Analysts Set Snowflake Inc. (NYSE:SNOW) Target Price at $242.19

Shares of Snowflake Inc. (NYSE:SNOW) have been given a consensus rating of “Moderate Buy” by the forty-one ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, thirty-three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $242.1892.

Several brokerages recently commented on SNOW. Guggenheim reissued a “neutral” rating on shares of Snowflake in a research report on Wednesday, February 18th. Monness Crespi & Hardt increased their price target on shares of Snowflake from $275.00 to $282.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Snowflake in a report on Wednesday, January 21st. Morgan Stanley cut their target price on Snowflake from $270.00 to $245.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Finally, Stifel Nicolaus set a $205.00 price target on Snowflake in a research note on Thursday, February 26th.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Wall Street analysts’ consensus price targets imply large upside versus the current share price, suggesting buy-side conviction and potential price support if analyst optimism persists. Wall Street Sees 66% Upside for Snowflake Despite AI Data Cloud Selloff
• Positive Sentiment: o9 Solutions announced an integration using Snowflake’s Connected Application framework to link the o9 Digital Brain to Snowflake’s AI Data Cloud — a partnership that can drive additional enterprise adoption and usage-based revenue over time. o9 Solutions Announces Connected Application on Snowflake to Advance Enterprise Planning on a Unified Data Foundation
• Neutral Sentiment: Bank of America reiterated a Buy rating but trimmed its price target (from $275 to $195), which signals continued bullish conviction but reduces near-term upside expectations and may cap momentum. BofA Maintains Buy Rating on Snowflake (SNOW)
• Neutral Sentiment: Media pieces highlighting broad broker/analyst buy consensus reinforce positive narrative but note the usual caveats about analyst optimism; such coverage can support interest but is not a catalyst on its own. Brokers Suggest Investing in Snowflake (SNOW): Read This Before Placing a Bet
• Neutral Sentiment: Snowflake set its Q1 FY2027 earnings release for May 27, which creates an upcoming catalyst for volatility — investors should expect guidance and usage metrics that could swing the stock. Snowflake to Announce Financial Results for the First Quarter of Fiscal 2027 on May 27, 2026
• Negative Sentiment: Large director share sales (executed under a pre-arranged Rule 10b5-1 plan) were disclosed — while pre-arranged plans reduce informational concern, the magnitude of the sales can weigh on sentiment if investors view insider selling as a negative signal. SEC Filing: Insider Form 4 — Michael L. Speiser

Insider Activity at Snowflake

In other news, SVP Vivek Raghunathan sold 3,876 shares of the business’s 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 $41,763,754.40. The trade was a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $165.22, for a total transaction of $8,316,844.36. Following the completion of the sale, the director owned 31,076 shares in the company, valued at $5,134,376.72. This represents a 61.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 435,054 shares of company stock worth $72,691,801 over the last quarter. 6.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Snowflake

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Snowflake by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock worth $6,601,790,000 after acquiring an additional 1,448,094 shares during the last quarter. Jennison Associates LLC grew its holdings in Snowflake by 27.7% during the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after purchasing an additional 2,519,413 shares during the period. Nuveen LLC increased its position in Snowflake by 2.3% in the fourth quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock worth $1,157,749,000 after buying an additional 116,521 shares in the last quarter. Geode Capital Management LLC increased its position in Snowflake by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock worth $1,052,195,000 after buying an additional 249,668 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Snowflake in the fourth quarter worth about $974,091,000. Institutional investors own 65.10% of the company’s stock.

Snowflake Trading Down 1.7%

Snowflake stock opened at $141.75 on Wednesday. Snowflake has a 12 month low of $118.30 and a 12 month high of $280.67. The company has a market capitalization of $49.00 billion, a price-to-earnings ratio of -35.89 and a beta of 1.08. The business’s fifty day simple moving average is $157.50 and its two-hundred day simple moving average is $201.76. 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 results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The company’s revenue was up 30.1% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. As a group, equities analysts predict that Snowflake will post -2.16 earnings per share for the current fiscal year.

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.