Citigroup Lowers Snowflake (NYSE:SNOW) Price Target to $270.00

Snowflake (NYSE:SNOW) had its target price reduced by equities researchers at Citigroup from $300.00 to $270.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 51.93% from the company’s previous close.

Several other equities analysts have also weighed in on SNOW. Macquarie Infrastructure upped their price objective on shares of Snowflake from $235.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. KeyCorp boosted their target price on Snowflake from $275.00 to $285.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Canaccord Genuity Group upped their price target on Snowflake from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Cantor Fitzgerald raised their price objective on Snowflake from $275.00 to $278.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Finally, UBS Group restated a “buy” rating on shares of Snowflake in a report on Thursday, December 4th. 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $271.97.

Snowflake Trading Up 0.3%

Shares of SNOW stock traded up $0.62 during trading hours on Wednesday, hitting $177.72. 2,425,920 shares of the company were exchanged, compared to its average volume of 5,940,365. The company has a 50 day simple moving average of $206.83 and a two-hundred day simple moving average of $224.71. The firm has a market cap of $60.81 billion, a P/E ratio of -44.05 and a beta of 1.14. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. Snowflake has a fifty-two week low of $120.10 and a fifty-two week high of $280.67.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.18 billion. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. Snowflake’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.20 EPS. Equities analysts anticipate that Snowflake will post -2.36 EPS for the current year.

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Frank Slootman sold 200,000 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $206.77, for a total transaction of $41,354,000.00. Following the transaction, the director directly owned 50,329 shares in the company, valued at approximately $10,406,527.33. This trade represents a 79.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael L. Speiser sold 50,338 shares of Snowflake stock in a transaction on Friday, February 6th. The stock was sold at an average price of $165.22, for a total transaction of $8,316,844.36. Following the transaction, the director directly owned 31,076 shares in the company, valued at $5,134,376.72. This represents a 61.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 613,681 shares of company stock valued at $130,573,518 in the last three months. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Snowflake

A number of institutional investors have recently added to or reduced their stakes in the company. Polymer Capital Management US LLC bought a new position in shares of Snowflake during the 4th quarter worth approximately $260,000. Occudo Quantitative Strategies LP increased its position in shares of Snowflake by 149.6% during the fourth quarter. Occudo Quantitative Strategies LP now owns 7,534 shares of the company’s stock valued at $1,653,000 after acquiring an additional 4,515 shares during the last quarter. Inspire Investing LLC increased its position in shares of Snowflake by 9.7% during the fourth quarter. Inspire Investing LLC now owns 1,497 shares of the company’s stock valued at $328,000 after acquiring an additional 132 shares during the last quarter. Investment Management Corp of Ontario lifted its holdings in Snowflake by 49.4% during the fourth quarter. Investment Management Corp of Ontario now owns 28,733 shares of the company’s stock worth $6,303,000 after acquiring an additional 9,507 shares during the period. Finally, Janus Henderson Group PLC boosted its position in Snowflake by 20.4% in the fourth quarter. Janus Henderson Group PLC now owns 2,452,425 shares of the company’s stock worth $537,907,000 after purchasing an additional 415,951 shares during the last quarter. 65.10% of the stock is owned by institutional investors.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Zacks expects Snowflake to beat upcoming earnings, pointing to revenue and margin drivers that could support upside vs consensus if trends continue. Snowflake Inc. (SNOW) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
• Positive Sentiment: Product momentum: Snowflake’s new coding agent is being positioned as category-leading by the head of product — a potential differentiator for developer adoption and long-term platform stickiness. Snowflake’s new coding agent is in a category of its own, says head of product
• Positive Sentiment: Institutional commentary highlights Snowflake as an attractive AI/cloud exposure amid the software re-shake — pieces arguing for Snowflake’s AI positioning and long-term upside can support investor confidence. Snowflake, SalesForce: Finding Value In The AI Software Shake-Up
• Neutral Sentiment: Guggenheim reaffirmed a neutral rating on SNOW — a steady-but-unexciting stance that may limit upside from the analyst community short-term. Benzinga coverage
• Neutral Sentiment: Coverage and thematic write-ups (InsiderMonkey, 247) highlight the company in AI/cloud conversations; useful for sentiment but not an immediate catalyst unless tied to earnings or guidance. What Makes Snowflake (SNOW) a Lucrative Investment?
• Negative Sentiment: Mizuho sharply trimmed its price target (from $285 to $220) despite keeping an outperform rating — a meaningful reduction that can weigh on sentiment and cap near-term upside. Snowflake price target lowered by Mizuho
• Negative Sentiment: Goldman Sachs also cut its price target (to $246 from $286) while retaining a Buy — another analyst re‑rating that reduces headline upside and could pressure the stock absent strong results. Goldman Sachs Reduces PT on Snowflake Inc. (SNOW) Stock
• Negative Sentiment: Competitive risk: reports say Snowflake shares fell after Google announced a BigQuery global queries feature — features from cloud rivals can erode differentiation and pricing power over time. Snowflake stock falls amid Google’s new BigQuery global queries feature
• Negative Sentiment: Legal/investor risk: Pomerantz announced an investigation into Snowflake investor claims — such actions can be a headline risk and increase volatility until resolved. Pomerantz Law Firm Investigates Claims On-Behalf of Investors of Snowflake Inc.
• Negative Sentiment: Recent intraday/overnight trading updates and a Zacks note that the stock recently slid highlight near-term volatility; material moves will likely depend on the upcoming earnings and updated guidance. Snowflake Inc. (SNOW) Stock Slides as Market Rises

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.