38 and a beta of 1.35.

Snowflake (NYSE:SNOW) last posted its earnings results 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 firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm posted $0.24 EPS. The company’s revenue was up 33.5% on a year-over-year basis. On average, equities analysts predict that Snowflake will post -1.84 EPS for the current fiscal year.

Insider Activity

In other news, Director Mark Garrett sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $250.00, for a total transaction of $25,000,000.00. Following the completion of the sale, the director owned 8,801 shares in the company, valued at $2,200,250. This represents a 91.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael L. Speiser sold 50,338 shares of Snowflake stock in a transaction on Friday, May 1st. The shares were sold at an average price of $141.60, for a total transaction of $7,127,860.80. Following the completion of the transaction, the director owned 28,556 shares in the company, valued at approximately $4,043,529.60. This trade represents a 63.80% 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. Over the last 90 days, insiders have sold 1,802,015 shares of company stock valued at $421,739,629. Company insiders own 4.80% of the company’s stock.

Institutional Trading of Snowflake

Several hedge funds have recently made changes to their positions in the company. Kemnay Advisory Services Inc. purchased a new stake in Snowflake in the 4th quarter valued at approximately $28,000. Greenline Wealth Management LLC purchased a new position in shares of Snowflake during the 4th quarter worth approximately $29,000. GoalVest Advisory LLC lifted its holdings 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 buying an additional 93 shares during the period. Basecamp Wealth Advisors LLC lifted its holdings in shares of 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 buying an additional 118 shares during the period. Finally, Physician Wealth Advisors Inc. boosted its stake in shares of Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after buying an additional 51 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on Snowflake to $313 from $284 and reiterated an outperform rating, signaling confidence in further upside. Article
• Positive Sentiment: KeyCorp lifted its target to $325 from $285 and kept an overweight rating, adding to the bullish analyst sentiment around SNOW. Article
• Positive Sentiment: RBC said CEO Sridhar Ramaswamy’s performance-based stock award is another positive sign for Snowflake’s AI growth strategy, suggesting management incentives are aligned with long-term value creation. Article
• Positive Sentiment: Media coverage highlighted Snowflake as one of the “hypergrowth” or “surprise” stocks to watch for 2026, reinforcing investor interest in the company’s AI and cloud growth narrative. Article
• Neutral Sentiment: Snowflake also unveiled a large CEO pay plan tied to ambitious long-term stock-price goals, which may be viewed as a commitment to growth but could draw scrutiny over compensation levels. Article
• Neutral Sentiment: Snowflake’s recent article coverage also noted continued product progress, including secure AI workflows for financial-data customers through Rogo, supporting the company’s broader AI adoption story. Article

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.