Snowflake (NYSE:SNOW) Given New $285.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan raised its price target on Snowflake to $285 from $245 and kept an overweight rating, implying about 18% upside from the current share price.
• Other analysts also turned more bullish after the latest update, with firms like Morgan Stanley, Oppenheimer, and TD Cowen lifting targets; the consensus price target now sits at $283.61.
• Snowflake’s latest results beat expectations, posting $0.39 EPS on $1.39 billion in revenue, while the company also raised its annual product revenue outlook amid strong AI and cloud demand.

Snowflake (NYSE:SNOW - Get Free Report) had its price objective boosted by research analysts at JPMorgan Chase & Co. from $245.00 to $285.00 in a report released on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 18.11% from the company's current price.

Several other research analysts also recently commented on the company. Morgan Stanley lifted their target price on Snowflake from $245.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday. Oppenheimer lifted their target price on Snowflake from $250.00 to $295.00 and gave the stock an "outperform" rating in a report on Thursday. TD Cowen increased their target price on shares of Snowflake from $255.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday. Sanford C. Bernstein increased their target price on shares of Snowflake from $195.00 to $250.00 and gave the company a "market perform" rating in a research report on Thursday. Finally, KeyCorp set a $295.00 target price on shares of Snowflake in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $283.61.

Snowflake Price Performance

Shares of SNOW traded up $66.04 during midday trading on Thursday, hitting $241.30. The company's stock had a trading volume of 33,695,232 shares, compared to its average volume of 7,111,875. Snowflake has a one year low of $118.30 and a one year high of $280.67. The company's fifty day simple moving average is $153.75 and its two-hundred day simple moving average is $190.65. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $83.42 billion, a price-to-earnings ratio of -61.17 and a beta of 1.08.

Snowflake (NYSE:SNOW - Get Free Report) last posted its earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.07. The firm had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.32 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The business's revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 earnings per share. As a group, equities analysts expect that Snowflake will post -2.16 earnings per share for the current fiscal year.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 10,000 shares of the company's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $165.01, for a total transaction of $1,650,100.00. Following the transaction, the executive vice president directly owned 510,477 shares of the company's stock, valued at approximately $84,233,809.77. This represents a 1.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank Slootman sold 144,650 shares of the company's stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $175.45, for a total value of $25,378,842.50. Following the transaction, the director directly owned 38,046 shares in the company, valued at approximately $6,675,170.70. This trade represents a 79.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 428,963 shares of company stock valued at $71,996,216 in the last 90 days. Corporate insiders own 4.80% of the company's stock.

Institutional Trading of Snowflake

Several hedge funds have recently bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of Snowflake by 90.0% in the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company's stock worth $9,556,000 after purchasing an additional 29,320 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Snowflake by 24.0% in the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company's stock worth $1,637,000 after purchasing an additional 2,167 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Snowflake by 29.7% in the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company's stock worth $47,000 after purchasing an additional 73 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Snowflake in the second quarter worth approximately $221,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Snowflake by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company's stock worth $5,055,000 after purchasing an additional 1,521 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat Q1 estimates, reporting $0.39 in adjusted EPS on $1.39 billion of revenue, both above Wall Street forecasts, which reassured investors that growth is still accelerating. Snowflake Reports Financial Results for the First Quarter of Fiscal 2027
• Positive Sentiment: The company raised its annual product revenue forecast, reinforcing confidence that AI-driven workload growth and cloud migrations are translating into better near-term results. Snowflake raises annual product revenue forecast as enterprises ramp up AI workloads
• Positive Sentiment: Snowflake announced a $6 billion multiyear collaboration with Amazon Web Services, including use of AWS Graviton processors and AI infrastructure, which investors see as a major validation of Snowflake’s AI strategy. Snowflake Expands AWS Collaboration with $6B Commitment to Accelerate Enterprise Agentic AI Adoption
• Positive Sentiment: Multiple Wall Street firms raised price targets and reiterated bullish ratings after the results, suggesting analysts now expect more upside from the current rerating. Analyst price target updates
• Neutral Sentiment: Commentary on Snowflake’s premium valuation highlights a debate over whether the stock can sustain its elevated multiple as the cloud landscape evolves. Can Snowflake's Premium Valuation Survive a Shifting Cloud Landscape?
• Neutral Sentiment: Snowflake also announced plans to acquire Natoma to strengthen governance and identity controls for AI agents, a strategic move that may support longer-term platform adoption. Snowflake Announces Intent to Acquire Natoma

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.

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