TD Cowen Has Lowered Expectations for Snowflake (NYSE:SNOW) Stock Price

Snowflake (NYSE:SNOW) had its target price lowered by equities researchers at TD Cowen from $270.00 to $255.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target would indicate a potential upside of 51.40% from the stock’s previous close.

SNOW has been the subject of a number of other research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Snowflake in a research note on Wednesday, January 21st. Citigroup decreased their price target on Snowflake from $300.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Canaccord Genuity Group upped their price objective on Snowflake from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Rosenblatt Securities reissued a “buy” rating and set a $275.00 target price on shares of Snowflake in a research report on Thursday. Finally, Evercore boosted their target price on Snowflake from $280.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Two equities research 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $248.58.

Snowflake Stock Down 2.7%

SNOW stock opened at $168.42 on Thursday. The company’s 50 day moving average price is $198.95 and its 200 day moving average price is $222.58. The firm has a market capitalization of $57.63 billion, a price-to-earnings ratio of -42.64 and a beta of 1.14. Snowflake has a fifty-two week low of $120.10 and a fifty-two week high of $280.67. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the business posted $0.30 EPS. The firm’s revenue was up 30.1% on a year-over-year basis. On average, equities research analysts anticipate that Snowflake will post -2.36 EPS for the current fiscal year.

Insider Buying and Selling

In other Snowflake news, Director Michael L. Speiser sold 50,338 shares of Snowflake stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $230.65, for a total value of $11,610,459.70. Following the transaction, the director directly owned 32,756 shares in the company, valued at approximately $7,555,171.40. This trade represents a 60.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $249.53, for a total value of $2,495,300.00. Following the sale, the executive vice president owned 512,450 shares of the company’s stock, valued at $127,871,648.50. This trade represents a 1.91% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 713,681 shares of company stock worth $148,264,518. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

A number of hedge funds and other institutional investors have recently bought and sold shares of SNOW. Brighton Jones LLC raised its position in Snowflake by 90.0% during the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after buying an additional 29,320 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of 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 in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Snowflake by 29.7% during the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after acquiring an additional 73 shares during the period. Wealthfront Advisers LLC raised its holdings in Snowflake by 24.8% during the second quarter. Wealthfront Advisers LLC now owns 12,467 shares of the company’s stock worth $2,790,000 after purchasing an additional 2,474 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Snowflake by 15.7% during the second quarter. Envestnet Asset Management Inc. now owns 341,325 shares of the company’s stock worth $76,378,000 after purchasing an additional 46,344 shares in the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4 beat and healthy demand: Snowflake reported ~30% y/y revenue growth and an EPS beat, with improving cash flow and strong customer metrics that underpin medium‑term revenue momentum. Snowflake Stock Surges After Q4 Revenue Jumps 30%, EPS Tops Estimates
• Positive Sentiment: AI positioning and market opportunity: Management highlighted agentic AI capabilities, partnerships (OpenAI/Anthropic integrations) and accelerating enterprise AI adoption — including faster growth in India — supporting a durable addressable market for Snowflake’s data cloud. Snowflake sees high levels of AI adoption among India Inc; country growth faster than global
• Positive Sentiment: Market technical/bull case: Some analysts and MarketBeat argue the sell‑off is overdone, institutions have been accumulating, and Snowflake’s cross‑cloud data position makes it central to AI workflows — a potential catalyst for a recovery. Is Snowflake’s Stock Meltdown Over? Signs Point to a Bottom
• Neutral Sentiment: Analyst repositioning: Many firms kept Buy/Overweight ratings but trimmed price targets after the quarter (UBS, Morgan Stanley, JPMorgan, Canaccord, etc.), leaving a mix of upside potential and reduced near‑term analyst support. These Analysts Slash Their Forecasts On Snowflake After Q4 Results
• Negative Sentiment: Mixed outlook disappointed some investors: Management’s FY27 product revenue guide (~27%) was viewed as conservative relative to some buyside expectations, contributing to a share pullback despite the beat. Snowflake’s stock dips as the software company gives a mixed outlook
• Negative Sentiment: Rising legal risk: Multiple law firms and class‑action notices were filed or publicized this week, creating legal overhang and increasing near‑term uncertainty for shareholders. Deadlines for lead‑plaintiff filings are being emphasized. Bronstein, Gewirtz & Grossman LLC Urges Snowflake Inc. Investors to Act: Class Action Filed
• Negative Sentiment: Profitability concerns persist: Commentary (e.g., Motley Fool) notes that while growth is strong, durable GAAP profitability remains elusive — a point that keeps some investors sidelined despite the AI narrative. Why I’m Still Not Buying Snowflake Stock

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.