Morgan Stanley Cuts Snowflake (NYSE:SNOW) Price Target to $245.00

Snowflake (NYSE:SNOW) had its price target reduced by Morgan Stanley from $270.00 to $245.00 in a research note released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also issued reports on SNOW. Wells Fargo & Company dropped their price target on shares of Snowflake from $290.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday. Jefferies Financial Group set a $300.00 price objective on shares of Snowflake in a research report on Monday, November 24th. Oppenheimer restated a “buy” rating on shares of Snowflake in a report on Thursday. Rosenblatt Securities reiterated a “buy” rating and issued a $275.00 target price on shares of Snowflake in a report on Thursday. Finally, Evercore increased their price objective on shares of Snowflake from $280.00 to $300.00 and gave the company an “outperform” 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 given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $248.58.

Snowflake Stock Performance

Shares of Snowflake stock opened at $168.42 on Thursday. Snowflake has a 52 week low of $120.10 and a 52 week high of $280.67. The firm has a market capitalization of $57.63 billion, a P/E ratio of -42.64 and a beta of 1.14. 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’s 50 day moving average is $198.95 and its two-hundred day moving average is $222.78.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the company posted $0.30 earnings per share. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. Research analysts forecast that Snowflake will post -2.36 EPS for the current fiscal year.

Insider Activity at Snowflake

In other news, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $230.65, for a total transaction of $11,610,459.70. Following the completion of the sale, the director owned 32,756 shares in the company, valued at approximately $7,555,171.40. This represents a 60.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank Slootman sold 200,000 shares of the stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $221.83, for a total value of $44,366,000.00. Following the completion of the transaction, the director owned 50,329 shares of the company’s stock, valued at $11,164,482.07. This trade represents a 79.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 713,681 shares of company stock worth $148,264,518 over the last ninety days. Insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Snowflake by 1.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock worth $165,123,000 after buying an additional 8,002 shares in the last quarter. Federated Hermes Inc. raised its stake in Snowflake by 13.5% during the third quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock worth $92,047,000 after acquiring an additional 48,411 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Snowflake by 32.8% in the third quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock worth $34,586,000 after acquiring an additional 37,911 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Snowflake by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock valued at $6,461,465,000 after purchasing an additional 857,832 shares in the last quarter. Finally, Rheos Capital Works Inc. boosted its stake in shares of Snowflake by 102.9% in the 3rd quarter. Rheos Capital Works Inc. now owns 207,000 shares of the company’s stock valued at $46,689,000 after purchasing an additional 105,000 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

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

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.