Stifel Nicolaus Forecasts Strong Price Appreciation for Snowflake (NYSE:SNOW) Stock

Key Points

• Stifel Nicolaus raised its price target on Snowflake from $205 to $300 and kept a buy rating, implying about 71.8% upside from the prior close.
• Snowflake’s latest quarter beat expectations, with EPS of $0.39 versus $0.32 expected and revenue of $1.39 billion versus $1.32 billion expected. Revenue rose 33.5% year over year, and the company also lifted its annual product revenue forecast.
• Analysts remain generally constructive, but insider activity has been notable: Frank Slootman sold a large block of shares, and insiders sold 428,963 shares worth about $72 million over the last 90 days.

Snowflake (NYSE:SNOW - Get Free Report) had its price target lifted by Stifel Nicolaus from $205.00 to $300.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' target price points to a potential upside of 71.82% from the stock's previous close.

SNOW has been the topic of a number of other reports. TD Cowen reaffirmed a "buy" rating on shares of Snowflake in a research note on Friday, May 22nd. BTIG Research raised their price objective on shares of Snowflake from $235.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Snowflake in a research note on Thursday. Canaccord Genuity Group reduced their price target on shares of Snowflake from $270.00 to $240.00 and set a "buy" rating on the stock in a research report on Thursday, February 26th. Finally, Cantor Fitzgerald reduced their price target on shares of Snowflake from $250.00 to $225.00 and set an "overweight" rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $251.41.

Snowflake Price Performance

Shares of SNOW stock opened at $174.60 on Thursday. Snowflake has a 52-week low of $118.30 and a 52-week high of $280.67. The stock has a market cap of $60.36 billion, a PE ratio of -44.20 and a beta of 1.08. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30. The firm's 50 day moving average price is $153.75 and its two-hundred day moving average price is $190.65.

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

Insiders Place Their Bets

In related news, Director Frank Slootman sold 144,650 shares of the business's stock in a transaction on 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 sale, the director directly owned 38,046 shares of the company's stock, valued at approximately $6,675,170.70. The trade was a 79.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Emily Ho sold 2,141 shares of the business's stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $173.97, for a total transaction of $372,469.77. Following the completion of the sale, the chief accounting officer directly owned 44,553 shares in the company, valued at $7,750,885.41. This represents a 4.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 428,963 shares of company stock worth $71,996,216 in the last ninety days. 4.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Snowflake

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNOW. Kemnay Advisory Services Inc. acquired a new stake in Snowflake in the 4th quarter valued at $28,000. Greenline Wealth Management LLC acquired a new stake in Snowflake in the 4th quarter valued at $29,000. GoalVest Advisory LLC increased its stake in Snowflake by 221.4% in the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company's stock valued at $30,000 after buying an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. increased its stake in Snowflake by 56.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company's stock valued at $31,000 after buying an additional 51 shares during the last quarter. Finally, Emerald Advisers LLC increased its stake in Snowflake by 95.2% in the 1st quarter. Emerald Advisers LLC now owns 205 shares of the company's stock valued at $31,000 after buying an additional 100 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake News Roundup

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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