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Snowflake (SNOW) Stock Forecast & Price Target

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$174.80 +1.10 (+0.63%)
(As of 11/29/2024 ET)

Snowflake - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
10
Buy
27

Based on 38 Wall Street analysts who have issued ratings for Snowflake in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 38 analysts, 1 has given a sell rating, 10 have given a hold rating, and 27 have given a buy rating for SNOW.

Consensus Price Target

$181.09
3.60% Upside
According to the 38 analysts' twelve-month price targets for Snowflake, the average price target is $181.09. The highest price target for SNOW is $223.00, while the lowest price target for SNOW is $121.00. The average price target represents a forecasted upside of 3.60% from the current price of $174.80.
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SNOW Analyst Ratings Over Time

TypeCurrent Forecast
12/2/23 to 12/1/24
1 Month Ago
11/2/23 to 11/1/24
3 Months Ago
9/3/23 to 9/2/24
1 Year Ago
12/2/22 to 12/2/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
27 Buy rating(s)
25 Buy rating(s)
25 Buy rating(s)
20 Buy rating(s)
Hold
10 Hold rating(s)
12 Hold rating(s)
11 Hold rating(s)
5 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$181.09$174.74$176.03$194.71
Forecasted Upside3.60% Upside51.34% Upside54.10% Upside4.70% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

SNOW Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SNOW Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Snowflake Stock vs. The Competition

TypeSnowflakeComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.68
2.68
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside3.60% Upside280.78% Upside6.53% Upside
News Sentiment Rating
Positive News

See Recent SNOW News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/25/2024Wedbush
4 of 5 stars
D. Ives
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UpgradeNeutral ➝ Outperform$190.00+13.47%
11/21/2024Truist Financial
2 of 5 stars
 Reiterated RatingBuy ➝ Buy$210.00 ➝ $210.00+20.93%
11/21/2024Mizuho
2 of 5 stars
 Boost TargetOutperform ➝ Outperform$165.00 ➝ $195.00+15.67%
11/21/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$180.00 ➝ $190.00+11.82%
11/21/2024TD Cowen
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 Boost TargetBuy ➝ Buy$180.00 ➝ $190.00+11.82%
11/21/2024Bank of America
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 Boost TargetNeutral ➝ Neutral$160.00 ➝ $185.00+9.65%
11/21/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$175.00 ➝ $188.00+11.43%
11/21/2024Oppenheimer
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 Reiterated RatingOutperform ➝ Outperform$180.00 ➝ $180.00+8.15%
11/21/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$142.00 ➝ $172.00+3.34%
11/21/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$145.00 ➝ $180.00+11.80%
11/21/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$170.00 ➝ $190.00+47.15%
11/21/2024Wells Fargo & Company
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M. Turrin
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Boost TargetEqual Weight ➝ Equal Weight$125.00 ➝ $150.00+16.17%
11/21/2024Piper Sandler
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 Reiterated RatingOverweight ➝ Overweight$165.00 ➝ $185.00+43.28%
11/21/2024Needham & Company LLC
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 Boost TargetBuy ➝ Buy$160.00 ➝ $200.00+54.89%
11/21/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$150.00 ➝ $185.00+43.28%
11/21/2024Monness Crespi & Hardt
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B. White
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Boost TargetBuy$140.00 ➝ $188.00+45.60%
11/19/2024Rosenblatt Securities
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 Reiterated RatingBuy ➝ Buy$180.00 ➝ $180.00+40.12%
11/18/2024Citigroup
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 Lower TargetBuy ➝ Buy$200.00 ➝ $183.00+44.58%
10/3/2024DA Davidson
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 Reiterated RatingBuy ➝ Buy$175.00 ➝ $175.00+58.37%
10/1/2024Argus
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J. Bonner
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Initiated CoverageHold
9/24/2024UBS Group
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 Lower TargetNeutral ➝ Neutral$155.00 ➝ $125.00+13.09%
8/23/2024Hsbc Global Res
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S. Bersey
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UpgradeModerate Sell ➝ Hold
8/23/2024HSBC
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 UpgradeReduce ➝ Hold$119.00 ➝ $121.00+5.03%
8/22/2024Scotiabank
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 Lower TargetSector Outperform ➝ Sector Outperform$195.00 ➝ $165.00+40.51%
8/22/2024Morgan Stanley
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 Reiterated RatingEqual Weight ➝ Equal Weight$175.00 ➝ $175.00+47.88%
8/22/2024Canaccord Genuity Group
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 Lower TargetBuy ➝ Buy$215.00 ➝ $190.00+60.55%
8/22/2024JMP Securities
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 Lower TargetMarket Outperform ➝ Market Outperform$235.00 ➝ $190.00+40.73%
8/21/2024Loop Capital
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 Lower TargetBuy ➝ Buy$225.00 ➝ $185.00+40.25%
8/20/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$200.00 ➝ $165.00+25.53%
8/19/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$200.00 ➝ $168.00+27.25%
7/1/2024The Goldman Sachs Group
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 Reiterated RatingBuy ➝ Buy$220.00 ➝ $220.00+56.06%
5/24/2024Macquarie
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 Lower TargetOutperform ➝ Outperform$205.00 ➝ $200.00+26.53%
5/23/2024Sanford C. Bernstein
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 Boost TargetMarket Perform ➝ Market Perform$171.00 ➝ $185.00+16.52%
5/23/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$170.00 ➝ $185.00+13.30%
5/2/2024BNP Paribas
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 UpgradeNeutral ➝ Outperform$200.00+28.19%
3/19/2024Redburn Atlantic
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 Reiterated RatingNeutral ➝ Sell$180.00 ➝ $125.00-20.03%
3/15/2024Guggenheim
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 UpgradeSell ➝ Neutral
2/2/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$190.00 ➝ $223.00+6.26%
11/8/2023Capital One Financial
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 UpgradeEqual Weight ➝ Overweight$195.00+22.20%
6/28/2023888
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 Reiterated RatingMaintains
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6/28/2023William Blair
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 Initiated CoverageOutperform
5/25/2023Wolfe Research
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 DowngradeOutperform ➝ Peer Perform
12/5/2022Credit Suisse Group
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 Lower TargetOutperform$250.00 ➝ $200.00+33.56%
12/1/2022Cowen
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 Lower Target$235.00 ➝ $225.00+57.45%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:09 PM ET.


Should I Buy Snowflake Stock? SNOW Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these Snowflake pros and cons to contact@marketbeat.com.

Snowflake
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Snowflake Inc.:

  • Snowflake Inc. has shown strong revenue growth, reporting $868.80 million in revenue for the latest quarter, which is a 28.9% increase compared to the same period last year. This growth indicates a robust demand for its cloud-based data platform.
  • The stock currently trades at $129.12, which is significantly below its twelve-month high of $237.72. This may present a buying opportunity for investors looking for potential upside as the stock could rebound towards its previous highs.
  • Institutional investors hold a significant portion of Snowflake Inc.'s stock, with 65.10% owned by hedge funds and other institutions. This level of institutional interest can be a positive indicator of the company's stability and growth potential.
  • Recent upgrades from research firms, including a shift from "moderate sell" to "hold" by HSBC, suggest a more favorable outlook for the stock, which could attract more investors.
  • Snowflake Inc. has a diverse client base and operates in a growing market for cloud data solutions, positioning it well for future expansion and profitability.

Snowflake
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Snowflake Inc. for these reasons:

  • The company has a negative price-to-earnings (P/E) ratio of -42.57, indicating that it is currently not profitable. A negative P/E ratio can be a red flag for investors as it suggests that the company is not generating earnings relative to its stock price.
  • Snowflake Inc. has a negative return on equity of 19.62%, which means that the company is not effectively generating profit from its equity. This could raise concerns about management efficiency and overall financial health.
  • Despite recent revenue growth, the company reported a negative net margin of 31.73%, indicating that it is not retaining a significant portion of its revenue as profit. This could limit its ability to reinvest in growth or return value to shareholders.
  • Insider selling activity has been noted, with executives selling shares recently. This could signal a lack of confidence in the company's short-term performance or future prospects.
  • The stock has experienced volatility, with a significant drop from its twelve-month high, which may deter risk-averse investors looking for stable investments.

SNOW Forecast - Frequently Asked Questions

According to the research reports of 38 Wall Street equities research analysts, the average twelve-month stock price forecast for Snowflake is $181.09, with a high forecast of $223.00 and a low forecast of $121.00.

38 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last year. There is currently 1 sell rating, 10 hold ratings and 27 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SNOW shares.

According to analysts, Snowflake's stock has a predicted upside of 3.60% based on their 12-month stock forecasts.

Over the previous 90 days, Snowflake's stock had 3 upgrades by analysts.

Analysts like Snowflake more than other "computer and technology" companies. The consensus rating score for Snowflake is 2.68 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how SNOW compares to other companies.


This page (NYSE:SNOW) was last updated on 12/1/2024 by MarketBeat.com Staff
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