Snowflake (NYSE:SNOW) Price Target Lowered to $192.00 at Barclays

Snowflake (NYSE:SNOW) had its price objective decreased by Barclays from $204.00 to $192.00 in a report issued on Thursday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

SNOW has been the subject of a number of other reports. Monness Crespi & Hardt increased their price target on Snowflake from $275.00 to $282.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus decreased their price objective on shares of Snowflake from $280.00 to $225.00 and set a “buy” rating for the company in a research report on Monday. Citigroup lowered their target price on shares of Snowflake from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Wells Fargo & Company cut 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. Finally, Bank of America raised their price target on shares of Snowflake from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Snowflake has an average rating of “Moderate Buy” and a consensus target price of $248.58.

Snowflake Trading Up 2.3%

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

Snowflake (NYSE:SNOW) last released its quarterly earnings results 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 net margin of 28.43% and a negative return on equity of 48.50%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the company earned $0.30 earnings per share. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Snowflake will post -2.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Snowflake

In related news, Director Frank Slootman sold 100,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $176.91, for a total transaction of $17,691,000.00. Following the completion of the transaction, the director owned 50,329 shares of the company’s stock, valued at $8,903,703.39. This trade 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, EVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $197.09, for a total transaction of $1,970,900.00. Following the transaction, the executive vice president owned 461,351 shares of the company’s stock, valued at $90,927,668.59. This represents a 2.12% decrease in their ownership of the stock. 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. 6.80% of the stock is owned by insiders.

Institutional Trading of Snowflake

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

Snowflake News Summary

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

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.