Sanford C. Bernstein Cuts Snowflake (NYSE:SNOW) Price Target to $195.00

Posted by Donald Scott on Mar 1st, 2026

Snowflake (NYSE:SNOW – Free Report) had its target price trimmed by Sanford C. Bernstein from $237.00 to $195.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a market perform rating on the stock.

A number of other research firms also recently commented on SNOW. Barclays cut their target price on shares of Snowflake from $204.00 to $192.00 and set an “equal weight” rating for the company in a research report on Thursday. Scotiabank cut their price objective on Snowflake from $290.00 to $205.00 and set a “sector outperform” rating for the company in a report on Thursday. KeyCorp lowered their target price on Snowflake from $285.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Stifel Nicolaus set a $205.00 target price on Snowflake in a research report on Thursday. Finally, DA Davidson cut their price target on Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $248.58.

Get Our Latest Stock Analysis on SNOW

Snowflake Price Performance

NYSE SNOW opened at $168.42 on Thursday. Snowflake has a one year low of $120.10 and a one year high of $280.67. The stock has a 50-day moving average of $198.95 and a 200 day moving average of $222.78. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market capitalization of $57.63 billion, a price-to-earnings ratio of -42.64 and a beta of 1.14.

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

Insider Activity

In other news, Director Frank Slootman sold 100,000 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $176.91, for a total value of $17,691,000.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Vivek Raghunathan sold 11,801 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total transaction of $2,601,412.44. Following the sale, the senior vice president owned 218,020 shares in the company, valued at $48,060,328.80. The trade was a 5.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 713,681 shares of company stock worth $148,264,518 in the last quarter. 6.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Snowflake

Large investors have recently made changes to their positions in the business. Grey Fox Wealth Advisors LLC bought a new stake in Snowflake during the 3rd quarter valued at approximately $25,000. Tripletail Wealth Management LLC bought a new position in Snowflake in the 3rd quarter worth approximately $28,000. Kemnay Advisory Services Inc. purchased a new stake in Snowflake during the 4th quarter valued at approximately $28,000. Rossby Financial LCC raised its position in shares of Snowflake by 4,233.3% during the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock valued at $29,000 after buying an additional 127 shares during the last quarter. Finally, Greenline Wealth Management LLC bought a new stake in shares of Snowflake during the fourth quarter valued at approximately $29,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Snowflake

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

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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.