BTIG Research Cuts Snowflake (NYSE:SNOW) Price Target to $235.00

Snowflake (NYSE:SNOW) had its target price cut by BTIG Research from $312.00 to $235.00 in a research note published on Monday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft lifted their price target on Snowflake from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Scotiabank reaffirmed an “outperform” rating on shares of Snowflake in a research report on Thursday, December 4th. Piper Sandler reiterated an “overweight” rating and set a $285.00 price target on shares of Snowflake in a report on Thursday, December 4th. Argus raised shares of Snowflake from a “hold” rating to a “buy” rating and set a $300.00 price objective on the stock in a report on Thursday, January 8th. Finally, UBS Group reiterated a “buy” rating on shares of Snowflake in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $265.63.

Snowflake Stock Performance

NYSE SNOW opened at $169.74 on Monday. The company has a market cap of $58.09 billion, a P/E ratio of -42.02 and a beta of 1.14. The company has a fifty day simple moving average of $201.01 and a 200 day simple moving average of $223.09. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. Snowflake has a 12-month low of $120.10 and a 12-month high of $280.67.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. The firm 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%. The business’s revenue was up 28.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 earnings per share. Sell-side analysts predict that Snowflake will post -2.36 earnings per share for the current fiscal year.

Insider Activity at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $165.22, for a total value of $66,583.66. Following the sale, the director directly owned 23,718 shares in the company, valued at $3,918,687.96. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $197.09, for a total value of $1,970,900.00. Following the transaction, the executive vice president directly owned 461,351 shares in the company, valued at $90,927,668.59. This represents a 2.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 713,681 shares of company stock worth $148,264,518. 6.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Snowflake during the fourth quarter worth about $974,091,000. Winslow Capital Management LLC bought a new stake in Snowflake during the second quarter valued at approximately $725,667,000. Jennison Associates LLC grew 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 worth $2,545,300,000 after buying an additional 2,519,413 shares in the last quarter. Coatue Management LLC bought a new position in shares of Snowflake in the 3rd quarter worth $441,277,000. Finally, Jericho Capital Asset Management L.P. bought a new position in shares of Snowflake in the 4th quarter worth $345,619,000. 65.10% of the stock is owned by institutional investors.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Company forecast fiscal 2027 product revenue above Wall Street estimates, which investors interpreted as confirmation that AI-driven demand is accelerating for Snowflake’s data cloud platform. Snowflake expects annual product revenue above estimates as AI boosts demand
• Positive Sentiment: Q4 product revenue and key backlog metrics came in strong — ~30% revenue growth and a large increase in remaining performance obligations (RPO), supporting the narrative that customers are adopting Snowflake for AI workloads. Snowflake Revenue Rises As AI Adoption Accelerates
• Neutral Sentiment: Wall Street analysts and forecasters revised expectations ahead of the report, producing mixed price-target moves and heightened focus on the company’s AI strategy — this kept both buyers and sellers active into the print. Top Wall Street Forecasters Revamp Snowflake Expectations Ahead Of Q4 Earnings
• Negative Sentiment: Profitability missed badly — Snowflake reported a large GAAP/net loss and an EPS shortfall versus expectations, which pressured the stock after-hours and highlights that growth is still coming with sizable near-term losses. Snowflake Q4 earnings and EPS miss (MarketBeat)
• Negative Sentiment: Multiple law firms have filed or are investigating potential securities class actions related to Snowflake, increasing legal risk and potential future liability/costs for the company. SNOW DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Snowflake (SNOW) Investors of Securities Class Action Deadline
• Negative Sentiment: Notable insider selling and mixed institutional shifts were reported around the quarter, which may weigh on sentiment despite the top-line strength. QuiverQuant: insider selling and Q4 earnings summary

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.