Snowflake Inc. (NYSE:SNOW) Receives $248.58 Consensus Price Target from Analysts

Snowflake Inc. (NYSE:SNOW) has received an average recommendation of “Moderate Buy” from the forty-two analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, thirty-three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $248.5789.

Several brokerages have commented on SNOW. The Goldman Sachs Group dropped their target price on shares of Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. DA Davidson reduced their price target on shares of Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Canaccord Genuity Group lowered their price objective on shares of Snowflake from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Snowflake from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, Robert W. Baird upped their target price on shares of Snowflake from $260.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th.

Snowflake Stock Down 1.1%

Shares of Snowflake stock opened at $177.39 on Tuesday. The company has a market capitalization of $60.70 billion, a P/E ratio of -44.91 and a beta of 1.16. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37. The business has a 50-day moving average of $190.43 and a two-hundred day moving average of $221.30. Snowflake has a 1 year low of $120.10 and a 1 year high of $280.67.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating 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 business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the business posted $0.30 EPS. Snowflake’s revenue for the quarter was up 30.1% on a year-over-year basis. As a group, equities analysts predict that Snowflake will post -2.36 EPS for the current year.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Product and guidance beat — Snowflake reported rising product revenues (Q4 product revs noted at ~$1.22B) and the company expects ~27% YoY revenue growth for Q1 FY27, supporting the growth narrative. SNOW’s Robust Portfolio Fuels Revenue Growth
• Positive Sentiment: Analyst support and AI positioning — At least one recent analyst upgrade and continued coverage on Snowflake’s role in enterprise AI/context reinforce upside potential. Snowflake Gets Upgrade
• Positive Sentiment: Market opportunity — New studies and thought leadership (global GenAI adoption, enterprise AI ROI) bolster the TAM story and customer adoption evidence. India emerges as global leader in GenAI adoption
• Neutral Sentiment: Valuation debate — Analysts note strong growth but some see the current valuation as fair/discounting risk — useful context for positioning but not an immediate catalyst. Snowflake: Strong Growth, But Valuation Appears Fair
• Neutral Sentiment: Sector/industry coverage — Surveys and comparative pieces (AI job surveys, VC recalibration) reinforce demand trends; these are background drivers rather than immediate stock movers. Is AI stealing our jobs?
• Negative Sentiment: Legal risk intensifies — Multiple law firms have issued class‑action notices and reminders (lead‑plaintiff deadlines around April 27, 2026), increasing litigation overhang and potential future liability. Portnoy Law Firm Announces Class Action
• Negative Sentiment: Insider sales and market reaction — Recent Form 4 disclosures show material director and executive stock sales (including Frank Slootman and EVP Christian Kleinerman); coverage links these sales to short‑term downward pressure. Insider Selling: Director Sells $8.8M

Insider Activity

In related news, EVP Christian Kleinerman sold 550 shares of Snowflake stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $182.44, for a total value of $100,342.00. Following the sale, the executive vice president owned 501,835 shares of the company’s stock, valued at approximately $91,554,777.40. This trade represents a 0.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael L. Speiser sold 50,338 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $175.19, for a total value of $8,818,714.22. Following the completion of the sale, the director owned 30,236 shares in the company, valued at $5,297,044.84. The trade was a 62.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 713,732 shares of company stock worth $144,510,676 over the last three months. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Snowflake by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock worth $6,601,790,000 after purchasing an additional 1,448,094 shares during the last quarter. Jennison Associates LLC increased its stake in Snowflake by 27.7% in the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after buying an additional 2,519,413 shares during the last quarter. State Street Corp lifted its position in Snowflake by 1.4% during the 2nd quarter. State Street Corp now owns 6,887,073 shares of the company’s stock worth $1,541,120,000 after buying an additional 94,293 shares in the last quarter. Nuveen LLC lifted its position in Snowflake by 2.3% during the 4th quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock worth $1,157,749,000 after buying an additional 116,521 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in shares of Snowflake by 15.2% during the 2nd quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock worth $1,108,045,000 after buying an additional 652,485 shares during the last quarter. 65.10% of the stock is owned by institutional investors.

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.