Canaccord Genuity Group Has Lowered Expectations for Snowflake (NYSE:SNOW) Stock Price

Snowflake (NYSE:SNOW) had its target price cut by research analysts at Canaccord Genuity Group from $270.00 to $240.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 42.50% from the stock’s previous close.

Several other research firms have also recently commented on SNOW. Bank of America upped their price target on Snowflake from $280.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Citigroup dropped their price objective on shares of Snowflake from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Needham & Company LLC reduced their target price on shares of Snowflake from $280.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday. Barclays lowered their target price on shares of Snowflake from $204.00 to $192.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Evercore increased their price target on shares of Snowflake from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $248.58.

Snowflake Stock Performance

NYSE SNOW opened at $168.42 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. Snowflake has a 52-week low of $120.10 and a 52-week high of $280.67. The business’s 50-day moving average price is $198.95 and its 200 day moving average price is $222.58. The firm has a market cap of $57.63 billion, a P/E ratio of -42.64 and a beta of 1.14.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 EPS 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 firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the business earned $0.30 EPS. The firm’s revenue was up 30.1% compared to the same quarter last year. On average, equities research analysts expect that Snowflake will post -2.36 earnings per share for the current year.

Insider Activity at Snowflake

In related news, Director Michael L. Speiser sold 50,338 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $230.65, for a total value of $11,610,459.70. Following the sale, the director owned 32,756 shares in the company, valued at $7,555,171.40. This represents a 60.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Frank Slootman sold 200,000 shares of Snowflake stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $221.83, for a total value of $44,366,000.00. Following the transaction, the director directly owned 50,329 shares of the company’s stock, valued at approximately $11,164,482.07. This represents a 79.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 713,681 shares of company stock valued at $148,264,518. 6.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Snowflake

Several large investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Snowflake in the fourth quarter worth $974,091,000. Winslow Capital Management LLC purchased a new stake in shares of Snowflake during the second quarter worth about $725,667,000. Jennison Associates LLC grew its holdings in shares of Snowflake by 27.7% during the fourth 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 acquired a new position in shares of Snowflake in the third quarter valued at approximately $441,277,000. Finally, Jericho Capital Asset Management L.P. purchased a new position in shares of Snowflake during the fourth quarter valued at approximately $345,619,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4 beat and healthy demand: Snowflake reported ~30% y/y revenue growth and an EPS beat, with improving cash flow and strong customer metrics that underpin medium‑term revenue momentum. Snowflake Stock Surges After Q4 Revenue Jumps 30%, EPS Tops Estimates
• Positive Sentiment: AI positioning and market opportunity: Management highlighted agentic AI capabilities, partnerships (OpenAI/Anthropic integrations) and accelerating enterprise AI adoption — including faster growth in India — supporting a durable addressable market for Snowflake’s data cloud. Snowflake sees high levels of AI adoption among India Inc; country growth faster than global
• Positive Sentiment: Market technical/bull case: Some analysts and MarketBeat argue the sell‑off is overdone, institutions have been accumulating, and Snowflake’s cross‑cloud data position makes it central to AI workflows — a potential catalyst for a recovery. Is Snowflake’s Stock Meltdown Over? Signs Point to a Bottom
• Neutral Sentiment: Analyst repositioning: Many firms kept Buy/Overweight ratings but trimmed price targets after the quarter (UBS, Morgan Stanley, JPMorgan, Canaccord, etc.), leaving a mix of upside potential and reduced near‑term analyst support. These Analysts Slash Their Forecasts On Snowflake After Q4 Results
• Negative Sentiment: Mixed outlook disappointed some investors: Management’s FY27 product revenue guide (~27%) was viewed as conservative relative to some buyside expectations, contributing to a share pullback despite the beat. Snowflake’s stock dips as the software company gives a mixed outlook
• Negative Sentiment: Rising legal risk: Multiple law firms and class‑action notices were filed or publicized this week, creating legal overhang and increasing near‑term uncertainty for shareholders. Deadlines for lead‑plaintiff filings are being emphasized. Bronstein, Gewirtz & Grossman LLC Urges Snowflake Inc. Investors to Act: Class Action Filed
• Negative Sentiment: Profitability concerns persist: Commentary (e.g., Motley Fool) notes that while growth is strong, durable GAAP profitability remains elusive — a point that keeps some investors sidelined despite the AI narrative. Why I’m Still Not Buying Snowflake Stock

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.