UBS Group Raises Snowflake (NYSE:SNOW) Price Target to $500.00

Snowflake (NYSE:SNOW) had its price target increased by equities researchers at UBS Group from $425.00 to $500.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential upside of 35.06% from the stock’s current price.

A number of other equities analysts have also recently issued reports on SNOW. DA Davidson increased their target price on Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday. TD Cowen increased their price objective on Snowflake from $300.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. BTIG Research lifted their price objective on Snowflake from $340.00 to $424.00 and gave the company a “buy” rating in a report on Thursday. Needham & Company LLC boosted their target price on shares of Snowflake from $330.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Raymond James Financial reiterated an “outperform” rating and set a $425.00 target price on shares of Snowflake in a research report on Thursday. Thirty-four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $390.49.

Snowflake Stock Up 21.0%

NYSE SNOW traded up $64.36 during trading on Thursday, reaching $370.19. The company’s stock had a trading volume of 9,741,491 shares, compared to its average volume of 6,771,195. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $128.31 billion, a PE ratio of -105.24 and a beta of 1.33. Snowflake has a 1-year low of $118.30 and a 1-year high of $384.56. The business has a 50-day moving average price of $293.26 and a 200-day moving average price of $218.27.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business earned $0.35 EPS. The firm’s revenue was up 35.1% compared to the same quarter last year. On average, research analysts forecast that Snowflake will post -1.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $324.06, for a total transaction of $130,596.18. Following the sale, the director directly owned 22,573 shares of the company’s stock, valued at $7,315,006.38. The trade was a 1.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of Snowflake stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $325.00, for a total value of $8,125,000.00. Following the completion of the sale, the executive vice president directly owned 340,379 shares in the company, valued at approximately $110,623,175. This represents a 6.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,156,901 shares of company stock worth $321,725,352. Corporate insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

Hedge funds and other institutional investors have recently made changes to their positions in the company. North Dakota State Investment Board acquired a new position in Snowflake in the fourth quarter valued at about $3,495,000. Allstate Corp increased its holdings in Snowflake by 108.1% in the 4th quarter. Allstate Corp now owns 24,497 shares of the company’s stock worth $5,374,000 after purchasing an additional 12,724 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in Snowflake by 86.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 209,653 shares of the company’s stock worth $45,989,000 after buying an additional 97,128 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of Snowflake by 159.9% during the fourth quarter. William Blair Investment Management LLC now owns 1,346,998 shares of the company’s stock worth $295,477,000 after purchasing an additional 828,789 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Snowflake in the second quarter valued at about $1,399,000. 65.10% of the stock is owned by institutional investors.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported adjusted earnings of $0.62 per share, above the $0.45 consensus estimate, while revenue reached $1.55 billion, exceeding expectations of $1.48 billion and increasing 35% year over year. Reuters: Snowflake shares surge as AI demand powers growth and lifts outlook
• Positive Sentiment: Management raised fiscal 2027 product-revenue guidance to $6.07 billion, citing stronger-than-expected AI demand. Product revenue grew 37%, and adoption of AI offerings including the CoCo coding agent and Cortex helped reinforce the company’s AI-growth narrative. CNBC: Snowflake spikes on healthy results and AI coding momentum
• Positive Sentiment: Several analysts raised their price targets and adopted bullish ratings after the results. Targets include $424 from BTIG, $450 from DA Davidson, Canaccord and Monness Crespi & Hardt, and $488 from Citizens JMP, with ratings ranging from “buy” to “market outperform.”
• Neutral Sentiment: Snowflake’s selection by Sayari to rebuild its Commercial World Model supports the platform’s enterprise-data and AI positioning. Sayari expects the migration to reduce its data-infrastructure costs by more than 50%, although the announcement is unlikely to materially affect near-term financial results. PR Newswire: Sayari selects Snowflake
• Negative Sentiment: Management lowered fiscal 2027 gross-margin guidance to 74%, a further 100-basis-point reduction, warning that expanding AI workloads are increasing costs. This raises questions about how efficiently Snowflake can monetize rapid AI usage. Seeking Alpha: Snowflake’s hidden warning in Q2
• Negative Sentiment: At an elevated valuation, Snowflake remains exposed to disappointment if AI growth slows or margins deteriorate. Persistent GAAP losses, stock-based compensation dilution, and substantial short interest add volatility and may explain why the stock has decreased despite strong results.

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.