Mizuho Cuts Snowflake (NYSE:SNOW) Price Target to $220.00

Snowflake (NYSE:SNOW) had its target price trimmed by Mizuho from $285.00 to $220.00 in a report released on Tuesday morning, MarketBeat reports. The firm currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the stock. Raymond James Financial reaffirmed an “outperform” rating on shares of Snowflake in a report on Monday, February 2nd. Evercore raised their target price on Snowflake from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a report on Wednesday, November 26th. Sanford C. Bernstein reiterated a “market perform” rating and set a $237.00 price target on shares of Snowflake in a research report on Thursday, December 4th. Finally, Wells Fargo & Company raised their price objective on Snowflake from $275.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and an average target price of $269.84.

Snowflake Trading Up 1.9%

Shares of Snowflake stock opened at $179.39 on Tuesday. The firm’s 50 day simple moving average is $205.20 and its two-hundred day simple moving average is $224.06. The firm has a market capitalization of $61.39 billion, a price-to-earnings ratio of -44.40 and a beta of 1.14. Snowflake has a 12-month low of $120.10 and a 12-month high of $280.67. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07.

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

Insider Activity

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $197.09, for a total value of $1,970,900.00. Following the sale, the executive vice president owned 461,351 shares in the company, valued at $90,927,668.59. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Vivek Raghunathan sold 11,801 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total transaction of $2,601,412.44. Following the completion of the sale, the senior vice president owned 218,020 shares in the company, valued at approximately $48,060,328.80. This trade represents a 5.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 713,681 shares of company stock worth $148,264,518 over the last quarter. 6.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in shares of Snowflake by 90.0% in the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after buying an additional 29,320 shares in the last quarter. Intech Investment Management LLC lifted its position in Snowflake by 24.0% in the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after acquiring an additional 2,167 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Snowflake by 29.7% in the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after acquiring an additional 73 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Snowflake during the second quarter worth about $271,000. Finally, Mutual Advisors LLC purchased a new position in shares of Snowflake during the second quarter worth about $282,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Zacks reports Snowflake has hit a roughly $100M AI run‑rate early as new AI tools and major partnerships accelerate enterprise uptake — a catalyst for upside expectations. Zacks — Snowflake Rides on Enterprise AI Adoption
• Positive Sentiment: Analyst preview pieces highlight Snowflake’s shift to an enterprise AI platform (Cortex AI, Document AI) and the reported OpenAI partnership as medium‑term revenue drivers, supporting investor optimism ahead of earnings. Seeking Alpha — AI Data Cloud Inflection Point
• Positive Sentiment: Partner and product integrations continue: KPI Partners elevated its partnership tier with Snowflake, and Liquibase extended change‑control support to Snowflake — both expand ecosystem adoption and stickiness. KPI Partners press release Liquibase — Snowflake integration
• Neutral Sentiment: Citigroup cut its price target (from $300 to $270) but kept a Buy rating — a mixed signal that reduces upside but preserves analyst support. Benzinga — Citigroup PT cut
• Neutral Sentiment: Guggenheim reaffirmed a Neutral rating; other pieces discuss likely earnings beats, keeping near‑term expectations varied. Benzinga — Guggenheim reaffirmation Zacks — earnings expectations
• Negative Sentiment: Two plaintiff firms (Pomerantz LLP and Johnson Fistel) announced investigations/solicitations for Snowflake investors — these legal developments can pressure sentiment and add uncertainty. PR Newswire — Pomerantz alert Newsfile — Johnson Fistel
• Negative Sentiment: Director Frank Slootman sold 100,000 shares (~$17.7M at the reported price), materially reducing his holdings — a large insider sale can be viewed negatively by the market. SEC Form 4 — Slootman sale
• Negative Sentiment: Mizuho lowered its price target to $220 and coverage/other notes have coincided with negative headlines; some outlets reported SNOW trading down after a downgrade — analyst downgrades and PT cuts can create short‑term selling pressure. AmericanBankingNews — Mizuho PT cut AmericanBankingNews — trading reaction

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.