TD Cowen Issues Positive Forecast for Snowflake (NYSE:SNOW) Stock Price

Snowflake (NYSE:SNOW) had its target price upped by equities research analysts at TD Cowen from $255.00 to $300.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target suggests a potential upside of 27.30% from the stock’s current price.

Several other equities analysts have also weighed in on SNOW. Royal Bank Of Canada reissued an “outperform” rating and set a $284.00 price objective on shares of Snowflake in a report on Thursday. Bank of America increased their price target on Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday. Scotiabank upped their price objective on shares of Snowflake from $205.00 to $285.00 and gave the company a “sector outperform” rating in a report on Thursday. JPMorgan Chase & Co. reduced their target price on shares of Snowflake from $268.00 to $245.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Finally, Cantor Fitzgerald set a $282.00 price target on shares of Snowflake in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Snowflake has an average rating of “Moderate Buy” and a consensus target price of $277.03.

Snowflake Stock Performance

NYSE:SNOW traded up $60.41 during trading on Thursday, reaching $235.67. The company’s stock had a trading volume of 19,288,676 shares, compared to its average volume of 6,949,168. The firm has a market cap of $81.47 billion, a price-to-earnings ratio of -59.90 and a beta of 1.08. Snowflake has a 12 month low of $118.30 and a 12 month high of $280.67. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a 50 day moving average of $153.75 and a 200-day moving average of $190.65.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The firm’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 earnings per share. Research analysts expect that Snowflake will post -2.16 EPS for the current fiscal year.

Insider Activity

In other news, Director Michael L. Speiser sold 403 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $141.59, for a total value of $57,060.77. Following the completion of the transaction, the director directly owned 22,509 shares in the company, valued at approximately $3,187,049.31. This represents a 1.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Vivek Raghunathan sold 3,876 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $152.80, for a total value of $592,252.80. Following the transaction, the senior vice president owned 273,323 shares in the company, valued at $41,763,754.40. This trade represents a 1.40% decrease in their ownership of the stock. 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. Over the last 90 days, insiders have sold 428,963 shares of company stock valued at $71,996,216. 4.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Snowflake

Institutional investors have recently made changes to their positions in the business. Total Clarity Wealth Management Inc. boosted 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 holdings in Snowflake by 0.9% during the 3rd 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 period. Hazlett Burt & Watson Inc. boosted its holdings in Snowflake by 44.1% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock valued at $36,000 after acquiring an additional 49 shares during the period. Wolff Wiese Magana LLC grew its position in Snowflake by 10.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 549 shares of the company’s stock worth $120,000 after acquiring an additional 50 shares during the last quarter. Finally, HHM Wealth Advisors LLC increased its stake in Snowflake by 50.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after purchasing an additional 50 shares during the period. Hedge funds and other 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: Snowflake reported first-quarter fiscal 2027 results that beat expectations, with EPS of $0.39 and revenue of $1.39 billion, while product revenue rose 34% year over year. Snowflake Reports Financial Results for the First Quarter of Fiscal 2027
• Positive Sentiment: The company raised its annual product revenue forecast, signaling that enterprise AI and cloud migration demand is improving faster than expected. Snowflake jumps as enterprise demand for data offerings drives forecast raise
• Positive Sentiment: Snowflake announced a five-year, $6 billion strategic collaboration with Amazon Web Services, including use of AWS Graviton processors and AI infrastructure, which investors view as a major growth catalyst. Snowflake Expands AWS Collaboration with $6B Commitment to Accelerate Enterprise Agentic AI Adoption
• Positive Sentiment: Several Wall Street firms raised price targets and reiterated buy ratings, including Bank of America, Benchmark, Needham, Stifel, and Monness Crespi & Hardt, reinforcing bullish sentiment after the earnings report. Analyst price target updates
• Neutral Sentiment: Snowflake also announced it intends to acquire Natoma, a move aimed at improving governance and secure connectivity for AI agents; the deal is strategically important but still needs to close. Snowflake Announces Intent to Acquire Natoma
• Negative Sentiment: Despite the rally, Snowflake remains unprofitable on a GAAP basis and its valuation has risen sharply, which could make the stock more sensitive to any slowdown in AI spending or execution missteps.

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.