Snowflake (NYSE:SNOW) Price Target Raised to $500.00

Snowflake (NYSE:SNOW) had its price objective lifted by UBS Group from $425.00 to $500.00 in a report published on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Other analysts also recently issued reports about the stock. Needham & Company LLC boosted their price target on shares of Snowflake from $330.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday. Cantor Fitzgerald raised their price objective on Snowflake from $405.00 to $430.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays lifted their price objective on Snowflake from $332.00 to $384.00 and gave the stock an “equal weight” rating in a report on Thursday. Benchmark boosted their target price on Snowflake from $290.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Finally, Deutsche Bank Aktiengesellschaft set a $400.00 target price on Snowflake in a report on Thursday. Thirty-four analysts have rated the stock with 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $414.24.

Snowflake Trading Down 5.0%

SNOW stock opened at $338.47 on Thursday. The company has a market capitalization of $117.31 billion, a PE ratio of -106.44 and a beta of 1.33. Snowflake has a one year low of $118.30 and a one year high of $384.56. The company’s 50 day moving average price is $297.66 and its two-hundred day moving average price is $220.33. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 47.20%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the company earned $0.35 EPS. The firm’s revenue was up 35.1% on a year-over-year basis. As a group, analysts predict that Snowflake will post -1.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Snowflake

In related news, EVP Christian Kleinerman sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $325.00, for a total value of $8,125,000.00. Following the sale, the executive vice president directly owned 340,379 shares of the company’s stock, valued at $110,623,175. This trade represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 289,685 shares of the business’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $274.39, for a total value of $79,486,667.15. Following the transaction, the director owned 28,535 shares in the company, valued at approximately $7,829,718.65. This represents a 91.03% decrease in their position. 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 quarter, insiders have sold 1,131,160 shares of company stock worth $317,966,701. 4.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Snowflake

Several hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System raised its holdings in shares of Snowflake by 25,944.6% during the second quarter. California State Teachers Retirement System now owns 127,340,602 shares of the company’s stock valued at $32,408,183,000 after acquiring an additional 126,851,670 shares in the last quarter. Norges Bank bought a new stake in Snowflake in the fourth quarter valued at $974,091,000. Jericho Capital Asset Management L.P. bought a new stake in Snowflake in the fourth quarter valued at $345,619,000. William Blair Investment Management LLC increased its position in Snowflake by 159.9% during the 4th quarter. William Blair Investment Management LLC now owns 1,346,998 shares of the company’s stock valued at $295,477,000 after purchasing an additional 828,789 shares during the period. Finally, Pictet Asset Management Holding SA increased its position in Snowflake by 44.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,600,571 shares of the company’s stock valued at $392,259,000 after purchasing an additional 803,110 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong Q2 results: Snowflake reported adjusted earnings of $0.62 per share versus the $0.45 consensus estimate, while revenue increased 35.1% year over year to $1.55 billion, ahead of expectations. Product revenue rose 37% to approximately $1.49 billion. Snowflake shares surge as AI demand powers growth and lifts outlook
• Positive Sentiment: AI is accelerating demand: Management said AI-related offerings contributed about half of the recent growth acceleration. Snowflake’s CoCo coding agent added more than 2,000 accounts, supporting the view that enterprise AI workloads can increase consumption of its data platform. Analysts discuss Snowflake’s AI-driven acceleration
• Positive Sentiment: Guidance and analyst targets moved higher: Snowflake raised fiscal 2027 product-revenue guidance to $6.07 billion from $5.84 billion. UBS, Citi, JPMorgan, TD Cowen and other firms subsequently raised targets, with several reaching $450 to $500 and maintaining bullish ratings. Snowflake’s AI momentum prompts higher price targets
• Neutral Sentiment: Profit-taking after a major rally: The stock had surged more than 20% after the earnings release and reached levels near its 52-week high. The current retreat likely reflects investors locking in gains rather than a deterioration in the latest operating results.
• Negative Sentiment: Margin and valuation risks remain: Management lowered fiscal 2027 gross-margin guidance to 74% as expanding AI workloads increase costs. Snowflake also remains unprofitable under generally accepted accounting principles, while its high valuation leaves the stock vulnerable to further profit-taking if growth expectations moderate. Snowflake’s AI growth and margin outlook
• Negative Sentiment: Executive stock sale: EVP Christian Kleinerman sold 10,000 shares for approximately $3.8 million under a pre-arranged Rule 10b5-1 plan. While scheduled sales do not necessarily signal a change in business outlook, the transaction may add to short-term investor caution after the rally.

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.