Snowflake (NYSE:SNOW) Given New $450.00 Price Target at DA Davidson

Snowflake (NYSE:SNOW) had its price target raised by DA Davidson from $300.00 to $450.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price target indicates a potential upside of 46.43% from the stock’s current price.

SNOW has been the subject of several other reports. Cantor Fitzgerald upped their price objective on shares of Snowflake from $282.00 to $405.00 and gave the stock an “overweight” rating in a report on Monday. Benchmark lifted their target price on shares of Snowflake from $290.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Citizens Jmp boosted their price target on shares of Snowflake from $408.00 to $488.00 and gave the company a “market outperform” rating in a research report on Thursday. Weiss Ratings downgraded shares of Snowflake from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Finally, Jefferies Financial Group set a $430.00 price target on shares of Snowflake in a research note 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $363.73.

Snowflake Price Performance

Shares of SNOW stock opened at $307.31 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $106.51 billion, a P/E ratio of -87.30 and a beta of 1.33. The business’s 50 day moving average price is $293.26 and its 200-day moving average price is $218.27. Snowflake has a fifty-two week low of $118.30 and a fifty-two week high of $341.95.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The firm’s revenue was up 35.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. On average, equities research analysts anticipate that Snowflake will post -1.81 earnings per share for the current year.

Insider Activity

In other news, Director Frank Slootman sold 48,990 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $320.78, for a total value of $15,715,012.20. Following the sale, the director directly owned 28,535 shares of the company’s stock, valued at $9,153,457.30. This represents a 63.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $325.00, for a total transaction of $8,125,000.00. Following the completion of the transaction, the executive vice president owned 340,379 shares of the company’s stock, valued at approximately $110,623,175. The trade was a 6.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,156,901 shares of company stock worth $321,725,352. Corporate insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

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

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Quarterly results exceeded expectations: Snowflake reported adjusted EPS of $0.62 versus the $0.45 consensus estimate and revenue of $1.55 billion versus $1.48 billion expected. Revenue rose 35.1% year over year, while product revenue increased 37% to $1.49 billion. Snowflake lifts annual product revenue forecast
• Positive Sentiment: Raised guidance and improving profitability outlook: Management lifted its full-year product-revenue forecast and indicated fiscal 2027 product revenue of approximately $6.07 billion, alongside a 14.5% non-GAAP operating-margin target. The upgraded outlook suggests durable demand for Snowflake’s cloud data platform. Snowflake FY 2027 guidance
• Positive Sentiment: AI adoption is becoming a growth catalyst: Snowflake cited momentum in its AI coding agent CoCo and other offerings such as CoWork and Cortex. Analysts believe AI-driven workloads could continue to accelerate consumption and expand Snowflake’s competitive advantages. Wall Street analysts discuss Snowflake
• Positive Sentiment: Analyst support remains strong: Rosenblatt raised its price target to $345 and maintained a Buy rating. Other analysts see additional upside as Snowflake benefits from the AI trend. Rosenblatt price target
• Neutral Sentiment: Customer adoption provides validation: Sayari selected Snowflake to rebuild its commercial data model for AI, potentially reducing its data-infrastructure costs by more than 50%. However, the company has not quantified the revenue contribution from customers adopting AI. Sayari selects Snowflake
• Negative Sentiment: High valuation and ongoing losses remain concerns: Despite the earnings beat, Snowflake trades at an elevated valuation, has a negative GAAP net margin and return on equity, and faces criticism over stock-based compensation and dilution. High short interest could increase volatility if future growth or AI monetization disappoints.

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.