Snowflake Inc. (NYSE:SNOW) Stock Has Average Price Target of $414.24 According to Analysts

Key Points

• Analysts maintain a bullish outlook: Forty firms give Snowflake a consensus “Moderate Buy” rating, with 34 buys, five holds and one sell. The average 12-month price target is $414.24, above the cited share price of $336.36.
• Strong quarterly results and AI momentum support the case: Snowflake reported $1.55 billion in revenue and $0.62 in EPS, beating estimates of $1.48 billion and $0.45, while revenue grew 35.1% year over year. Its CrowdStrike partnership and expanding AI offerings are viewed as potential growth catalysts.
• Valuation and insider selling remain risks: Snowflake is unprofitable on a GAAP basis, trades at a high valuation and has faced pressure from a broader cloud-stock selloff. Insiders sold about 1.33 million shares worth $412.7 million over the past 90 days, though some sales were tied to tax obligations or trading plans.

Shares of Snowflake Inc. (NYSE:SNOW - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the forty ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and thirty-four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $414.24.

Several analysts have recently weighed in on SNOW shares. JPMorgan Chase & Co. lifted their target price on Snowflake from $285.00 to $426.00 and gave the stock an "overweight" rating in a research report on Thursday, September 3rd. Scotiabank reiterated a "sector outperform" rating and issued a $440.00 target price (up from $320.00) on shares of Snowflake in a report on Thursday, September 3rd. Wells Fargo & Company raised their price target on Snowflake from $500.00 to $525.00 and gave the company an "overweight" rating in a research note on Thursday, September 3rd. UBS Group lifted their price objective on Snowflake from $425.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, September 3rd. Finally, Stifel Nicolaus increased their target price on shares of Snowflake from $350.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s partnership with CrowdStrike is viewed as a potential AI growth catalyst. CrowdStrike’s Falcon platform is available through the Snowflake Marketplace, and customers can use pre-committed Snowflake capacity toward Falcon subscriptions. Greater data interoperability and marketplace activity could support enterprise demand and platform usage. CrowdStrike and Snowflake partnership
• Positive Sentiment: Tributary Capital Management said Snowflake’s product adoption is accelerating and its profit outlook is strengthening. The bullish view is supported by Snowflake’s latest quarterly results, which exceeded expectations, with revenue of $1.55 billion and EPS of $0.62 versus estimates of $1.48 billion and $0.45. Snowflake profit outlook
• Neutral Sentiment: Commentary on the AI-agent economy highlights both opportunity and risk for software companies. AI agents could create new usage-based revenue streams for Snowflake, but they may also disrupt traditional seat-based software models and increase competition across the industry. AI agent economy and software stocks
• Negative Sentiment: Insider selling remains a near-term overhang. Former executive chairman Frank Slootman reportedly sold a combined 300,000 shares, worth roughly $100 million, while Chief Revenue Officer Jonathan Beaulier sold 755 shares for approximately $254,000 and had also sold shares the prior week. The transactions may prompt profit-taking concerns, although some could have been conducted under pre-arranged trading plans. Frank Slootman Snowflake share sale Snowflake insider sale
• Negative Sentiment: A selloff across parts of the cloud-stock group, led by a sharp decline in Oracle, added pressure to Snowflake. The company also remains highly valued and unprofitable on a GAAP basis, increasing sensitivity to changes in growth expectations and investor risk appetite. Cloud stock selloff

Insiders Place Their Bets

In other news, CAO Emily Ho sold 768 shares of the company's stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $332.93, for a total value of $255,690.24. Following the completion of the sale, the chief accounting officer owned 39,958 shares of the company's stock, valued at approximately $13,303,216.94. This represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Jonathan Beaulier sold 755 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $336.36, for a total transaction of $253,951.80. Following the transaction, the executive owned 211,619 shares in the company, valued at approximately $71,180,166.84. This represents a 0.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,334,516 shares of company stock worth $412,705,439. 4.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SNOW. Nuveen LLC grew its holdings 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 last quarter. Geode Capital Management LLC boosted its position in shares of Snowflake by 5.5% in 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. Norges Bank purchased a new position in Snowflake during the 4th quarter worth $974,091,000. Janus Henderson Group PLC grew its stake in Snowflake by 22.2% during the 1st quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company's stock worth $452,014,000 after buying an additional 544,960 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in Snowflake by 44.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,600,571 shares of the company's stock worth $392,259,000 after buying an additional 803,110 shares during the last quarter. Institutional investors own 65.10% of the company's stock.

Snowflake Price Performance

SNOW stock opened at $336.36 on Friday. Snowflake has a 12 month low of $118.30 and a 12 month high of $384.56. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. The company has a 50-day moving average price of $318.46 and a 200 day moving average price of $237.23. The stock has a market cap of $118.67 billion, a PE ratio of -105.77 and a beta of 1.33.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 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 net margin of 20.07% and a negative return on equity of 46.32%. The firm's revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS. Equities research analysts anticipate that Snowflake will post -1.57 earnings per share for the current year.

About Snowflake

Snowflake Inc NYSE: SNOW is a cloud-based data platform company that helps organizations store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and business intelligence across public cloud environments.

Snowflake's Data Cloud enables customers to consolidate and access structured, semi-structured and unstructured data while supporting secure data sharing and collaboration. Its offerings include Snowflake Cortex, which provides artificial intelligence and machine-learning capabilities, as well as tools for developing data applications and using data from Snowflake's marketplace and partner ecosystem.

Founded in 2012, Snowflake serves businesses, government organizations and other institutions globally through cloud infrastructure provided by major public-cloud platforms.

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