Snowflake (NYSE:SNOW) Price Target Cut to $255.00 by Analysts at TD Cowen

Posted by Tyrone Williams on Feb 27th, 2026

Snowflake (NYSE:SNOW – Free Report) had its target price trimmed by TD Cowen from $270.00 to $255.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also issued reports on the company. Wells Fargo & Company cut their target price on Snowflake from $290.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday. Wedbush reaffirmed an “outperform” rating and issued a $270.00 price objective on shares of Snowflake in a research report on Thursday, December 4th. Mizuho decreased their target price on shares of Snowflake from $285.00 to $220.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. DA Davidson lowered their target price on shares of Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Macquarie Infrastructure upped their price target on Snowflake from $235.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Two research 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $248.58.

Get Our Latest Research Report on SNOW

Snowflake Stock Performance

Shares of NYSE:SNOW opened at $173.03 on Thursday. The company has a market capitalization of $59.21 billion, a price-to-earnings ratio of -43.81 and a beta of 1.14. Snowflake has a 52 week low of $120.10 and a 52 week high of $280.67. 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 50 day moving average of $200.03 and a 200 day moving average of $222.74.

Snowflake (NYSE:SNOW – Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. On average, sell-side analysts predict that Snowflake will post -2.36 earnings per share for the current fiscal year.

Insider Activity at Snowflake

In related news, Director Frank Slootman sold 100,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total value of $17,691,000.00. Following the transaction, the director directly owned 50,329 shares of the company’s stock, valued at $8,903,703.39. This represents a 66.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $197.09, for a total value of $1,970,900.00. Following the sale, the executive vice president directly owned 461,351 shares of the company’s stock, valued at approximately $90,927,668.59. This represents a 2.12% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 713,681 shares of company stock valued at $148,264,518. 6.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Snowflake

Hedge funds and other institutional investors have recently bought and sold shares of the business. Grey Fox Wealth Advisors LLC acquired a new stake in Snowflake during the 3rd quarter valued at approximately $25,000. Tripletail Wealth Management LLC purchased a new position in shares of Snowflake during the third quarter worth $28,000. Kemnay Advisory Services Inc. acquired a new position in Snowflake during the fourth quarter valued at $28,000. Rossby Financial LCC boosted its holdings in Snowflake by 4,233.3% in the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock valued at $29,000 after purchasing an additional 127 shares during the last quarter. Finally, Greenline Wealth Management LLC acquired a new stake in Snowflake during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Q4 beat and strong momentum — Snowflake reported fiscal Q4 revenue up ~30% and adjusted EPS above estimates; management highlighted robust product demand, cash‑flow gains and a large remaining performance obligation (RPO) backlog that supports growth. Snowflake expects annual product revenue above estimates as AI boosts demand
Positive Sentiment: FY27 product revenue guide viewed as supportive — management outlined ~27% product revenue growth for fiscal 2027 and flagged AI workloads as a material demand driver, which analysts and investors see as confirmation of the company’s positioning in the enterprise AI transition. Snowflake outlines 27% product revenue growth outlook for FY ’27 while expanding AI
Positive Sentiment: Analyst commentary and AI thesis — several firms (RBC, Wedbush, Morgan Stanley coverage noted in media) framed Snowflake as well‑positioned for enterprise AI, which provided a demand narrative supporting the rally. Snowflake Seen as ‘AI Winner’ as Companies Move More Data to AI Workflows, Wedbush Says
Neutral Sentiment: Mixed market reaction — despite the beat, some investors focused on the guidance cadence and margin dynamics, producing mixed intraday responses in different outlets; watch execution versus the RPO-to-revenue ramp. Snowflake’s stock dips as the software company gives a mixed outlook
Negative Sentiment: Multiple class‑action notices and lawsuits — several law firms (Rosen, Portnoy, Faruqi & Faruqi, Bernstein Liebhard, etc.) have publicized class actions tied to prior disclosures; legal overhang and potential litigation costs increase investor risk and can pressure sentiment. ROSEN, A LONGSTANDING LAW FIRM, Encourages Snowflake Inc Investors to Secure Counsel
Negative Sentiment: Widespread price‑target cuts — many brokerages trimmed SNOW price targets after the print (while often keeping buy/overweight ratings), which can cap near‑term upside and contribute to volatility as analysts reset models. These Analysts Slash Their Forecasts On Snowflake After Q4 Results

About Snowflake

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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.