JPMorgan Chase & Co. Issues Pessimistic Forecast for Snowflake (NYSE:SNOW) Stock Price

Snowflake (NYSE:SNOW) had its target price lowered by investment analysts at JPMorgan Chase & Co. from $268.00 to $245.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 41.59% from the company’s previous close.

A number of other brokerages also recently weighed in on SNOW. BTIG Research lowered their price target on Snowflake from $312.00 to $235.00 and set a “buy” rating on the stock in a report on Monday. Raymond James Financial reaffirmed an “outperform” rating on shares of Snowflake in a research report on Monday, February 2nd. Morgan Stanley decreased their target price on shares of Snowflake from $270.00 to $245.00 and set an “overweight” rating for the company in a research note on Thursday. UBS Group reduced their price objective on Snowflake from $265.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Jefferies Financial Group set a $300.00 target price on Snowflake in a research report on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $248.58.

Snowflake Trading Up 2.3%

Shares of Snowflake stock traded up $3.82 on Thursday, reaching $173.03. 16,357,418 shares of the company were exchanged, compared to its average volume of 6,586,470. Snowflake has a fifty-two week low of $120.10 and a fifty-two week high of $280.67. The firm has a market capitalization of $59.21 billion, a price-to-earnings ratio of -42.83 and a beta of 1.14. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock has a fifty day moving average price of $201.01 and a 200-day moving average price of $223.09.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the business posted $0.30 EPS. Snowflake’s revenue was up 30.1% on a year-over-year basis. On average, analysts expect that Snowflake will post -2.36 EPS for the current year.

Insider Activity

In other news, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $165.22, for a total value of $66,583.66. Following the transaction, the director directly owned 23,718 shares in the company, valued at approximately $3,918,687.96. The trade was a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Vivek Raghunathan sold 11,801 shares of Snowflake stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the transaction, the senior vice president directly owned 218,020 shares in the company, valued at approximately $48,060,328.80. This represents a 5.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 713,681 shares of company stock valued at $148,264,518 in the last quarter. 6.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Snowflake

Several hedge funds have recently made changes to their positions in SNOW. Grey Fox Wealth Advisors LLC acquired a new position in Snowflake in the third quarter valued at about $25,000. Tripletail Wealth Management LLC acquired a new stake in shares of Snowflake during the third quarter worth approximately $28,000. Kemnay Advisory Services Inc. bought a new position in shares of Snowflake in the fourth quarter valued at approximately $28,000. Rossby Financial LCC boosted its holdings in shares of Snowflake by 4,233.3% in the 2nd quarter. Rossby Financial LCC now owns 130 shares of the company’s stock worth $29,000 after acquiring an additional 127 shares in the last quarter. Finally, Greenline Wealth Management LLC bought a new stake in Snowflake during the 4th quarter worth approximately $29,000. Institutional investors own 65.10% of the company’s stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4 results beat: Revenue of $1.28B (+30% YoY) and adjusted EPS topped expectations — the report and stronger cash flow drove positive investor reaction. Snowflake Stock Surges After Q4 Revenue Jumps 30%, EPS Tops Estimates
• Positive Sentiment: Guidance and demand: Management forecasted FY‑2027 product revenue growth above Street expectations (management targeting ~27% product growth), which analysts say reflects healthy, AI-driven demand for Snowflake’s data platform. Snowflake expects annual product revenue above estimates as AI boosts demand (Reuters)
• Positive Sentiment: AI positioning validated by analysts: Several boutiques and brokers called Snowflake an “AI winner” and said the company is well‑positioned to capture enterprise data moving into AI workflows. That supports a multi‑quarter growth narrative. Snowflake Seen as ‘AI Winner’ (Yahoo)
• Positive Sentiment: Backlog / RPO and cash flow strength: Remaining performance obligations and a larger revenue backlog were highlighted as evidence of durable demand and near-term revenue visibility. Market commentary points to improving cash generation. MarketBeat: Snowflake Q4 and backlog analysis
• Positive Sentiment: Big deals and product wins: Management noted large contract wins (including a ~$400M deal disclosure in coverage) and expanding enterprise adoption—an upside driver for future consumption. Seeking Alpha: FY27 outlook and large deal
• Neutral Sentiment: Mixed analyst reactions: Many firms trimmed price targets after the cautious elements of guidance (UBS, Morgan Stanley, Piper, TD Cowen among others) but kept buy/overweight stances — signaling confidence on secular AI exposure but short‑term caution. Benzinga: Analysts slash forecasts after Q4
• Neutral Sentiment: Comparator and competitive notes: Coverage comparing Snowflake to peers (e.g., Samsara) highlights Snowflake’s AI tailwinds but also shows rival strengths — useful context for relative positioning, not an immediate catalyst. Zacks: Snowflake vs. Samsara
• Negative Sentiment: Market reaction and mixed outlook: Some outlets noted shares slipped in places despite the beat because management’s guide was viewed as conservative — that created short‑term volatility. Snowflake Q4 Earnings Beat, Shares Fall (Yahoo)
• Negative Sentiment: Legal risks: Multiple class‑action filings / investor notices and looming filing deadlines were announced this week; litigation risk raises an overhang for short‑term sentiment. GlobeNewswire: Portnoy Law Firm class action notice

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.