Snowflake (NYSE:SNOW) Stock Price Expected to Rise, Monness Crespi & Hardt Analyst Says

Snowflake (NYSE:SNOW) had its target price upped by research analysts at Monness Crespi & Hardt from $380.00 to $450.00 in a research note issued on Thursday, Briefing.com reports. The firm presently has a “buy” rating on the stock. Monness Crespi & Hardt’s price target would suggest a potential upside of 46.43% from the stock’s previous close.

A number of other research analysts have also commented on SNOW. Citigroup boosted their price target on shares of Snowflake from $320.00 to $395.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. TD Cowen raised their price target on Snowflake from $300.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Barclays raised their price objective on shares of Snowflake from $285.00 to $332.00 and gave the company an “equal weight” rating in a research report on Thursday, August 27th. Evercore reiterated an “outperform” rating and issued a $360.00 target price on shares of Snowflake in a research report on Monday, August 10th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $300.00 target price on shares of Snowflake in a research note on Wednesday, August 19th. Thirty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $348.62.

Snowflake Trading Down 3.9%

Shares of SNOW opened at $307.31 on Thursday. Snowflake has a twelve month low of $118.30 and a twelve month high of $341.95. The stock has a market cap of $106.51 billion, a PE ratio of -87.30 and a beta of 1.33. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. The business’s 50-day moving average price is $293.26 and its 200-day moving average price is $218.27.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. Snowflake’s revenue was up 35.1% compared to the same quarter last year. During the same period last year, the business earned $0.35 earnings per share. On average, equities analysts forecast that Snowflake will post -1.81 EPS for the current fiscal year.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 25,000 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $325.00, for a total value of $8,125,000.00. Following the sale, the executive vice president owned 340,379 shares of the company’s stock, valued at $110,623,175. This trade represents a 6.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $324.06, for a total transaction of $130,596.18. Following the completion of the transaction, the director owned 22,573 shares in the company, valued at $7,315,006.38. The trade was a 1.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,156,901 shares of company stock valued at $321,725,352 in the last quarter. Company insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. North Dakota State Investment Board bought a new position in Snowflake in the 4th quarter worth $3,495,000. Allstate Corp boosted its stake in shares of Snowflake by 108.1% during the 4th quarter. Allstate Corp now owns 24,497 shares of the company’s stock valued at $5,374,000 after purchasing an additional 12,724 shares in the last quarter. TimesSquare Capital Management LLC boosted its stake in shares of Snowflake by 86.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 209,653 shares of the company’s stock valued at $45,989,000 after purchasing an additional 97,128 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Snowflake by 159.9% during the fourth quarter. William Blair Investment Management LLC now owns 1,346,998 shares of the company’s stock valued at $295,477,000 after buying an additional 828,789 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in shares of Snowflake during the second quarter valued at about $1,399,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Quarterly results exceeded expectations: Snowflake reported adjusted EPS of $0.62 versus the $0.45 consensus estimate and revenue of $1.55 billion versus $1.48 billion expected. Revenue rose 35.1% year over year, while product revenue increased 37% to $1.49 billion. Snowflake lifts annual product revenue forecast
• Positive Sentiment: Raised guidance and improving profitability outlook: Management lifted its full-year product-revenue forecast and indicated fiscal 2027 product revenue of approximately $6.07 billion, alongside a 14.5% non-GAAP operating-margin target. The upgraded outlook suggests durable demand for Snowflake’s cloud data platform. Snowflake FY 2027 guidance
• Positive Sentiment: AI adoption is becoming a growth catalyst: Snowflake cited momentum in its AI coding agent CoCo and other offerings such as CoWork and Cortex. Analysts believe AI-driven workloads could continue to accelerate consumption and expand Snowflake’s competitive advantages. Wall Street analysts discuss Snowflake
• Positive Sentiment: Analyst support remains strong: Rosenblatt raised its price target to $345 and maintained a Buy rating. Other analysts see additional upside as Snowflake benefits from the AI trend. Rosenblatt price target
• Neutral Sentiment: Customer adoption provides validation: Sayari selected Snowflake to rebuild its commercial data model for AI, potentially reducing its data-infrastructure costs by more than 50%. However, the company has not quantified the revenue contribution from customers adopting AI. Sayari selects Snowflake
• Negative Sentiment: High valuation and ongoing losses remain concerns: Despite the earnings beat, Snowflake trades at an elevated valuation, has a negative GAAP net margin and return on equity, and faces criticism over stock-based compensation and dilution. High short interest could increase volatility if future growth or AI monetization disappoints.

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.