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

Snowflake (NYSE:SNOW) had its price objective increased by Monness Crespi & Hardt from $380.00 to $450.00 in a report issued on Thursday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Barclays increased their price objective on shares of Snowflake from $285.00 to $332.00 and gave the company an “equal weight” rating in a research note on Thursday, August 27th. Citigroup increased their price target on shares of Snowflake from $320.00 to $395.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. DA Davidson raised their price target on shares of Snowflake from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Rosenblatt Securities lifted their price objective on Snowflake from $285.00 to $345.00 and gave the company a “buy” rating in a report on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft set a $400.00 price objective on Snowflake in a research note on Thursday. Thirty-four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $414.24.

Snowflake Stock Performance

Shares of SNOW opened at $338.47 on Thursday. The firm has a market cap of $117.31 billion, a price-to-earnings ratio of -106.44 and a beta of 1.33. The company’s fifty day moving average is $297.66 and its 200-day moving average is $220.33. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake has a 12 month low of $118.30 and a 12 month high of $384.56.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.17. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. Snowflake had a negative net margin of 20.07% and a negative return on equity of 47.20%. Snowflake’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 EPS. Equities analysts expect that Snowflake will post -1.8 EPS for the current fiscal year.

Insider Buying and Selling

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $380.00, for a total value of $3,800,000.00. Following the completion of the transaction, the executive vice president owned 18,568 shares in the company, valued at approximately $7,055,840. The trade was a 35.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Speiser sold 403 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $324.06, for a total value of $130,596.18. Following the completion of the transaction, the director directly owned 22,573 shares in the company, valued at approximately $7,315,006.38. This represents a 1.75% 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 1,131,160 shares of company stock worth $317,966,701 in the last three months. Insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Snowflake

Hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its position in Snowflake by 25,944.6% in the 2nd quarter. California State Teachers Retirement System now owns 127,340,602 shares of the company’s stock valued at $32,408,183,000 after acquiring an additional 126,851,670 shares in the last quarter. Nuveen LLC lifted its position in shares of Snowflake by 2.3% during the fourth quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock worth $1,157,749,000 after purchasing an additional 116,521 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Snowflake by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock worth $1,052,195,000 after purchasing an additional 249,668 shares in the last quarter. Norges Bank bought a new stake in shares of Snowflake during the fourth quarter valued at approximately $974,091,000. Finally, Janus Henderson Group PLC increased its holdings in shares of Snowflake by 22.2% in the first 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 in the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong Q2 results: Snowflake reported adjusted earnings of $0.62 per share versus the $0.45 consensus estimate, while revenue increased 35.1% year over year to $1.55 billion, ahead of expectations. Product revenue rose 37% to approximately $1.49 billion. Snowflake shares surge as AI demand powers growth and lifts outlook
• Positive Sentiment: AI is accelerating demand: Management said AI-related offerings contributed about half of the recent growth acceleration. Snowflake’s CoCo coding agent added more than 2,000 accounts, supporting the view that enterprise AI workloads can increase consumption of its data platform. Analysts discuss Snowflake’s AI-driven acceleration
• Positive Sentiment: Guidance and analyst targets moved higher: Snowflake raised fiscal 2027 product-revenue guidance to $6.07 billion from $5.84 billion. UBS, Citi, JPMorgan, TD Cowen and other firms subsequently raised targets, with several reaching $450 to $500 and maintaining bullish ratings. Snowflake’s AI momentum prompts higher price targets
• Neutral Sentiment: Profit-taking after a major rally: The stock had surged more than 20% after the earnings release and reached levels near its 52-week high. The current retreat likely reflects investors locking in gains rather than a deterioration in the latest operating results.
• Negative Sentiment: Margin and valuation risks remain: Management lowered fiscal 2027 gross-margin guidance to 74% as expanding AI workloads increase costs. Snowflake also remains unprofitable under generally accepted accounting principles, while its high valuation leaves the stock vulnerable to further profit-taking if growth expectations moderate. Snowflake’s AI growth and margin outlook
• Negative Sentiment: Executive stock sale: EVP Christian Kleinerman sold 10,000 shares for approximately $3.8 million under a pre-arranged Rule 10b5-1 plan. While scheduled sales do not necessarily signal a change in business outlook, the transaction may add to short-term investor caution after the rally.

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.