Snowflake (NYSE:SNOW) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Key Points

• Rosenblatt Securities raised Snowflake’s price target from $285 to $345 and maintained a “buy” rating, implying 4.02% upside from the prior close. Analysts overall assign the stock a “Moderate Buy” consensus rating with a $333.08 average target.
• Snowflake shares opened at $331.68 and remain near their 12-month high of $341.95, with a market capitalization of approximately $115 billion. The company reported a negative P/E ratio of -94.23, highlighting ongoing profitability concerns.
• Insiders sold heavily over the past three months, disposing of 1.16 million shares worth about $321.7 million, while institutional investors own 65.1% of the stock.

Snowflake (NYSE:SNOW - Get Free Report) had its price objective raised by equities researchers at Rosenblatt Securities from $285.00 to $345.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the stock. Rosenblatt Securities' price target would indicate a potential upside of 4.02% from the company's previous close.

SNOW has been the subject of a number of other research reports. Weiss Ratings downgraded Snowflake from a "sell (d-)" rating to a "sell (e+)" rating in a report on Thursday, June 11th. The Goldman Sachs Group upped their price target on shares of Snowflake from $216.00 to $278.00 and gave the stock a "buy" rating in a research note on Thursday, May 28th. KeyCorp increased their price target on shares of Snowflake from $285.00 to $325.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Raymond James Financial reissued an "outperform" rating and issued a $275.00 target price on shares of Snowflake in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. upped their target price on shares of Snowflake from $245.00 to $285.00 and gave the company an "overweight" rating in a research note on Thursday, May 28th. Thirty-four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $333.08.

Snowflake Stock Performance

NYSE:SNOW opened at $331.68 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake has a twelve month low of $118.30 and a twelve month high of $341.95. The stock has a market cap of $114.96 billion, a P/E ratio of -94.23 and a beta of 1.33. The firm's fifty day simple moving average is $289.86 and its 200 day simple moving average is $216.33.

Insider Activity at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 25,000 shares of the business's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $325.00, for a total value of $8,125,000.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 50,338 shares of the company's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $245.21, for a total transaction of $12,343,380.98. Following the sale, the director directly owned 27,716 shares in the company, valued at approximately $6,796,240.36. The trade was a 64.49% 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. Over the last three months, insiders have sold 1,156,901 shares of company stock worth $321,725,352. Corporate insiders own 4.80% of the company's stock.

Hedge Funds Weigh In On Snowflake

Large investors have recently made changes to their positions in the company. California State Teachers Retirement System lifted its stake in Snowflake by 25,944.6% in the second quarter. California State Teachers Retirement System now owns 127,340,602 shares of the company's stock worth $32,408,183,000 after purchasing an additional 126,851,670 shares during the last quarter. Nuveen LLC increased 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 purchasing an additional 116,521 shares during the period. Geode Capital Management LLC increased its stake in Snowflake by 5.5% in the fourth 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 during the period. Norges Bank bought a new stake in shares of Snowflake during the fourth quarter worth $974,091,000. Finally, Janus Henderson Group PLC boosted its stake in shares of Snowflake by 22.2% during the first quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company's stock valued at $452,014,000 after purchasing an additional 544,960 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Higher price target and favorable analyst view: Cantor Fitzgerald raised its Snowflake target from $282 to $405 and maintained an “overweight” rating, citing expectations that product revenue could exceed company guidance by more than 3%. A separate analyst survey shows a consensus “moderate buy” recommendation. Cantor Lifts Snowflake Target to $405 Two Days Before Earnings
• Positive Sentiment: AI and enterprise-security momentum: CrowdStrike is bringing its Falcon platform to the Snowflake Marketplace, potentially increasing platform usage and strengthening Snowflake’s position as a venue for combining enterprise data with AI-native security workloads. CrowdStrike Brings the Falcon Platform to Snowflake
• Positive Sentiment: Strong earnings setup: Investors are watching product revenue, net revenue retention, customer growth, consumption trends and guidance. Commentary points to AI offerings such as CoCo and CoWork potentially accelerating migrations and platform consumption, while some analysts believe results could push the stock to a new five-year high. Snowflake Earnings Preview: The AI Trade Is Moving Into Software
• Neutral Sentiment: High volatility is expected: Options and market analysis imply a potentially large post-earnings move, reflecting elevated expectations and uncertainty around the report. How Much Snowflake Stock Is Expected to Move After Earnings
• Negative Sentiment: Valuation and profitability remain risks: Snowflake’s premium valuation, GAAP losses, stock-based compensation and dilution could pressure the shares if growth or guidance falls short. Near-record short interest also signals substantial skepticism despite the stock’s strong 2026 gains. Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against?
• Negative Sentiment: Reported service issues: User reports of Snowflake ID login, dashboard and API disruptions add a near-term operational concern, although the breadth and duration of the incident remain unclear. Snowflake ID Outage Reports

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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