TD Cowen Cuts Snowflake (NYSE:SNOW) Price Target to $255.00

Snowflake (NYSE:SNOW) had its price objective trimmed by TD Cowen from $270.00 to $255.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms also recently issued reports on SNOW. Piper Sandler reduced their price target on shares of Snowflake from $285.00 to $230.00 and set an “overweight” rating for the company in a research report on Thursday. Morgan Stanley set a $270.00 price objective on Snowflake in a research report on Thursday, February 19th. Evercore increased their price objective on shares of Snowflake from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Snowflake in a report on Wednesday, January 21st. Finally, Canaccord Genuity Group lifted their target price on Snowflake from $260.00 to $270.00 and gave the company a “buy” rating 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and an average target price of $248.58.

Snowflake Stock Performance

NYSE:SNOW opened at $168.42 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market cap of $57.63 billion, a price-to-earnings ratio of -42.64 and a beta of 1.14. The firm’s fifty day moving average price is $198.95 and its 200 day moving average price is $222.78. Snowflake has a 1-year low of $120.10 and a 1-year high of $280.67.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the firm earned $0.30 earnings per share. The firm’s revenue was up 30.1% compared to the same quarter last year. On average, sell-side analysts expect that Snowflake will post -2.36 EPS for the current year.

Insiders Place Their Bets

In other news, Director Frank Slootman sold 200,000 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $221.83, for a total transaction 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 trade represents a 79.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $249.53, for a total value of $2,495,300.00. Following the completion of the sale, the executive vice president owned 512,450 shares of the company’s stock, valued at approximately $127,871,648.50. This trade represents a 1.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 713,681 shares of company stock valued at $148,264,518. 6.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Snowflake

A number of institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in Snowflake in the fourth quarter valued at about $974,091,000. Winslow Capital Management LLC bought a new position in shares of Snowflake in the second quarter valued at approximately $725,667,000. Jennison Associates LLC boosted its holdings in Snowflake by 27.7% during the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after acquiring an additional 2,519,413 shares during the period. Coatue Management LLC bought a new stake in Snowflake during the 3rd quarter valued at approximately $441,277,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in shares of Snowflake in the fourth quarter valued at approximately $345,619,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

More 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.