Analysts Set Snowflake Inc. (NYSE:SNOW) Price Target at $242.19

Snowflake Inc. (NYSE:SNOW) has been assigned an average rating of “Moderate Buy” from the forty-two ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-four have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $284.3846.

A number of analysts have commented on SNOW shares. Sanford C. Bernstein upped their target price on shares of Snowflake from $195.00 to $250.00 and gave the company a “market perform” rating in a report on Thursday. The Goldman Sachs Group upped their target price on shares of Snowflake from $216.00 to $278.00 and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity Group upped their target price on shares of Snowflake from $240.00 to $325.00 and gave the company a “buy” rating in a report on Thursday. Wedbush upped their target price on shares of Snowflake from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Snowflake from $230.00 to $250.00 and gave the company a “buy” rating in a report on Thursday.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat Q1 expectations, raised product revenue guidance, and pointed to stronger demand for its AI offerings, reinforcing the growth story. Article Title
• Positive Sentiment: The company’s $6 billion AWS partnership is being viewed as a major AI infrastructure catalyst that could deepen enterprise adoption. Article Title
• Positive Sentiment: Analysts raised price targets and maintained bullish ratings after the earnings report, signaling growing confidence in SNOW’s upside. Article Title
• Positive Sentiment: Snowflake is being repriced as a key “agentic AI” data platform, with investors seeing it as foundational infrastructure for enterprise AI workflows. Article Title
• Neutral Sentiment: Director Frank Slootman disclosed a pre-arranged share sale under a 10b5-1 trading plan, which is noteworthy but not necessarily a negative signal on the business. Article Title

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $236.77, for a total transaction of $1,183,850.00. Following the completion of the sale, the executive vice president directly owned 528,494 shares of the company’s stock, valued at approximately $125,131,524.38. This represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 on Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total transaction of $592,252.80. Following the completion of the sale, the senior vice president directly owned 273,323 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 889,413 shares of company stock valued at $176,342,125 in the last ninety days. Corporate insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SNOW. Brighton Jones LLC lifted its stake in shares of Snowflake by 90.0% during the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after buying an additional 29,320 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of Snowflake by 24.0% during the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after buying an additional 2,167 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Snowflake by 29.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after buying an additional 73 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Snowflake during the 2nd quarter valued at $221,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Snowflake by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock valued at $5,055,000 after buying an additional 1,521 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Stock Up 7.0%

SNOW opened at $255.94 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. The firm has a 50 day moving average price of $156.69 and a 200-day moving average price of $190.95. Snowflake has a twelve month low of $118.30 and a twelve month high of $280.67. The stock has a market capitalization of $88.48 billion, a price-to-earnings ratio of -72.71 and a beta of 1.08.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 49.29%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the company earned $0.24 earnings per share. The firm’s revenue was up 33.5% on a year-over-year basis. Equities research analysts forecast that Snowflake will post -2.2 earnings per share for the current year.

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.