Snowflake’s (SNOW) “Buy” Rating Reiterated at Needham & Company LLC

Posted by Scott Moore on Oct 15th, 2026

Needham & Company LLC reiterated their buy rating on shares of Snowflake (NYSE:SNOW – Free Report) in a report released on Monday,Benzinga reports. They currently have a $450.00 target price on the stock.

Other analysts have also issued reports about the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Snowflake in a report on Tuesday, September 8th. Bank of America lifted their price objective on Snowflake from $330.00 to $395.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Truist Financial set a $425.00 target price on Snowflake and gave the company a “buy” rating in a research note on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft set a $400.00 target price on Snowflake in a research note on Thursday, September 3rd. Finally, Raymond James Financial upped their target price on Snowflake from $275.00 to $425.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Thirty-five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $414.24.

Read Our Latest Report on SNOW

Snowflake Stock Down 6.6%

Snowflake stock opened at $334.32 on Monday. Snowflake has a twelve month low of $118.30 and a twelve month high of $384.56. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $117.95 billion, a PE ratio of -105.13 and a beta of 1.35. The firm’s 50 day moving average price is $333.37 and its two-hundred day moving average price is $253.25.

Snowflake (NYSE:SNOW – Get Free Report) last issued its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business posted $0.35 EPS. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. On average, research analysts predict that Snowflake will post -1.44 EPS for the current fiscal year.

Insider Activity

In other Snowflake news, EVP Christian Kleinerman sold 25,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $325.00, for a total transaction of $8,125,000.00. Following the completion of the transaction, the executive vice president owned 340,379 shares of the company’s stock, valued at $110,623,175. The trade was a 6.84% decrease in their position. The transaction 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 Frank Slootman sold 289,685 shares of the company’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $274.39, for a total transaction of $79,486,667.15. Following the sale, the director owned 28,535 shares of the company’s stock, valued at $7,829,718.65. This trade represents a 91.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,246,429 shares of company stock valued at $396,227,952. 4.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Snowflake

A number of institutional investors have recently made changes to their positions in SNOW. Mather Group LLC. grew its holdings in Snowflake by 98.0% during the 3rd quarter. Mather Group LLC. now owns 101 shares of the company’s stock worth $34,000 after acquiring an additional 50 shares during the last quarter. Myecfo LLC increased its position in Snowflake by 4.1% in the 3rd quarter. Myecfo LLC now owns 968 shares of the company’s stock valued at $329,000 after acquiring an additional 38 shares in the last quarter. Fortitude Family Office LLC raised its stake in shares of Snowflake by 146.7% in the third quarter. Fortitude Family Office LLC now owns 111 shares of the company’s stock worth $38,000 after acquiring an additional 66 shares during the last quarter. Generate Investment Management Ltd bought a new position in shares of Snowflake in the third quarter worth about $464,000. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Snowflake in the third quarter worth about $1,564,000. 65.10% of the stock is currently owned by institutional investors.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Broader data and AI ecosystem: Snowflake continues expanding its platform through integrations and partner validations. UiPath’s expanded two-way integration is designed to keep enterprise data within Snowflake while enabling automation and AI agents, potentially strengthening customer retention and the company’s data-platform moat. Can Snowflake’s UiPath Integration Deepen Its Data Moat Or Blur Its AI Strategy?
Positive Sentiment: Partner and customer adoption: Treasure AI received Snowflake Ready Technology Validation, while InsuranceMarket.ae said it is building a trusted data foundation on Snowflake to improve customer experiences. ATTOM also introduced Semantic Views for its property data delivered through Snowflake, making complex real-estate information easier to query and analyze. These announcements support Snowflake’s positioning as infrastructure for governed enterprise data and AI use cases. Treasure AI Achieves Snowflake Ready Technology Validation InsuranceMarket.ae Builds Trusted Data Foundation on Snowflake ATTOM Introduces Semantic Views for Property Data in Snowflake
Neutral Sentiment: Snowflake’s Chief Data and AI Officer said enterprises are moving AI projects from experimentation into production, emphasizing governance, security and trusted data. The comments reinforce the long-term opportunity but did not provide new financial guidance. Snowflake’s Anahita Tafvizi on Scaling AI From Experiments to Production
Negative Sentiment: Valuation concerns: Analysts and commentators questioned whether Snowflake’s valuation can be supported by its sales growth, despite substantial recent gains and enthusiasm around AI. One analysis also noted potential risks in the economics of its AI business, increasing sensitivity to execution and future growth. Snowflake Stock Looks Fully Priced Is Snowflake Stock Riskier Than It Looks?
Negative Sentiment: Brokerage downgrade: Phillip Securities lowered Snowflake from “strong buy” to “moderate buy,” reinforcing concerns that the stock’s elevated valuation leaves less room for disappointment. Snowflake Stock Bumped Down to Moderate Buy by Phillip Securities

About Snowflake

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Snowflake Inc (NYSE: SNOW) provides a cloud-based data platform that enables organizations to store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and artificial intelligence workloads in a single environment.

Snowflake’s services include cloud data storage and computing, data sharing and collaboration tools, governance and security capabilities, and access to third-party data through the Snowflake Marketplace.