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

Snowflake (NYSE:SNOW) had its target price upped by stock analysts at TD Cowen from $370.00 to $450.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s target price suggests a potential upside of 23.23% from the stock’s previous close.

A number of other equities research analysts have also commented on the stock. Wells Fargo & Company raised their price objective on shares of Snowflake from $500.00 to $525.00 and gave the stock an “overweight” rating in a report on Thursday. DA Davidson upped their price objective on Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday. Needham & Company LLC increased their price objective on Snowflake from $330.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America boosted their target price on Snowflake from $330.00 to $395.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Finally, The Goldman Sachs Group boosted their price objective on shares of Snowflake from $216.00 to $278.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Thirty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $397.78.

Snowflake Stock Up 19.4%

Shares of NYSE:SNOW traded up $59.33 during trading on Thursday, hitting $365.17. 11,159,121 shares of the company’s stock traded hands, compared to its average volume of 6,779,521. 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 50-day moving average price of $293.26 and a 200-day moving average price of $218.27. Snowflake has a 52 week low of $118.30 and a 52 week high of $384.56. The company has a market cap of $126.57 billion, a price-to-earnings ratio of -104.06 and a beta of 1.33.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share 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 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 business’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. As a group, research analysts forecast that Snowflake will post -1.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $324.06, for a total value of $130,596.18. Following the completion of the transaction, the director owned 22,573 shares of the company’s stock, valued at $7,315,006.38. This trade represents a 1.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $325.00, for a total transaction of $8,125,000.00. Following the transaction, the executive vice president owned 340,379 shares in the company, valued at $110,623,175. This 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. Over the last three months, insiders have sold 1,156,901 shares of company stock valued at $321,725,352. 4.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Snowflake

A number of institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System lifted its position in shares of Snowflake by 25,944.6% in the second quarter. California State Teachers Retirement System now owns 127,340,602 shares of the company’s stock valued at $32,408,183,000 after buying an additional 126,851,670 shares during the last quarter. Nuveen LLC raised its stake in Snowflake by 2.3% in the 4th quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock valued at $1,157,749,000 after acquiring an additional 116,521 shares during the period. Geode Capital Management LLC raised its stake in Snowflake by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock valued at $1,052,195,000 after acquiring an additional 249,668 shares during the period. Norges Bank acquired a new stake in Snowflake during the 4th quarter valued at $974,091,000. Finally, Janus Henderson Group PLC lifted its holdings in Snowflake by 22.2% during the 1st quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company’s stock valued at $452,014,000 after purchasing an additional 544,960 shares during 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: Strong quarterly beat: Snowflake reported adjusted EPS of $0.62 versus the $0.45 analyst consensus, while revenue reached $1.55 billion compared with expectations of $1.48 billion. Revenue increased 35.1% year over year. Snowflake quarterly earnings results
• Positive Sentiment: Raised outlook: Management lifted fiscal 2027 product-revenue guidance to $6.07 billion from $5.84 billion, signaling stronger-than-expected demand for Snowflake’s cloud data platform and AI offerings. Snowflake shares surge as AI demand powers growth
• Positive Sentiment: AI momentum is becoming measurable: Product revenue grew 37%, helped by adoption of AI products including the CoCo coding agent, which added more than 2,000 accounts. Management described an “AI flywheel” in which AI workloads drive consumption and customer expansion. Snowflake earnings call highlights
• Positive Sentiment: Analyst support increased: UBS raised its price target to $500 and initiated a “buy” rating. DA Davidson, Canaccord Genuity, BTIG, Citizens JMP and Monness Crespi & Hardt also raised targets, generally citing AI-driven growth and the improved outlook.
• Neutral Sentiment: Mixed Wall Street views: Guggenheim reaffirmed its “neutral” rating, highlighting that the stock’s sharp rally has increased expectations and valuation risk. Wall Street analysts on Snowflake
• Negative Sentiment: Profitability remains a concern: Snowflake lowered fiscal 2027 gross-margin guidance to 74% as expanding AI workloads raise infrastructure costs. The company also continues to report GAAP losses and substantial stock-based compensation, despite management targeting break-even next year. Snowflake’s hidden warning in Q2

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.