Citizens Jmp Increases Snowflake (NYSE:SNOW) Price Target to $488.00

Snowflake (NYSE:SNOW) had its target price boosted by equities researchers at Citizens Jmp from $408.00 to $488.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp’s target price suggests a potential upside of 58.80% from the stock’s current price.

Several other brokerages also recently issued reports on SNOW. Barclays upped their price target on shares of Snowflake from $285.00 to $332.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 27th. Oppenheimer upped their price target on Snowflake from $295.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Cantor Fitzgerald lifted their target price on Snowflake from $282.00 to $405.00 and gave the stock an “overweight” rating in a report on Monday. Needham & Company LLC reissued a “buy” rating and set a $450.00 price objective (up from $330.00) on shares of Snowflake in a research report on Thursday. Finally, BTIG Research upped their price target on Snowflake from $325.00 to $340.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Thirty-four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $356.30.

Snowflake Trading Down 3.9%

Shares of NYSE:SNOW opened at $307.31 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $106.51 billion, a PE ratio of -87.30 and a beta of 1.33. The firm has a fifty day moving average price of $293.26 and a 200 day moving average price of $218.27. Snowflake has a 1 year low of $118.30 and a 1 year high of $341.95.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.17. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The firm’s revenue was up 35.1% compared to the same quarter last year. During the same period last year, the business posted $0.35 earnings per share. Analysts expect that Snowflake will post -1.81 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction on Friday, August 7th. The shares were sold at an average price of $324.06, for a total value of $130,596.18. Following the completion of the sale, the director owned 22,573 shares in the company, valued at $7,315,006.38. The trade was a 1.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 48,990 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $320.78, for a total value of $15,715,012.20. Following the sale, the director owned 28,535 shares of the company’s stock, valued at approximately $9,153,457.30. This represents a 63.19% 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 1,156,901 shares of company stock valued at $321,725,352 over the last 90 days. Company insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SNOW. California State Teachers Retirement System lifted its holdings in shares of Snowflake by 25,944.6% during the 2nd quarter. California State Teachers Retirement System now owns 127,340,602 shares of the company’s stock worth $32,408,183,000 after acquiring an additional 126,851,670 shares during the last quarter. Nuveen LLC boosted its stake in Snowflake by 2.3% in the fourth 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. Geode Capital Management LLC raised its stake in shares of Snowflake by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock worth $1,052,195,000 after acquiring an additional 249,668 shares in the last quarter. Norges Bank purchased a new stake in shares of Snowflake in the 4th quarter valued at $974,091,000. Finally, Janus Henderson Group PLC lifted its stake in Snowflake by 22.2% in the first quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company’s stock worth $452,014,000 after purchasing an additional 544,960 shares during the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Quarterly results exceeded expectations: Snowflake reported adjusted EPS of $0.62 versus the $0.45 consensus estimate and revenue of $1.55 billion versus $1.48 billion expected. Revenue rose 35.1% year over year, while product revenue increased 37% to $1.49 billion. Snowflake lifts annual product revenue forecast
• Positive Sentiment: Raised guidance and improving profitability outlook: Management lifted its full-year product-revenue forecast and indicated fiscal 2027 product revenue of approximately $6.07 billion, alongside a 14.5% non-GAAP operating-margin target. The upgraded outlook suggests durable demand for Snowflake’s cloud data platform. Snowflake FY 2027 guidance
• Positive Sentiment: AI adoption is becoming a growth catalyst: Snowflake cited momentum in its AI coding agent CoCo and other offerings such as CoWork and Cortex. Analysts believe AI-driven workloads could continue to accelerate consumption and expand Snowflake’s competitive advantages. Wall Street analysts discuss Snowflake
• Positive Sentiment: Analyst support remains strong: Rosenblatt raised its price target to $345 and maintained a Buy rating. Other analysts see additional upside as Snowflake benefits from the AI trend. Rosenblatt price target
• Neutral Sentiment: Customer adoption provides validation: Sayari selected Snowflake to rebuild its commercial data model for AI, potentially reducing its data-infrastructure costs by more than 50%. However, the company has not quantified the revenue contribution from customers adopting AI. Sayari selects Snowflake
• Negative Sentiment: High valuation and ongoing losses remain concerns: Despite the earnings beat, Snowflake trades at an elevated valuation, has a negative GAAP net margin and return on equity, and faces criticism over stock-based compensation and dilution. High short interest could increase volatility if future growth or AI monetization disappoints.

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.