Snowflake (NYSE:SNOW) Upgraded at Argus

Argus upgraded shares of Snowflake (NYSE:SNOW) from a hold rating to a buy rating in a research report report published on Thursday morning, Marketbeat.com reports. The firm currently has $300.00 target price on the stock.

Several other research firms also recently commented on SNOW. Jefferies Financial Group set a $300.00 price objective on Snowflake in a report on Monday, November 24th. Monness Crespi & Hardt lifted their price target on shares of Snowflake from $260.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Guggenheim reissued a “neutral” rating on shares of Snowflake in a report on Wednesday, November 26th. Robert W. Baird increased their price objective on shares of Snowflake from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Finally, Canaccord Genuity Group lifted their target price on shares of Snowflake from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and an average target price of $275.97.

Snowflake Price Performance

Shares of SNOW opened at $218.80 on Thursday. The company has a market capitalization of $74.87 billion, a P/E ratio of -54.16 and a beta of 1.14. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The firm has a 50 day moving average of $238.70 and a 200 day moving average of $229.10. Snowflake has a twelve month low of $120.10 and a twelve month high of $280.67.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The firm’s quarterly revenue was up 28.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 EPS. As a group, equities research analysts anticipate that Snowflake will post -2.36 earnings per share for the current fiscal year.

Insider Transactions at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $221.16, for a total transaction of $89,127.48. Following the completion of the sale, the director owned 24,121 shares of the company’s stock, valued at approximately $5,334,600.36. The trade was a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $219.90, for a total value of $2,199,000.00. Following the completion of the transaction, the executive vice president directly owned 471,351 shares in the company, valued at $103,650,084.90. This trade represents a 2.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 418,681 shares of company stock worth $96,073,145 over the last three months. 6.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Snowflake

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH bought a new position in shares of Snowflake in the second quarter worth approximately $25,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of Snowflake during the 3rd quarter valued at $25,000. Avion Wealth boosted its holdings in Snowflake by 76.6% in the 2nd quarter. Avion Wealth now owns 113 shares of the company’s stock worth $25,000 after buying an additional 49 shares during the period. Tripletail Wealth Management LLC purchased a new stake in Snowflake in the 3rd quarter worth $28,000. Finally, Rossby Financial LCC raised its holdings in Snowflake by 4,233.3% during the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock valued at $29,000 after acquiring an additional 127 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s expanded AI portfolio and deeper cloud partnerships are being highlighted as drivers of strong revenue growth and positioning the company as central to enterprise AI — a tailwind for long-term demand. SNOW’s Robust Portfolio Fuels Revenue Growth
• Positive Sentiment: Snowflake announced a deal to acquire Observe — an AI/observability platform built on Snowflake — in a transaction reported around $1B. Management says the deal accelerates AIops and observability features (helps troubleshoot AI agents and apps), which could expand product stickiness and cross-sell opportunities. The acquisition is subject to customary closing conditions; the purchase price and integration execution will be watched closely. Snowflake announces intent to buy Observe The Numbers Behind Snowflake’s $1 Billion Acquisition
• Positive Sentiment: Recent analyst support: Argus upgraded SNOW to Buy with a $300 target and Raymond James reiterated/assigned Outperform, reinforcing optimism about Snowflake’s transition from data warehouse to AI platform — analyst upgrades can boost sentiment and attract flows. (Coverage noted in market reports.)
• Neutral Sentiment: Last reported results showed a revenue beat and continued high growth (revenue up ~29% year/year and an EPS beat in early December), supporting the narrative of strong enterprise traction — but profitability remains negative and is being closely scrutinized by the market.
• Negative Sentiment: An executive (EVP) sold about $2.2M of SNOW stock, which can be interpreted by some investors as a near-term negative signal about insider confidence or a simple liquidity/portfolio move. EVP Stock Sale
• Negative Sentiment: Valuation and profitability concerns remain loud in the market — commentary argues Snowflake’s “profitability pivot” could trade off growth investments, and some analysts urge caution despite AI tailwinds. Those critiques can pressure the shares as investors weigh growth vs margin expansion. Profitability Pivot May Be A Trap
• Negative Sentiment: SNOW has shown intra-session weakness recently while the broader market gained, indicating short-term profit-taking or rotation into other AI names; watch volume and whether the stock holds near its 200-day SMA for technical support. SNOW Stock Dips While Market Gains

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.