Snowflake (NYSE:SNOW) Given New $424.00 Price Target at BTIG Research

Snowflake (NYSE:SNOW) had its price objective boosted by equities research analysts at BTIG Research from $340.00 to $424.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s price target indicates a potential upside of 37.97% from the company’s current price.

SNOW has been the topic of several other reports. Oppenheimer lifted their target price on Snowflake from $295.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Stifel Nicolaus set a $350.00 price target on Snowflake in a research note on Tuesday, August 18th. Canaccord Genuity Group raised their price objective on Snowflake from $240.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Rosenblatt Securities lifted their price objective on Snowflake from $285.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Monness Crespi & Hardt upped their target price on Snowflake from $380.00 to $450.00 and gave the company a “buy” rating in a report on Thursday. Thirty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Snowflake presently 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 firm has a 50 day moving average price of $293.26 and a two-hundred day moving average price of $218.27. The stock has a market cap of $106.51 billion, a P/E ratio of -87.30 and a beta of 1.33. Snowflake has a 52-week low of $118.30 and a 52-week high of $341.95. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. Snowflake’s revenue was up 35.1% compared to the same quarter last year. As a group, equities analysts forecast that Snowflake will post -1.81 EPS for the current year.

Insider Transactions at Snowflake

In other Snowflake news, Director Frank Slootman sold 289,685 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $274.39, for a total value of $79,486,667.15. Following the transaction, the director directly owned 28,535 shares of the company’s stock, valued at approximately $7,829,718.65. The trade was a 91.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $325.00, for a total value of $8,125,000.00. Following the transaction, the executive vice president owned 340,379 shares in the company, valued at $110,623,175. The trade was a 6.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,156,901 shares of company stock valued at $321,725,352. Corporate insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in shares of Snowflake by 90.0% during the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after purchasing an additional 29,320 shares during the period. Intech Investment Management LLC grew its stake in shares of Snowflake by 24.0% in the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after buying an additional 2,167 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Snowflake by 29.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after buying an additional 73 shares during the period. Flow Traders U.S. LLC bought a new stake in Snowflake in the 2nd quarter valued at about $221,000. Finally, The Manufacturers Life Insurance Company raised its stake in Snowflake by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock worth $5,055,000 after buying an additional 1,521 shares during the period. 65.10% of the stock is owned by 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.

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.