Snowflake (NYSE:SNOW) Price Target Cut to $270.00 by Analysts at Citigroup

Snowflake (NYSE:SNOW) had its target price cut by equities research analysts at Citigroup from $300.00 to $270.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 51.93% from the company’s current price.

A number of other analysts also recently weighed in on the stock. Robert W. Baird upped their price target on shares of Snowflake from $260.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Stifel Nicolaus boosted their price objective on shares of Snowflake from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Wedbush reaffirmed an “outperform” rating and issued a $270.00 target price on shares of Snowflake in a report on Thursday, December 4th. Oppenheimer decreased their price target on Snowflake from $295.00 to $250.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, BTIG Research reissued a “buy” rating and set a $312.00 price target on shares of Snowflake in a report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and an average price target of $271.97.

Snowflake Price Performance

Shares of NYSE:SNOW traded up $0.62 during trading on Wednesday, reaching $177.72. 2,425,920 shares of the company traded hands, compared to its average volume of 5,940,365. The firm has a market capitalization of $60.81 billion, a PE ratio of -44.05 and a beta of 1.14. Snowflake has a 52 week low of $120.10 and a 52 week high of $280.67. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The company’s 50 day moving average is $206.83 and its two-hundred day moving average is $224.71.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. Snowflake’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 earnings per share. As a group, sell-side analysts predict that Snowflake will post -2.36 earnings per share for the current year.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $249.53, for a total value of $2,495,300.00. Following the completion of the transaction, the executive vice president owned 512,450 shares in the company, valued at $127,871,648.50. This trade represents a 1.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank Slootman sold 200,000 shares of Snowflake stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $221.83, for a total transaction of $44,366,000.00. Following the sale, the director owned 50,329 shares in the company, valued at approximately $11,164,482.07. This represents a 79.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 613,681 shares of company stock worth $130,573,518 in the last 90 days. 6.80% of the stock is currently owned by company insiders.

Institutional Trading of Snowflake

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Snowflake in the 4th quarter valued at $974,091,000. Winslow Capital Management LLC bought a new stake in Snowflake during the second quarter valued at $725,667,000. Jennison Associates LLC grew its holdings in Snowflake by 27.7% during the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after acquiring an additional 2,519,413 shares during the period. Coatue Management LLC acquired a new stake in Snowflake during the 3rd quarter worth about $441,277,000. Finally, Jericho Capital Asset Management L.P. bought a new position in shares of Snowflake in the 4th quarter worth about $345,619,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Zacks expects Snowflake to beat upcoming earnings, pointing to revenue and margin drivers that could support upside vs consensus if trends continue. Snowflake Inc. (SNOW) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
• Positive Sentiment: Product momentum: Snowflake’s new coding agent is being positioned as category-leading by the head of product — a potential differentiator for developer adoption and long-term platform stickiness. Snowflake’s new coding agent is in a category of its own, says head of product
• Positive Sentiment: Institutional commentary highlights Snowflake as an attractive AI/cloud exposure amid the software re-shake — pieces arguing for Snowflake’s AI positioning and long-term upside can support investor confidence. Snowflake, SalesForce: Finding Value In The AI Software Shake-Up
• Neutral Sentiment: Guggenheim reaffirmed a neutral rating on SNOW — a steady-but-unexciting stance that may limit upside from the analyst community short-term. Benzinga coverage
• Neutral Sentiment: Coverage and thematic write-ups (InsiderMonkey, 247) highlight the company in AI/cloud conversations; useful for sentiment but not an immediate catalyst unless tied to earnings or guidance. What Makes Snowflake (SNOW) a Lucrative Investment?
• Negative Sentiment: Mizuho sharply trimmed its price target (from $285 to $220) despite keeping an outperform rating — a meaningful reduction that can weigh on sentiment and cap near-term upside. Snowflake price target lowered by Mizuho
• Negative Sentiment: Goldman Sachs also cut its price target (to $246 from $286) while retaining a Buy — another analyst re‑rating that reduces headline upside and could pressure the stock absent strong results. Goldman Sachs Reduces PT on Snowflake Inc. (SNOW) Stock
• Negative Sentiment: Competitive risk: reports say Snowflake shares fell after Google announced a BigQuery global queries feature — features from cloud rivals can erode differentiation and pricing power over time. Snowflake stock falls amid Google’s new BigQuery global queries feature
• Negative Sentiment: Legal/investor risk: Pomerantz announced an investigation into Snowflake investor claims — such actions can be a headline risk and increase volatility until resolved. Pomerantz Law Firm Investigates Claims On-Behalf of Investors of Snowflake Inc.
• Negative Sentiment: Recent intraday/overnight trading updates and a Zacks note that the stock recently slid highlight near-term volatility; material moves will likely depend on the upcoming earnings and updated guidance. Snowflake Inc. (SNOW) Stock Slides as Market Rises

About Snowflake

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.