Snowflake (NYSE:SNOW) Stock Price Expected to Rise, Benchmark Analyst Says

Key Points

• Benchmark raised its price target on Snowflake from $200 to $270 and kept a buy rating, implying about 54.6% upside from the current share price.
• Other analysts remain constructive overall: several firms have boosted targets, and Snowflake now carries a Moderate Buy consensus with an average target price of $258.82.
• Snowflake recently posted better-than-expected quarterly results, with EPS of $0.39 and revenue of $1.39 billion, and it also raised its annual product revenue outlook amid stronger AI and cloud demand.

Snowflake (NYSE:SNOW - Get Free Report) had its price objective raised by stock analysts at Benchmark from $200.00 to $270.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Benchmark's price target points to a potential upside of 54.64% from the company's current price.

SNOW has been the subject of a number of other research reports. Stifel Nicolaus lifted their target price on Snowflake from $205.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday. Citizens Jmp reiterated a "market outperform" rating and issued a $325.00 target price on shares of Snowflake in a report on Tuesday, May 19th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $284.00 target price on shares of Snowflake in a report on Thursday. Barclays dropped their target price on Snowflake from $204.00 to $192.00 and set an "equal weight" rating for the company in a report on Thursday, February 26th. Finally, UBS Group dropped their target price on Snowflake from $235.00 to $210.00 and set a "buy" rating for the company in a report on Tuesday, April 21st. One 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's stock. Based on data from MarketBeat, Snowflake currently has an average rating of "Moderate Buy" and an average target price of $258.82.

Snowflake Stock Performance

Snowflake stock opened at $174.60 on Thursday. The company's 50-day moving average price is $153.75 and its 200-day moving average price is $190.65. Snowflake has a twelve month low of $118.30 and a twelve month high of $280.67. 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 company has a market cap of $60.36 billion, a PE ratio of -44.20 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.07. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 33.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 EPS. On average, equities research analysts forecast that Snowflake will post -2.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other Snowflake news, Director Frank Slootman sold 144,650 shares of the business's stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $175.45, for a total value of $25,378,842.50. Following the completion of the sale, the director directly owned 38,046 shares of the company's stock, valued at $6,675,170.70. The trade was a 79.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 10,000 shares of the business's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $165.01, for a total transaction of $1,650,100.00. Following the completion of the sale, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 428,963 shares of company stock worth $71,996,216 in the last 90 days. 4.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Snowflake

Several large investors have recently added to or reduced their stakes in the stock. Total Clarity Wealth Management Inc. boosted its position in Snowflake by 2.7% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company's stock valued at $340,000 after buying an additional 40 shares during the period. Diligent Investors LLC lifted its holdings in shares of Snowflake by 0.9% in the 3rd quarter. Diligent Investors LLC now owns 4,594 shares of the company's stock worth $1,036,000 after buying an additional 40 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in shares of Snowflake by 44.1% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company's stock worth $36,000 after buying an additional 49 shares during the period. Wolff Wiese Magana LLC lifted its holdings in shares of Snowflake by 10.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 549 shares of the company's stock worth $120,000 after buying an additional 50 shares during the period. Finally, HHM Wealth Advisors LLC lifted its holdings in shares of Snowflake by 50.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company's stock worth $33,000 after buying an additional 50 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

More Snowflake News

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

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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