Rosenblatt Securities Boosts Snowflake (NYSE:SNOW) Price Target to $285.00

Key Points

• Rosenblatt Securities raised its price target on Snowflake to $285 from $275 and kept a buy rating, implying about 20.5% upside from the prior close.
• Other Wall Street firms remain broadly bullish, with several analysts lifting targets after Snowflake’s recent earnings beat. MarketBeat notes a consensus rating of Moderate Buy and an average price target of $259.34.
• Snowflake’s latest quarter topped expectations, reporting $0.39 EPS on $1.39 billion in revenue, while revenue rose 33.5% year over year; the company also raised its annual product revenue outlook.

Snowflake (NYSE:SNOW - Get Free Report) had its price objective upped by research analysts at Rosenblatt Securities from $275.00 to $285.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Rosenblatt Securities' price objective suggests a potential upside of 20.48% from the stock's previous close.

Several other equities analysts have also issued reports on the company. Barclays set a $272.00 price target on Snowflake in a research note on Thursday. UBS Group decreased their price objective on Snowflake from $235.00 to $210.00 and set a "buy" rating on the stock in a report on Tuesday, April 21st. TD Cowen restated a "buy" rating on shares of Snowflake in a research report on Friday, May 22nd. Morgan Stanley upped their target price on Snowflake from $245.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, The Goldman Sachs Group lifted 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. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $259.34.

Snowflake Stock Performance

NYSE SNOW opened at $236.56 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $81.78 billion, a price-to-earnings ratio of -59.57 and a beta of 1.08. The company's fifty day moving average is $153.75 and its two-hundred day moving average is $190.65. Snowflake has a 52-week low of $118.30 and a 52-week high of $280.67.

Snowflake (NYSE:SNOW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.07. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm's revenue for the quarter was up 33.5% on a year-over-year basis. Equities research analysts forecast that Snowflake will post -2.16 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Vivek Raghunathan sold 3,876 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total transaction of $592,252.80. Following the sale, the senior vice president owned 273,323 shares in the company, valued at approximately $41,763,754.40. This represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 10,000 shares of the firm's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $165.01, for a total value of $1,650,100.00. Following the completion of the sale, the executive vice president owned 510,477 shares of the company's stock, valued at approximately $84,233,809.77. This trade represents a 1.92% 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 428,963 shares of company stock worth $71,996,216. 4.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Snowflake

A number of hedge funds have recently added to or reduced their stakes in SNOW. Norges Bank acquired a new position in shares of Snowflake during the fourth quarter worth approximately $974,091,000. Jennison Associates LLC increased its holdings in shares of Snowflake by 27.7% in the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company's stock valued at $2,545,300,000 after purchasing an additional 2,519,413 shares in the last quarter. Coatue Management LLC bought a new position in Snowflake in the 3rd quarter worth approximately $441,277,000. Jericho Capital Asset Management L.P. bought a new position in Snowflake in the 4th quarter worth approximately $345,619,000. Finally, American Century Companies Inc. lifted its holdings in Snowflake by 233.3% during the 3rd quarter. American Century Companies Inc. now owns 2,104,925 shares of the company's stock worth $474,766,000 after buying an additional 1,473,354 shares in the last quarter. Institutional investors own 65.10% of the company's stock.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported first-quarter fiscal 2027 results that beat expectations, with EPS of $0.39 and revenue of $1.39 billion, while product revenue rose 34% year over year. Snowflake Reports Financial Results for the First Quarter of Fiscal 2027
• Positive Sentiment: The company raised its annual product revenue forecast, signaling that enterprise AI and cloud migration demand is improving faster than expected. Snowflake jumps as enterprise demand for data offerings drives forecast raise
• Positive Sentiment: Snowflake announced a five-year, $6 billion strategic collaboration with Amazon Web Services, including use of AWS Graviton processors and AI infrastructure, which investors view as a major growth catalyst. Snowflake Expands AWS Collaboration with $6B Commitment to Accelerate Enterprise Agentic AI Adoption
• Positive Sentiment: Several Wall Street firms raised price targets and reiterated buy ratings, including Bank of America, Benchmark, Needham, Stifel, and Monness Crespi & Hardt, reinforcing bullish sentiment after the earnings report. Analyst price target updates
• Neutral Sentiment: Snowflake also announced it intends to acquire Natoma, a move aimed at improving governance and secure connectivity for AI agents; the deal is strategically important but still needs to close. Snowflake Announces Intent to Acquire Natoma
• Negative Sentiment: Despite the rally, Snowflake remains unprofitable on a GAAP basis and its valuation has risen sharply, which could make the stock more sensitive to any slowdown in AI spending or execution missteps.

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.

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