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

Key Points

• Citigroup raised its price target on Snowflake from $260 to $320 and kept a buy rating, implying about 27% upside from the current share price.
• Snowflake’s stock was up 5.1% to $251.42, while its latest quarterly results beat expectations with EPS of $0.39 and revenue of $1.39 billion, up 33.5% year over year.
• Analysts remain broadly bullish: several firms recently lifted their targets, and MarketBeat says Snowflake now has an average Moderate Buy rating with a consensus target price of $285.03.

Snowflake (NYSE:SNOW - Get Free Report) had its price target increased by equities research analysts at Citigroup from $260.00 to $320.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Citigroup's price objective suggests a potential upside of 27.28% from the stock's current price.

Several other brokerages also recently issued reports on SNOW. Bank of America lifted their price objective on Snowflake from $205.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday. Citizens Jmp reiterated a "market outperform" rating and issued a $325.00 price objective on shares of Snowflake in a research report on Tuesday, May 19th. BTIG Research lifted their price objective on Snowflake from $235.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday. Piper Sandler set a $300.00 target price on Snowflake in a research report on Thursday. Finally, TD Cowen boosted their target price on Snowflake from $255.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Snowflake currently has an average rating of "Moderate Buy" and a consensus target price of $285.03.

Snowflake Stock Up 5.1%

SNOW traded up $12.22 on Friday, reaching $251.42. The company's stock had a trading volume of 11,920,216 shares, compared to its average volume of 7,221,988. The stock has a 50 day moving average of $155.03 and a two-hundred day moving average of $190.49. The company has a market capitalization of $86.91 billion, a price-to-earnings ratio of -71.22 and a beta of 1.08. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. 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 released its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. The firm 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 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 period in the previous year, the company posted $0.24 EPS. As a group, analysts forecast that Snowflake will post -2.16 EPS for the current fiscal year.

Insider Buying and Selling

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of the firm's stock in a transaction 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 $84,233,809.77. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Vivek Raghunathan sold 3,876 shares of the firm's stock in a transaction 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. This trade represents 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. Insiders have sold 484,313 shares of company stock worth $81,766,598 in the last quarter. Insiders own 4.80% of the company's stock.

Institutional Investors Weigh In On Snowflake

A number of large investors have recently modified their holdings of SNOW. Total Clarity Wealth Management Inc. grew its stake in Snowflake by 2.7% in the third quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company's stock valued at $340,000 after acquiring an additional 40 shares during the period. Diligent Investors LLC raised its stake in shares of Snowflake by 0.9% during the 3rd quarter. Diligent Investors LLC now owns 4,594 shares of the company's stock valued at $1,036,000 after purchasing an additional 40 shares during the period. Hazlett Burt & Watson Inc. grew its position in Snowflake by 44.1% during the third quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company's stock worth $36,000 after buying an additional 49 shares in the last quarter. Wolff Wiese Magana LLC grew its position in Snowflake by 10.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 549 shares of the company's stock worth $120,000 after buying an additional 50 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its position in Snowflake by 50.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company's stock worth $33,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

Key Snowflake News

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.

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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