Snowflake (NYSE:SNOW) Given New $320.00 Price Target at Monness Crespi & Hardt

Snowflake (NYSE:SNOW) had its target price lifted by research analysts at Monness Crespi & Hardt from $282.00 to $320.00 in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Monness Crespi & Hardt’s price objective points to a potential upside of 83.28% from the company’s current price.

SNOW has been the topic of a number of other research reports. The Goldman Sachs Group boosted their target price on Snowflake from $216.00 to $278.00 and gave the stock a “buy” rating in a research note on Thursday. Cantor Fitzgerald reduced their price objective on Snowflake from $250.00 to $225.00 and set an “overweight” rating for the company in a research note on Tuesday. Rosenblatt Securities restated a “buy” rating and issued a $275.00 price objective on shares of Snowflake in a research note on Thursday, May 21st. Raymond James Financial restated an “outperform” rating and issued a $275.00 price objective on shares of Snowflake in a research note on Thursday. Finally, Guggenheim restated a “neutral” rating on shares of Snowflake in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and an average price target of $258.82.

Snowflake Trading Down 1.7%

Shares of Snowflake stock opened at $174.60 on Thursday. The stock has a fifty day simple moving average of $153.75 and a 200 day simple moving average of $190.65. Snowflake has a 12-month low of $118.30 and a 12-month high of $280.67. The company has a market capitalization of $60.36 billion, a P/E ratio of -44.20 and a beta of 1.08. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted $0.24 earnings per share. Snowflake’s revenue was up 33.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Snowflake will post -2.16 earnings per share for the current fiscal year.

Insider Transactions at Snowflake

In other news, SVP Vivek Raghunathan sold 3,876 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total transaction of $592,252.80. Following the transaction, the senior vice president owned 273,323 shares of the company’s stock, valued at $41,763,754.40. This represents a 1.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 144,650 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $175.45, for a total transaction of $25,378,842.50. Following the sale, the director directly owned 38,046 shares in the company, valued at $6,675,170.70. The trade was a 79.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 428,963 shares of company stock worth $71,996,216 over the last quarter. 4.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Snowflake

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Snowflake by 5.1% during the 4th 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 in the last quarter. Jennison Associates LLC lifted its holdings in Snowflake by 27.7% during the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after purchasing an additional 2,519,413 shares in the last quarter. Nuveen LLC lifted its holdings 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 purchasing an additional 116,521 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Snowflake by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock worth $1,052,195,000 after purchasing an additional 249,668 shares in the last quarter. Finally, Norges Bank purchased a new stake in Snowflake during the 4th quarter worth about $974,091,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported Q1 fiscal 2027 earnings of $0.39 per share, topping estimates of $0.32, on revenue of $1.39 billion versus expectations of $1.32 billion, with product revenue up 34% year over year. Snowflake Reports Financial Results for the First Quarter of Fiscal 2027
• Positive Sentiment: The company raised its annual product revenue forecast, signaling stronger-than-expected demand from enterprises adopting AI-driven workloads and cloud migrations. Snowflake raises annual product revenue forecast as enterprises ramp up AI workloads
• Positive Sentiment: Snowflake announced a five-year, $6 billion strategic collaboration with AWS, including spending tied to Graviton processors and AI infrastructure, which investors see as a major validation of its AI expansion plans. Snowflake signs $6 billion deal with AWS tied to AI infrastructure
• Positive Sentiment: Snowflake also disclosed plans to acquire Natoma, an enterprise AI-agent connectivity platform, to strengthen its governance and identity layer for agentic AI use cases. Snowflake Announces Intent to Acquire Natoma, Providing Secure Connectivity For The Agentic Enterprise

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.