Stifel Nicolaus Forecasts Strong Price Appreciation for Snowflake (NYSE:SNOW) Stock

Snowflake (NYSE:SNOW) had its target price increased by research analysts at Stifel Nicolaus from $205.00 to $300.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 71.82% from the company’s previous close.

A number of other brokerages have also commented on SNOW. Citigroup reiterated a “market outperform” rating on shares of Snowflake in a research note on Thursday. Rosenblatt Securities reiterated a “buy” rating and issued a $275.00 price target on shares of Snowflake in a research note on Thursday, May 21st. Oppenheimer reiterated a “buy” rating on shares of Snowflake in a research note on Thursday, February 26th. Scotiabank decreased their price target on shares of Snowflake from $290.00 to $205.00 and set a “sector outperform” rating on the stock in a research note on Thursday, February 26th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Snowflake in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $251.41.

Snowflake Stock Down 1.7%

Snowflake stock opened at $174.60 on Thursday. The firm has a market capitalization of $60.36 billion, a PE ratio of -44.20 and a beta of 1.08. The company’s 50-day moving average is $153.75 and its 200-day moving average is $190.65. Snowflake has a fifty-two week low of $118.30 and a fifty-two week high of $280.67. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30.

Snowflake (NYSE:SNOW) last announced its quarterly 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 28.43% and a negative return on equity of 50.61%. 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 business earned $0.24 EPS. Snowflake’s quarterly revenue was up 33.5% on a year-over-year basis. Sell-side analysts anticipate that Snowflake will post -2.16 earnings per share for the current year.

Insider Activity at Snowflake

In other news, Director Frank Slootman sold 144,650 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $175.45, for a total transaction of $25,378,842.50. Following the completion of the sale, the director owned 38,046 shares of the company’s stock, valued at approximately $6,675,170.70. This represents a 79.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Vivek Raghunathan sold 3,876 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $152.80, for a total transaction of $592,252.80. Following the completion of the transaction, the senior vice president directly owned 273,323 shares of the company’s stock, valued at approximately $41,763,754.40. The trade was a 1.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 428,963 shares of company stock worth $71,996,216 in the last 90 days. Corporate insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

Several large investors have recently modified their holdings of the business. Assetmark Inc. increased its stake in shares of Snowflake by 99.1% in the fourth quarter. Assetmark Inc. now owns 198,655 shares of the company’s stock worth $43,577,000 after purchasing an additional 98,870 shares in the last quarter. Federated Hermes Inc. increased its holdings in Snowflake by 13.5% during the 3rd quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock worth $92,047,000 after acquiring an additional 48,411 shares during the period. Jennison Associates LLC increased its holdings in Snowflake by 27.7% during the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after acquiring an additional 2,519,413 shares during the period. William Blair Investment Management LLC purchased a new stake in Snowflake in the 3rd quarter worth approximately $116,882,000. Finally, Penserra Capital Management LLC lifted its stake in Snowflake by 32.8% in the 3rd quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock worth $34,586,000 after purchasing an additional 37,911 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported Q1 fiscal 2027 earnings of $0.39 per share, topping estimates of $0.32, on revenue of $1.39 billion versus expectations of $1.32 billion, with product revenue up 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 stronger-than-expected demand from enterprises adopting AI-driven workloads and cloud migrations. Snowflake raises annual product revenue forecast as enterprises ramp up AI workloads
• Positive Sentiment: Snowflake announced a five-year, $6 billion strategic collaboration with AWS, including spending tied to Graviton processors and AI infrastructure, which investors see as a major validation of its AI expansion plans. Snowflake signs $6 billion deal with AWS tied to AI infrastructure
• Positive Sentiment: Snowflake also disclosed plans to acquire Natoma, an enterprise AI-agent connectivity platform, to strengthen its governance and identity layer for agentic AI use cases. Snowflake Announces Intent to Acquire Natoma, Providing Secure Connectivity For The Agentic Enterprise

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.