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Snowflake (SNOW) Stock Forecast & Price Target

$129.85
+0.01 (+0.01%)
(As of 07/19/2024 ET)

Snowflake - Analysts' Recommendations and Stock Price Forecast (2024)

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

Based on 35 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 35 analysts, 2 have given a sell rating, 8 have given a hold rating, and 25 have given a buy rating for SNOW.

Consensus Price Target

$197.31
51.96% Upside
High Forecast$240.00
Average Forecast$197.31
Low Forecast$105.00

According to the 35 analysts' twelve-month price targets for Snowflake, the average price target is $197.31. The highest price target for SNOW is $240.00, while the lowest price target for SNOW is $105.00. The average price target represents a forecasted upside of 51.96% from the current price of $129.85.

TypeCurrent Forecast
7/22/23 to 7/21/24
1 Month Ago
6/22/23 to 6/21/24
3 Months Ago
4/23/23 to 4/22/24
1 Year Ago
7/22/22 to 7/22/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
25 Buy rating(s)
25 Buy rating(s)
22 Buy rating(s)
23 Buy rating(s)
Hold
8 Hold rating(s)
8 Hold rating(s)
9 Hold rating(s)
9 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$197.31$198.64$202.00$191.69
Forecasted Upside51.96% Upside23.68% Upside6.41% Upside18.53% Upside
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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
2.66
2.61
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside51.96% Upside117.39% Upside10.06% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024Piper Sandler
2 of 5 stars
 Lower TargetOverweight ➝ Overweight$240.00 ➝ $165.00+19.43%
7/8/2024Needham & Company LLC
3 of 5 stars
 Reiterated RatingBuy ➝ Buy$210.00 ➝ $210.00+46.83%
7/1/2024The Goldman Sachs Group
2 of 5 stars
 Reiterated RatingBuy ➝ Buy$220.00 ➝ $220.00+56.06%
6/21/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$225.00 ➝ $200.00+57.99%
6/12/2024Bank of America
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 Reiterated RatingNeutral ➝ Neutral$200.00 ➝ $200.00+55.71%
6/6/2024Rosenblatt Securities
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 Reiterated RatingBuy ➝ Buy$195.00 ➝ $195.00+45.25%
6/5/2024Royal Bank of Canada
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 Lower TargetOutperform ➝ Outperform$226.00 ➝ $183.00+41.35%
6/5/2024Wedbush
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 Reiterated RatingNeutral ➝ Neutral$210.00 ➝ $210.00+57.98%
6/5/2024Mizuho
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 Lower TargetBuy ➝ Buy$205.00 ➝ $180.00+31.39%
6/4/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$235.00 ➝ $235.00+71.62%
5/24/2024Macquarie
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 Lower TargetOutperform ➝ Outperform$205.00 ➝ $200.00+26.53%
5/24/2024Canaccord Genuity Group
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 Lower TargetBuy ➝ Buy$230.00 ➝ $215.00+39.09%
5/23/2024Scotiabank
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 Lower TargetSector Outperform ➝ Sector Outperform$207.00 ➝ $195.00+27.57%
5/23/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$210.00 ➝ $200.00+26.31%
5/23/2024Sanford C. Bernstein
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 Boost TargetMarket Perform ➝ Market Perform$171.00 ➝ $185.00+16.52%
5/23/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$188.00 ➝ $191.00+20.40%
5/23/2024Loop Capital
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 Lower TargetBuy ➝ Buy$235.00 ➝ $225.00+41.83%
5/23/2024Oppenheimer
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 Reiterated RatingOutperform ➝ Outperform$220.00 ➝ $220.00+39.12%
5/23/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$220.00 ➝ $200.00+26.47%
5/23/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$185.00 ➝ $190.00+20.15%
5/23/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$170.00 ➝ $185.00+13.30%
5/23/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$185.00 ➝ $200.00+22.48%
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%
3/18/2024Monness Crespi & Hardt
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 UpgradeSell ➝ Neutral
3/15/2024Guggenheim
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 UpgradeSell ➝ Neutral
3/4/2024Citigroup
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 Lower TargetBuy ➝ Buy$290.00 ➝ $240.00+28.24%
2/29/2024HSBC
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 Reiterated RatingHold ➝ Reduce
2/29/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$250.00 ➝ $225.00+20.84%
2/29/2024Truist Financial
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 Lower TargetBuy ➝ Buy$250.00 ➝ $210.00+12.97%
2/29/2024Morgan Stanley
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 Reiterated RatingOverweight ➝ Equal Weight$230.00 ➝ $175.00-23.88%
2/2/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$190.00 ➝ $223.00+6.26%
12/11/2023TD Cowen
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 Boost TargetOutperform ➝ Outperform$215.00 ➝ $230.00+19.43%
11/8/2023Capital One Financial
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 UpgradeEqual Weight ➝ Overweight$195.00+22.20%
9/7/2023DA Davidson
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 Initiated CoverageBuy$200.00+25.13%
6/30/2023Jefferies Financial Group
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 Boost Target$180.00 ➝ $205.00+16.64%
6/28/2023888
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 Reiterated RatingMaintains
6/28/2023William Blair
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 Initiated CoverageOutperform
6/26/2023Deutsche Bank Aktiengesellschaft
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 Boost Target$170.00 ➝ $185.00+2.49%
5/25/2023Wolfe Research
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 DowngradeOutperform ➝ Peer Perform
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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%
9/22/2022Moffett Nathanson
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Sterling Auty
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Initiated CoverageBuy$242.00+35.41%
8/2/2022BTIG Research
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 DowngradeBuy ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 12:27 AM ET.

SNOW Forecast - Frequently Asked Questions

What is Snowflake's forecast for 2024?

According to the research reports of 35 Wall Street equities research analysts, the average twelve-month stock price forecast for Snowflake is $197.31, with a high forecast of $240.00 and a low forecast of $105.00.

Should I buy or sell Snowflake stock right now?

35 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 25 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SNOW shares.

Does Snowflake's stock price have much upside?

According to analysts, Snowflake's stock has a predicted upside of 23.37% based on their 12-month stock forecasts.

Has Snowflake been upgraded by Wall Street analysts recently?

Over the previous 90 days, Snowflake's stock had 1 upgrade by analysts.

Do Wall Street analysts like Snowflake more than its competitors?

Analysts like Snowflake more than other "computer and technology" companies. The consensus rating score for Snowflake is 2.66 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how SNOW compares to other companies.


This page (NYSE:SNOW) was last updated on 7/21/2024 by MarketBeat.com Staff

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