Snowflake (NYSE:SNOW) Price Target Raised to $395.00

Snowflake (NYSE:SNOW) had its target price boosted by Bank of America from $330.00 to $395.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. DA Davidson increased their price target on Snowflake from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. KeyCorp boosted their price objective on shares of Snowflake from $285.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Barclays upped their target price on shares of Snowflake from $272.00 to $285.00 and gave the company an “equal weight” rating in a research report on Thursday, June 4th. Rosenblatt Securities increased their target price on shares of Snowflake from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Snowflake from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Thirty-four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and a consensus price target of $320.65.

Snowflake Trading Up 3.5%

SNOW opened at $332.52 on Wednesday. The stock has a market capitalization of $115.25 billion, a PE ratio of -94.47 and a beta of 1.33. Snowflake has a one year low of $118.30 and a one year high of $341.95. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05. The business’s 50 day moving average price is $279.09 and its 200 day moving average price is $209.70.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the firm earned $0.24 earnings per share. The firm’s quarterly revenue was up 33.5% compared to the same quarter last year. As a group, equities research analysts expect that Snowflake will post -1.81 EPS for the current year.

Insider Activity at Snowflake

In related news, EVP Christian Kleinerman sold 25,000 shares of the 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 of the company’s stock, valued at approximately $110,623,175. This represents a 6.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 48,990 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $320.78, for a total value of $15,715,012.20. Following the transaction, the director directly owned 28,535 shares in the company, valued at approximately $9,153,457.30. The trade was a 63.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 2,327,351 shares of company stock worth $607,085,414. 4.80% of the stock is currently owned by company insiders.

Institutional Trading of Snowflake

Several hedge funds have recently made changes to their positions in SNOW. Kemnay Advisory Services Inc. purchased a new stake in Snowflake during the 4th quarter worth approximately $28,000. Greenline Wealth Management LLC acquired a new stake in Snowflake during the 4th quarter worth approximately $29,000. Physician Wealth Advisors Inc. boosted its position in Snowflake by 56.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after buying an additional 51 shares during the period. MV Capital Management Inc. purchased a new position in Snowflake in the 4th quarter valued at approximately $32,000. Finally, Copos Capital S.a r.l. acquired a new position in shares of Snowflake in the fourth quarter worth $35,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analysts raised their price targets. Truist increased its target from $300 to $375 and maintained a “buy” rating, citing additional upside from Snowflake’s AI strategy and execution. Bank of America also raised its target to $395. The revisions reinforce bullish sentiment and imply further potential appreciation. Truist raises Snowflake price target
• Positive Sentiment: Snowflake introduced dynamic AI model routing. The capability in Cortex AI Gateway and other products lets customers route workloads among multiple models based on complexity, cost and governance requirements. This may improve efficiency, reduce dependence on any one model provider and make Snowflake more attractive to enterprise customers. Snowflake introduces dynamic model routing
• Positive Sentiment: The company is positioning itself as an “agentic control plane.” Commentary suggests Snowflake is seeking to manage data, governance and workflows as enterprises deploy autonomous AI agents. AI-related products are supporting reported product-revenue growth of 34%, while the company’s most recent quarterly results also exceeded revenue and earnings expectations. Snowflake’s agentic AI strategy
• Neutral Sentiment: Snowflake is being compared with Palantir as enterprise AI infrastructure. Both companies are viewed as potential beneficiaries of production AI adoption, but investors continue to weigh their differing growth, valuation and business models. Palantir and Snowflake comparison
• Negative Sentiment: Insider selling and security concerns remain risks. Director Frank Slootman sold a combined 300,000 shares for approximately $97.4 million across August 18 and 19, reducing his holdings substantially. The transactions were made under a pre-arranged Rule 10b5-1 plan, which limits their signaling value, but the scale may still weigh on sentiment. A report of a Snowflake vulnerability exploited after evading AI security checks also creates reputational and cybersecurity concerns. Snowflake insider selling

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.