Truist Financial Cuts Snowflake (NYSE:SNOW) Price Target to $240.00

Snowflake (NYSE:SNOW) had its price target reduced by Truist Financial from $270.00 to $240.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also issued reports on SNOW. Wedbush reiterated an “outperform” rating and issued a $270.00 price target on shares of Snowflake in a report on Thursday, December 4th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 target price on shares of Snowflake in a research report on Monday, February 23rd. Oppenheimer reissued a “buy” rating on shares of Snowflake in a research report on Thursday. DA Davidson restated a “buy” rating and set a $300.00 price target on shares of Snowflake in a research note on Friday, January 30th. Finally, Macquarie Infrastructure raised their price objective on shares of Snowflake from $235.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and a consensus price target of $248.58.

Snowflake Stock Down 2.7%

Shares of NYSE SNOW opened at $168.42 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The firm has a market cap of $57.63 billion, a PE ratio of -42.64 and a beta of 1.14. The company’s fifty day simple moving average is $198.95 and its 200 day simple moving average is $222.78. Snowflake has a 12-month low of $120.10 and a 12-month high of $280.67.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. As a group, sell-side analysts forecast that Snowflake will post -2.36 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Vivek Raghunathan sold 11,801 shares of the business’s 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 transaction, the senior vice president owned 218,020 shares in the company, valued at $48,060,328.80. The trade was a 5.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank Slootman sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $176.91, for a total value of $17,691,000.00. Following the completion of the transaction, the director directly owned 50,329 shares of the company’s stock, valued at approximately $8,903,703.39. This represents a 66.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 713,681 shares of company stock valued at $148,264,518. 6.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Snowflake

Hedge funds have recently made changes to their positions in the business. Total Clarity Wealth Management Inc. grew its position in Snowflake by 2.7% during the third quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock valued at $340,000 after buying an additional 40 shares during the period. Diligent Investors LLC boosted its stake in Snowflake by 0.9% in the third quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock valued at $1,036,000 after acquiring an additional 40 shares during the last quarter. Coastline Trust Co grew its position in shares of Snowflake by 1.0% during the 3rd quarter. Coastline Trust Co now owns 4,183 shares of the company’s stock valued at $943,000 after acquiring an additional 42 shares during the period. Wedbush Securities Inc. increased its stake in shares of Snowflake by 1.3% during the 2nd quarter. Wedbush Securities Inc. now owns 3,717 shares of the company’s stock worth $832,000 after purchasing an additional 48 shares during the last quarter. Finally, CX Institutional increased its stake in shares of Snowflake by 13.2% during the 3rd quarter. CX Institutional now owns 421 shares of the company’s stock worth $95,000 after purchasing an additional 49 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4 beat and healthy demand: Snowflake reported ~30% y/y revenue growth and an EPS beat, with improving cash flow and strong customer metrics that underpin medium‑term revenue momentum. Snowflake Stock Surges After Q4 Revenue Jumps 30%, EPS Tops Estimates
• Positive Sentiment: AI positioning and market opportunity: Management highlighted agentic AI capabilities, partnerships (OpenAI/Anthropic integrations) and accelerating enterprise AI adoption — including faster growth in India — supporting a durable addressable market for Snowflake’s data cloud. Snowflake sees high levels of AI adoption among India Inc; country growth faster than global
• Positive Sentiment: Market technical/bull case: Some analysts and MarketBeat argue the sell‑off is overdone, institutions have been accumulating, and Snowflake’s cross‑cloud data position makes it central to AI workflows — a potential catalyst for a recovery. Is Snowflake’s Stock Meltdown Over? Signs Point to a Bottom
• Neutral Sentiment: Analyst repositioning: Many firms kept Buy/Overweight ratings but trimmed price targets after the quarter (UBS, Morgan Stanley, JPMorgan, Canaccord, etc.), leaving a mix of upside potential and reduced near‑term analyst support. These Analysts Slash Their Forecasts On Snowflake After Q4 Results
• Negative Sentiment: Mixed outlook disappointed some investors: Management’s FY27 product revenue guide (~27%) was viewed as conservative relative to some buyside expectations, contributing to a share pullback despite the beat. Snowflake’s stock dips as the software company gives a mixed outlook
• Negative Sentiment: Rising legal risk: Multiple law firms and class‑action notices were filed or publicized this week, creating legal overhang and increasing near‑term uncertainty for shareholders. Deadlines for lead‑plaintiff filings are being emphasized. Bronstein, Gewirtz & Grossman LLC Urges Snowflake Inc. Investors to Act: Class Action Filed
• Negative Sentiment: Profitability concerns persist: Commentary (e.g., Motley Fool) notes that while growth is strong, durable GAAP profitability remains elusive — a point that keeps some investors sidelined despite the AI narrative. Why I’m Still Not Buying Snowflake Stock

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.