Snowflake (NYSE:SNOW) Price Target Raised to $375.00

Snowflake (NYSE:SNOW) had its target price upped by Truist Financial from $300.00 to $375.00 in a report issued on Thursday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. HSBC set a $289.00 target price on shares of Snowflake and gave the stock a “buy” rating in a report on Friday, May 29th. Stifel Nicolaus set a $350.00 price objective on Snowflake in a research note on Tuesday. TD Cowen boosted their price target on shares of Snowflake from $300.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday. Oppenheimer boosted their target price on shares of Snowflake from $295.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings cut Snowflake from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. Thirty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $320.65.

Snowflake Stock Performance

SNOW opened at $332.52 on Thursday. The firm’s fifty day simple moving average is $279.09 and its two-hundred day simple moving average is $209.70. Snowflake has a 52-week low of $118.30 and a 52-week high of $341.95. The company has a market cap of $115.25 billion, a price-to-earnings ratio of -94.47 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.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company posted $0.24 EPS. Snowflake’s quarterly revenue was up 33.5% compared to the same quarter last year. Equities analysts anticipate that Snowflake will post -1.81 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Christian Kleinerman sold 25,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was 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 directly 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 document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 48,990 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $320.78, for a total transaction of $15,715,012.20. Following the sale, the director owned 28,535 shares in the company, valued at $9,153,457.30. The trade was a 63.19% 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 three months, insiders have sold 2,327,351 shares of company stock worth $607,085,414. Corporate insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Snowflake

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Kemnay Advisory Services Inc. acquired a new stake in shares of Snowflake in the 4th quarter valued at about $28,000. Greenline Wealth Management LLC acquired a new stake in Snowflake during the 4th quarter worth $29,000. Basecamp Wealth Advisors LLC increased its stake in Snowflake by 140.5% in the first quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $30,000 after purchasing an additional 118 shares during the period. Physician Wealth Advisors Inc. boosted its stake in shares of Snowflake by 56.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after buying an additional 51 shares during the period. Finally, Emerald Advisers LLC increased its position in Snowflake by 95.2% in the 1st quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock valued at $31,000 after acquiring an additional 100 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analysts raised their price targets. Truist increased its target from $300 to $375 and maintained a “buy” rating, citing additional upside from Snowflake’s AI strategy and execution. Bank of America also raised its target to $395. The revisions reinforce bullish sentiment and imply further potential appreciation. Truist raises Snowflake price target
• Positive Sentiment: Snowflake introduced dynamic AI model routing. The capability in Cortex AI Gateway and other products lets customers route workloads among multiple models based on complexity, cost and governance requirements. This may improve efficiency, reduce dependence on any one model provider and make Snowflake more attractive to enterprise customers. Snowflake introduces dynamic model routing
• Positive Sentiment: The company is positioning itself as an “agentic control plane.” Commentary suggests Snowflake is seeking to manage data, governance and workflows as enterprises deploy autonomous AI agents. AI-related products are supporting reported product-revenue growth of 34%, while the company’s most recent quarterly results also exceeded revenue and earnings expectations. Snowflake’s agentic AI strategy
• Neutral Sentiment: Snowflake is being compared with Palantir as enterprise AI infrastructure. Both companies are viewed as potential beneficiaries of production AI adoption, but investors continue to weigh their differing growth, valuation and business models. Palantir and Snowflake comparison
• Negative Sentiment: Insider selling and security concerns remain risks. Director Frank Slootman sold a combined 300,000 shares for approximately $97.4 million across August 18 and 19, reducing his holdings substantially. The transactions were made under a pre-arranged Rule 10b5-1 plan, which limits their signaling value, but the scale may still weigh on sentiment. A report of a Snowflake vulnerability exploited after evading AI security checks also creates reputational and cybersecurity concerns. Snowflake insider selling

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.