Snowflake (NYSE:SNOW) Price Target Raised to $250.00 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank raised its price target on Snowflake to $250 from $230 and kept a buy rating on the stock. The new target implies only a slight downside from the current share price.
• Other analysts were also broadly bullish, with multiple firms lifting targets after recent developments; Snowflake now has a Moderate Buy consensus and an average price target of $284.38.
• Snowflake’s latest quarter beat expectations, with EPS of $0.39 and revenue of $1.39 billion, while revenue rose 33.5% year over year. The company also boosted full-year product revenue guidance, reflecting confidence in AI-driven demand.

Snowflake (NYSE:SNOW - Get Free Report) had its price target hoisted by analysts at Deutsche Bank Aktiengesellschaft from $230.00 to $250.00 in a report issued on Thursday,MarketScreener reports. The firm presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential downside of 0.80% from the company's current price.

A number of other equities analysts also recently issued reports on SNOW. HSBC set a $289.00 price target on Snowflake and gave the stock a "buy" rating in a research report on Friday. Barclays increased their price target on Snowflake from $192.00 to $272.00 and gave the stock an "equal weight" rating in a research report on Thursday. Piper Sandler set a $300.00 price target on Snowflake in a research report on Thursday. The Goldman Sachs Group increased their price target on Snowflake from $216.00 to $278.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Evercore set a $200.00 target price on Snowflake in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $284.38.

Snowflake Stock Performance

Snowflake stock traded up $12.83 during midday trading on Thursday, hitting $252.03. 13,098,969 shares of the company were exchanged, compared to its average volume of 7,232,659. The firm has a market capitalization of $87.13 billion, a PE ratio of -71.57 and a beta of 1.08. The business has a fifty day simple moving average of $155.03 and a two-hundred day simple moving average of $190.49. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30. Snowflake has a fifty-two week low of $118.30 and a fifty-two week high of $280.67.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (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 the consensus estimate of $1.32 billion. Snowflake had a negative return on equity of 49.29% and a negative net margin of 23.79%.Snowflake's revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.24 earnings per share. On average, sell-side analysts forecast that Snowflake will post -2.16 earnings per share for the current year.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 10,000 shares of Snowflake 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 owned 510,477 shares in the company, valued at approximately $84,233,809.77. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Vivek Raghunathan sold 3,876 shares of Snowflake stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total value of $592,252.80. Following the transaction, the senior vice president owned 273,323 shares in the company, valued at approximately $41,763,754.40. The trade was a 1.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 484,313 shares of company stock worth $81,766,598. 4.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. raised its position in Snowflake by 99.1% in the fourth quarter. Assetmark Inc. now owns 198,655 shares of the company's stock valued at $43,577,000 after purchasing an additional 98,870 shares during the period. Jennison Associates LLC raised its position in 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 during the period. William Blair Investment Management LLC purchased a new position in Snowflake in the third quarter valued at about $116,882,000. Penserra Capital Management LLC raised its position in Snowflake by 32.8% in the third quarter. Penserra Capital Management LLC now owns 153,358 shares of the company's stock valued at $34,586,000 after purchasing an additional 37,911 shares during the period. Finally, Swedbank AB raised its position in Snowflake by 6.0% in the fourth quarter. Swedbank AB now owns 1,330,415 shares of the company's stock valued at $291,840,000 after purchasing an additional 75,419 shares during the period. 65.10% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake delivered a strong Q1 earnings beat, with revenue and EPS both above Wall Street expectations and sales up 33.5% year over year. Article Title
• Positive Sentiment: The company raised full-year product revenue guidance, reflecting confidence in sustained demand for AI-driven cloud data services. Article Title
• Positive Sentiment: Snowflake announced a $6 billion AWS partnership tied to AI infrastructure, which investors view as a major growth catalyst and a sign it is central to the agentic AI trend. Article Title
• Positive Sentiment: Multiple analysts raised price targets after the earnings report, reinforcing the market’s view that Snowflake’s AI momentum could support further upside. Article Title
• Positive Sentiment: Snowflake said it plans to acquire Natoma, adding governance and identity tools for AI agents and broadening its enterprise AI platform. Article Title
• Neutral Sentiment: Director Frank Slootman disclosed a pre-planned sale of shares under a 10b5-1 trading plan; this is notable but does not appear to signal a change in fundamentals. Article Title
• Neutral Sentiment: Unusual call-option activity suggests traders are betting on more upside, but options flow alone doesn’t change the company’s operating outlook.

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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