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Snowflake (SNOW) Stock Forecast & Price Target

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$150.75
-5.41 (-3.46%)
(As of 05/28/2024 ET)
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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

Moderate Buy
Based on 35 Analyst Ratings

Consensus Price Target

$200.64
33.09% Upside
High Forecast$240.00
Average Forecast$200.64
Low Forecast$105.00
TypeCurrent Forecast
5/29/23 to 5/28/24		1 Month Ago
4/29/23 to 4/28/24		3 Months Ago
2/28/23 to 2/28/24		1 Year Ago
5/29/22 to 5/29/23
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)
22 Buy rating(s)
18 Buy rating(s)
22 Buy rating(s)
Hold
8 Hold rating(s)
9 Hold rating(s)
8 Hold rating(s)
10 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$200.64$202.00$208.41$182.69
Forecasted Upside33.09% Upside6.41% Upside9.09% Upside17.94% 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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Snowflake Stock vs. The Competition

TypeSnowflakeComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.66
2.59
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside32.83% Upside189.82% Upside10.48% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

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DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/24/2024Macquarie
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$205.00 ➝ $200.00+26.53%
5/24/2024Canaccord Genuity Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$230.00 ➝ $215.00+39.09%
5/23/2024Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetSector Outperform ➝ Sector Outperform$207.00 ➝ $195.00+27.57%
5/23/2024Robert W. Baird
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$210.00 ➝ $200.00+26.31%
5/23/2024Sanford C. Bernstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetMarket Perform ➝ Market Perform$171.00 ➝ $185.00+16.52%
5/23/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetEqual Weight ➝ Equal Weight$188.00 ➝ $191.00+20.40%
5/23/2024Loop Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$235.00 ➝ $225.00+41.83%
5/23/2024Oppenheimer
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Outperform$220.00 ➝ $220.00+39.12%
5/23/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$220.00 ➝ $200.00+26.47%
5/23/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$185.00 ➝ $190.00+20.15%
5/23/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$170.00 ➝ $185.00+13.30%
5/23/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOverweight ➝ Overweight$240.00 ➝ $240.00+46.98%
5/23/2024Needham & Company LLC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$240.00 ➝ $210.00+28.61%
5/23/2024KeyCorp
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$185.00 ➝ $200.00+22.48%
5/23/2024Rosenblatt Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$185.00 ➝ $195.00+19.42%
5/22/2024Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingNeutral ➝ Neutral$210.00+28.95%
5/20/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$246.00 ➝ $220.00+33.93%
5/17/2024JMP Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingMarket Outperform ➝ Market Outperform$235.00+44.90%
5/15/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$212.00 ➝ $200.00+24.22%
5/2/2024BNP Paribas
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Outperform$200.00+28.19%
3/19/2024Redburn Atlantic
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingNeutral ➝ Sell$180.00 ➝ $125.00-20.03%
3/18/2024Monness Crespi & Hardt
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeSell ➝ Neutral
3/15/2024Guggenheim
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeSell ➝ Neutral
3/4/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$290.00 ➝ $240.00+28.24%
2/29/2024HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingHold ➝ Reduce
2/29/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$250.00 ➝ $225.00+20.84%
2/29/2024Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$250.00 ➝ $210.00+12.97%
2/29/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$255.00 ➝ $205.00+10.28%
2/29/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOverweight ➝ Equal Weight$230.00 ➝ $175.00-23.88%
2/2/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$190.00 ➝ $223.00+6.26%
12/11/2023TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$215.00 ➝ $230.00+19.43%
11/30/2023Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$190.00 ➝ $210.00+19.68%
11/8/2023Capital One Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeEqual Weight ➝ Overweight$195.00+22.20%
9/7/2023DA Davidson
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy$200.00+25.13%
6/30/2023Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$180.00 ➝ $205.00+16.64%
6/28/2023888
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingMaintains
6/28/2023William Blair
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageOutperform
6/26/2023Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$170.00 ➝ $185.00+2.49%
5/25/2023Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOutperform ➝ Peer Perform
12/5/2022Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform$250.00 ➝ $200.00+33.56%
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12/1/2022Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower Target$235.00 ➝ $225.00+57.45%
9/22/2022Moffett Nathanson
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Sterling Auty
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoverageBuy$242.00+35.41%
8/25/2022The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy$192.00 ➝ $220.00+37.94%
8/2/2022BTIG Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ Neutral
6/29/2022Redburn Partners
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageNeutral$125.00-13.05%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:35 PM ET.

SNOW Frequently Asked Questions

What is Snowflake's stock forecast and purchase recommendation?

According to the research reports of 35 Wall Street equities research analysts, the average twelve-month stock price forecast for Snowflake is $200.64, with a high forecast of $240.00 and a low forecast of $105.00. The consensus rating for Snowflake stock is Moderate Buy based on the current 2 sell ratings, 8 hold ratings and 25 buy ratings for SNOW. Learn more on SNOW's analyst rating history.

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 2.58. Learn more on how SNOW compares to other companies.

Is Snowflake being upgraded by Wall Street analysts?

Over the previous 90 days, Snowflake's stock had 5 upgrades by analysts.

Does Snowflake's stock price have much upside?

According to analysts, Snowflake's stock has a predicted upside of 18.13% based on their 12-month stock forecasts.

What analysts cover Snowflake?

Snowflake has been rated by research analysts at Bank of America, Barclays, BNP Paribas, Canaccord Genuity Group, Citigroup, Evercore ISI, Guggenheim, HSBC, JMP Securities, JPMorgan Chase & Co., KeyCorp, Loop Capital, Macquarie, Mizuho, Monness Crespi & Hardt, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Redburn Atlantic, Robert W. Baird, Rosenblatt Securities, Royal Bank of Canada, Sanford C. Bernstein, Scotiabank, Stifel Nicolaus, Truist Financial, UBS Group, and Wedbush in the past 90 days.


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This page (NYSE:SNOW) was last updated on 5/28/2024 by MarketBeat.com Staff

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