Snowflake (NYSE:SNOW) Given New $240.00 Price Target at Canaccord Genuity Group

Snowflake (NYSE:SNOW) had its price objective decreased by equities research analysts at Canaccord Genuity Group from $270.00 to $240.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 38.66% from the stock’s current price.

Several other research analysts also recently commented on SNOW. Jefferies Financial Group set a $300.00 price objective on shares of Snowflake in a research report on Monday, November 24th. Rosenblatt Securities reissued a “buy” rating and set a $275.00 price target on shares of Snowflake in a report on Thursday. Scotiabank dropped their price objective on Snowflake from $290.00 to $205.00 and set a “sector outperform” rating for the company in a research report on Thursday. Robert W. Baird lifted their target price on Snowflake from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Finally, KeyCorp dropped their target price on shares of Snowflake from $285.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $248.84.

Snowflake Price Performance

SNOW traded up $3.87 on Thursday, hitting $173.08. 14,645,340 shares of the stock were exchanged, compared to its average volume of 6,525,647. The firm has a market capitalization of $59.23 billion, a price-to-earnings ratio of -42.84 and a beta of 1.14. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37. Snowflake has a 12 month low of $120.10 and a 12 month high of $280.67. The business has a 50-day moving average of $201.01 and a two-hundred day moving average of $223.09.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the company earned $0.30 EPS. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. Sell-side analysts forecast that Snowflake will post -2.36 EPS for the current fiscal year.

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 50,338 shares of Snowflake stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $230.65, for a total transaction of $11,610,459.70. Following the transaction, the director directly owned 32,756 shares of the company’s stock, valued at approximately $7,555,171.40. The trade was a 60.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Vivek Raghunathan sold 11,801 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the sale, the senior vice president owned 218,020 shares in the company, valued at $48,060,328.80. This trade represents a 5.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 713,681 shares of company stock worth $148,264,518 in the last three months. 6.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Snowflake

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MidFirst Bank bought a new position in Snowflake during the 4th quarter worth approximately $132,000. Pacer Advisors Inc. increased its position in shares of Snowflake by 73.9% during the fourth quarter. Pacer Advisors Inc. now owns 33,923 shares of the company’s stock worth $7,441,000 after buying an additional 14,416 shares during the period. Virtu Financial LLC acquired a new stake in shares of Snowflake during the fourth quarter worth $1,706,000. Copos Capital S.a r.l. bought a new position in Snowflake during the fourth quarter worth $35,000. Finally, MV Capital Management Inc. acquired a new position in Snowflake in the fourth quarter valued at $32,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4 results beat: Revenue of $1.28B (+30% YoY) and adjusted EPS topped expectations — the report and stronger cash flow drove positive investor reaction. Snowflake Stock Surges After Q4 Revenue Jumps 30%, EPS Tops Estimates
• Positive Sentiment: Guidance and demand: Management forecasted FY‑2027 product revenue growth above Street expectations (management targeting ~27% product growth), which analysts say reflects healthy, AI-driven demand for Snowflake’s data platform. Snowflake expects annual product revenue above estimates as AI boosts demand (Reuters)
• Positive Sentiment: AI positioning validated by analysts: Several boutiques and brokers called Snowflake an “AI winner” and said the company is well‑positioned to capture enterprise data moving into AI workflows. That supports a multi‑quarter growth narrative. Snowflake Seen as ‘AI Winner’ (Yahoo)
• Positive Sentiment: Backlog / RPO and cash flow strength: Remaining performance obligations and a larger revenue backlog were highlighted as evidence of durable demand and near-term revenue visibility. Market commentary points to improving cash generation. MarketBeat: Snowflake Q4 and backlog analysis
• Positive Sentiment: Big deals and product wins: Management noted large contract wins (including a ~$400M deal disclosure in coverage) and expanding enterprise adoption—an upside driver for future consumption. Seeking Alpha: FY27 outlook and large deal
• Neutral Sentiment: Mixed analyst reactions: Many firms trimmed price targets after the cautious elements of guidance (UBS, Morgan Stanley, Piper, TD Cowen among others) but kept buy/overweight stances — signaling confidence on secular AI exposure but short‑term caution. Benzinga: Analysts slash forecasts after Q4
• Neutral Sentiment: Comparator and competitive notes: Coverage comparing Snowflake to peers (e.g., Samsara) highlights Snowflake’s AI tailwinds but also shows rival strengths — useful context for relative positioning, not an immediate catalyst. Zacks: Snowflake vs. Samsara
• Negative Sentiment: Market reaction and mixed outlook: Some outlets noted shares slipped in places despite the beat because management’s guide was viewed as conservative — that created short‑term volatility. Snowflake Q4 Earnings Beat, Shares Fall (Yahoo)
• Negative Sentiment: Legal risks: Multiple class‑action filings / investor notices and looming filing deadlines were announced this week; litigation risk raises an overhang for short‑term sentiment. GlobeNewswire: Portnoy Law Firm class action notice

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.