Snowflake (NYSE:SNOW) Given New $320.00 Price Target at Monness Crespi & Hardt

Key Points

• Monness Crespi & Hardt raised its price target on Snowflake to $320 from $282 and kept a buy rating, implying about 83% upside from the current price.
• Other analysts were also bullish, with several firms lifting targets or reiterating buy/outperform views; Snowflake now has a Moderate Buy consensus and an average target price of $258.82.
• Snowflake reported strong quarterly results, posting $0.39 EPS on $1.39 billion in revenue, both above estimates, and it also raised its annual product revenue forecast amid growing AI and cloud demand.

Snowflake (NYSE:SNOW - Get Free Report) had its price target upped by research analysts at Monness Crespi & Hardt from $282.00 to $320.00 in a note issued to investors on Thursday. The firm presently has a "buy" rating on the stock. Monness Crespi & Hardt's price target indicates a potential upside of 83.28% from the company's current price.

A number of other equities analysts have also commented on SNOW. Stifel Nicolaus lifted their price objective on Snowflake from $205.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday. BTIG Research lifted their price objective on Snowflake from $235.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $284.00 price objective on shares of Snowflake in a research note on Thursday. TD Cowen reissued a "buy" rating on shares of Snowflake in a research note on Friday, May 22nd. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of Snowflake in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Snowflake presently has an average rating of "Moderate Buy" and an average target price of $258.82.

Snowflake Price Performance

Snowflake stock opened at $174.60 on Thursday. The stock's 50 day moving average is $153.75 and its 200 day moving average is $190.65. 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 cap of $60.36 billion, a P/E ratio of -44.20 and a beta of 1.08. Snowflake has a one year low of $118.30 and a one year high of $280.67.

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

Insiders Place Their Bets

In other news, Director Frank Slootman sold 144,650 shares of the business'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 transaction of $25,378,842.50. Following the completion of the sale, the director owned 38,046 shares in the company, valued at $6,675,170.70. The trade was a 79.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 2,621 shares of the business's stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $170.01, for a total value of $445,596.21. Following the sale, the executive vice president owned 533,494 shares of the company's stock, valued at approximately $90,699,314.94. This represents a 0.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 428,963 shares of company stock worth $71,996,216 over the last three months. Insiders own 4.80% of the company's stock.

Institutional Investors Weigh In On Snowflake

Several hedge funds and other institutional investors have recently modified their holdings of the company. Allen Capital Group LLC increased its holdings in shares of Snowflake by 3.3% during the first quarter. Allen Capital Group LLC now owns 22,996 shares of the company's stock valued at $3,468,000 after acquiring an additional 742 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Snowflake by 10.5% during the first quarter. Glenmede Trust Co. NA now owns 1,928 shares of the company's stock valued at $291,000 after acquiring an additional 183 shares in the last quarter. Verus Capital Partners LLC increased its holdings in shares of Snowflake by 65.5% during the first quarter. Verus Capital Partners LLC now owns 2,031 shares of the company's stock valued at $306,000 after acquiring an additional 804 shares in the last quarter. CTC Alternative Strategies Ltd. bought a new stake in shares of Snowflake during the first quarter valued at approximately $739,000. Finally, Groupe la Francaise increased its holdings in shares of Snowflake by 252,424.0% during the first quarter. Groupe la Francaise now owns 63,131 shares of the company's stock valued at $9,491,000 after acquiring an additional 63,106 shares in the last quarter. Institutional investors own 65.10% of the company's stock.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported Q1 fiscal 2027 earnings of $0.39 per share, topping estimates of $0.32, on revenue of $1.39 billion versus expectations of $1.32 billion, with product revenue up 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 stronger-than-expected demand from enterprises adopting AI-driven workloads and cloud migrations. Snowflake raises annual product revenue forecast as enterprises ramp up AI workloads
• Positive Sentiment: Snowflake announced a five-year, $6 billion strategic collaboration with AWS, including spending tied to Graviton processors and AI infrastructure, which investors see as a major validation of its AI expansion plans. Snowflake signs $6 billion deal with AWS tied to AI infrastructure
• Positive Sentiment: Snowflake also disclosed plans to acquire Natoma, an enterprise AI-agent connectivity platform, to strengthen its governance and identity layer for agentic AI use cases. Snowflake Announces Intent to Acquire Natoma, Providing Secure Connectivity For The Agentic Enterprise

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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